Savings for 1.27% without Faster Payments, or 1.2% with

surreysaver

What are others' thoughts? A Post Office Saver for 1.27% where the money disappears for a day or two earning no interest while its being transferred, or Tesco for 1.2% where it transfers instantly?

polymaff

Do the sums.

Every time you deposit £2,000 you'll lose one penny

skitskut

Tesco, even the one I've got now at 1.16%


What about the BM saver at 1.25%? Bit of a faff to open and the online interface leaves a lot to be desired but it does do FP in and out.

Freddie_Allen

My vote goes to Tesco.

Mr_K

My vote is wait, others will soon play catch up with ' the market leaders' and interest rates are on the way up.

G_M

Mr_K wrote: »

My vote is wait, others will soon play catch up with ' the market leaders' and interest rates are on the way up.

Ah but by rate-chasing as they rise, you not only get the highest rates, you also benefit from compounding interest each time you close an account.....

Unless it's the PO of course!

SG27

Post office savings accounts are like travelling 10 years back in time

Archi_Bald

SG27 wrote: »

Post office savings accounts are like travelling 10 years back in time

That's what will attract some people to them