Savings

smudger1946

Flippin eck,
A lot of info to chew over.

Thanks all.
Smudge

Eco_Miser

If you're trying to squeeze the maximum from current accounts, you want £2500 in Nationwide @ 5% and £3000 in Clydesdale/Yorkshire Bank @ 4% AER

Eric_Jones

Virgin eSaver is listed by MSE as a high rate savings account.
It is quite high and it MAY be exactly the account for you but I believe people should be aware that they have recently changed their T&C specifically to say that they are signed up to FATCA. What the Hull is FATCA you might ask? In summary: Because a few Americans have avoided tax by investing it abroad the Americans have bullied every bank in the world to tell the US tax authorities about accounts that they hold anywhere using a completely "guilty until proven innocent" threat of withholding money from any (of the banks) assets in the US on the assumption that there just might be someone out there somewhere in the world who fogot to mention an account. If you believe "if you've done nothing wrong you have nothing to hide" then you probably still don't care, but in the post-Snowden world where we have now seen just some of the utter contempt that Americans hold for the rest of the world you may prefer to put your money into a purely British bank/building society that has not signed up to telling the yanks about your private business. There's several out there - that even pay higher interest.

nilrem_2

Eric_Jones wrote: »

Virgin eSaver is listed by MSE as a high rate savings account.
It is quite high and it MAY be exactly the account for you but I believe people should be aware that they have recently changed their T&C specifically to say that they are signed up to FATCA. What the Hull is FATCA you might ask? In summary: Because a few Americans have avoided tax by investing it abroad the Americans have bullied every bank in the world to tell the US tax authorities about accounts that they hold anywhere using a completely "guilty until proven innocent" threat of withholding money from any (of the banks) assets in the US on the assumption that there just might be someone out there somewhere in the world who fogot to mention an account. If you believe "if you've done nothing wrong you have nothing to hide" then you probably still don't care, but in the post-Snowden world where we have now seen just some of the utter contempt that Americans hold for the rest of the world you may prefer to put your money into a purely British bank/building society that has not signed up to telling the yanks about your private business. There's several out there - that even pay higher interest.

TBH I don't think the above will persuade me to shift my cash from Virgin, I imagine that my data/details are no safer or less safe with them than any other banking organisation!