how much interest do you earn per year? (percent)

ratechaser

colsten wrote: »

Yes, sorry, it's £20k for Santander and simplicity.Thank you for calling out my pretty serious typo.

Got to say though that as everyone reads the T&Cs, don't they, nobody would have come to any harm.

Must admit I was giving you the benefit of the doubt there, assuming you were taking into account a half share of the extra joint account you could have with your partner. Technically I've got 30k in 123 accounts as has my wife.

So you could still claim to be correct

savings_my_hobby

Flobberchops wrote: »

Let me guess, Barclays?

Not Barclays, Halifax

Jsscmm

On purely cash, including p2p and the cash in S&S ISAs but not the shares there, currently 3.78%. I've included regular savers, taking the annual rate by the current value in them. This varies from month to month obviously, but with 7 of them, reasonably spread out, it isn't too lumpy.

darkidoe

enthusiasticsaver wrote: »

Santander 123 accounts (x2) @ 3%, TSB and Nationwide at 5%, TSB regular saver and Nationwide flexclusive regular saver at 5%, Tesco at 3% and Coventry BS fixed term isa at 2.4%. I daren't look at my stocks and shares isa at the moment as that is not performing brilliantly as only went in this year which has not been a good year investment return wise.

Same for me. Having a S&S ISA takes discipline to not look at it too closely.

MEM62

3% on my Cash ISA - fixed to December 2018


% at the whim of the stock market for my S&S ISA. Currently no gain this year.

Sam_J12

jimjames wrote: »

Same here, although mine is just above 5% as all my savings are at 5% plus £5 per month for Halifax Reward. I keep very little cash as most of my money is in S&S ISAs and investments.

It sounds like we have precisely the same strategy then! I funnel everything I have above the amount I can keep in those accounts into my S&S ISA. I don't see why I will ever really need more than £10k in cash, other than car and house purchases.

relaxtwotribes

Sam_J12 wrote: »

It sounds like we have precisely the same strategy then! I funnel everything I have above the amount I can keep in those accounts into my S&S ISA. I don't see why I will ever really need more than £10k in cash, other than car and house purchases.

Me too. I earn nothing in interest each year as all money is invested and earning dividends. I like risk because that brings reward and I view putting money into interest bearing accounts as simply allowing someone else to make a profit at my expense.

Pincher

I seem to have just over £1,000 in interest, from the usual suspects.

However, totting up the 0% BT deals ongoing, I have ~£18k, on which I paid Transfer Fee initially: 2.9% Fee over three years is roughly borrowing at 1% a year.

The Santander 123 cashbacks are covering the fees, even when the higher charges cut in, soon, so let us say the £18k is earning 3%, before tax, but cost me 1%. I am therefore getting 2% (= 3% - 1%) on £18k, but it's not my £18k.

6% Regular Saver with First Direct and HSBC. 5% TSB A/C, 3% Tesco, using my own money.

If you divide the total interest generated, over MY money tied up,
it would be well over 10%, due to the £18k gearing.

Cashbacks don't count, of course, but there's a few hundred pounds coming soon, and it's tax FREE.