Just for fun - whats your average interest rate across savings?

joerugby

Cash ISA 2.50%, cash savings 2.13%

badger09

joerugby wrote: »

Cash ISA 2.50%, cash savings 2.13%

Depending on how much you have in your Cash ISA, and in cash savings, you might want to consider the plethora of current accounts, paying 3% - 5% :cool:

jimjames

Mine is 5%.
Quite happy with that seeing some rates mentioned

veryintrigued

Well time for an update - am still managing to just about stay above 3%. Currently its 3.03% net

Just to re-cap this figure is across 20-30 accounts (Regular saver, instant, ISA, current accounts, fixed rate etc) on £50k+ (I'll avoid giving exact figure).

The next few months don’t look good - a Penrith 4.25% 'maturing', as well as FD 6% (hopeful of another renewal here), and the Yorkshire Bank 4% at the end of March…and then into ISA season!!

How you all doing?

Happy Christmas one and all and a healthy New Year.

Kendall80

The majority of my cash is held in 7 TSB and Nwide FD 5% accounts. I have 2k in a tsb gold account to keep the AA benefit worth £100 and avoid monthly fee. Along with a few k in Santander at 3%.




So including the £100 benefit as a 5% figure I'm getting roughly around 4.56% gross on my non-isa related cash.
That would be 3.65% net however the interest from the 5% accounts is presumably compounded somewhat by being transferred to the 3% account. I'm far too lazy to calculate a more precise net value right now.

veryintrigued

Kendall80 wrote: »

The majority of my cash is held in 7 TSB and Nwide FD 5% accounts. I have 2k in a tsb gold account to keep the AA benefit worth £100 and avoid monthly fee. Along with a few k in Santander at 3%.




So including the £100 benefit as a 5% figure I'm getting roughly around 4.56% gross on my non-isa related cash.
That would be 3.65% net however the interest from the 5% accounts is presumably compounded somewhat by being transferred to the 3% account. I'm far too lazy to calculate a more precise net value right now.

I've ignored the multiple switching benefits I've received and also the monthly £5 Halifax C/A reward. i.e. I've just included pure interest.

Kendall80

veryintrigued wrote: »

I've ignored the multiple switching benefits I've received and also the monthly £5 Halifax C/A reward. i.e. I've just included pure interest.

The 2k kept in that TSB gold account would almost entirely be in a 5% account at present earning the same amount.
So essentially it is giving 5% interest. As otherwise I'd be giving £100 min. to the AA. Actually a quick glance at their site suggests 2 people, 2 cars = much greater cost than 100.


I would not include switching fees either or any gains that could not be quantified directly relative to a cash amount (ie £5 pm in-credit offers).

enator

4.05% gross, but that's going to tumble when my Halifax 6.08% and BM 4.55% ISA mature by March

Haven't bothered looking at the current accounts yet, but may do come the day.

veryintrigued

enator wrote: »

4.05% gross, but that's going to tumble when my Halifax 6.08% and BM 4.55% ISA mature by March

Haven't bothered looking at the current accounts yet, but may do come the day.

You're going well there esp without current accounts.

Without these C/As mine really would be incredibly poor!

TheTracker

My first 70k of sole account cash is in Santander 123 x 2, BoS Vantage x 3, TSB Classic Plus x 2, Tesco Savings x 2, Lloyds Club, equating to 3.2%. Additional funds are in various regular savers and residual cash in a 1.35% bucket.