Natwest - decent saving products in the past?

EachPenny

AirlieBird wrote: »

You can keep it. I get better rates than that without having to faff around with ensuring the balance increases by a prescribed amount every month to get any interest.

And how many of those accounts require you to "faff around" paying in no more than a certain amount each month or require you to set up direct debits plus have minimum monthly pay-in requirements etc?

jimjames

EachPenny wrote: »

But when you've filled the 5%, 4%, 3%, 2.25%, 2% accounts then where do you go next? Santander at 1.5% (less fee, plus cashback) otherwise you are in sub-1.5% territory.

If 1.5% isn't worthwhile, then why were people so excited when Tesco offered 1.35% and BM 1.45%?

I can't see why I'd need more than the amount of cash I can keep in all those different accounts. Beyond that I'm investing my money

RG2015

EachPenny wrote: »

And how many of those accounts require you to "faff around" paying in no more than a certain amount each month or require you to set up direct debits plus have minimum monthly pay-in requirements etc?

EachPenny,

I know you are right and as I am the most intelligent person I know you do not need to convince anyone else to get any more affirmation!

capital0ne

EachPenny wrote: »

But when you've filled the 5%, 4%, 3%, 2.25%, 2% accounts then where do you go next?

Mugs game, S&S are the only way to build a decent pot of cash!

RG2015

capital0ne wrote: »

Mugs game, S&S are the only way to build a decent pot of cash!

Good point. Let’s ban any discussions on cash interest rates.

Then perhaps all those pesky mugs will ****** off.

EachPenny

capital0ne wrote: »

Mugs game, S&S are the only way to build a decent pot of cash!

Of course, but where do you put that cash before you invest it? Elsewhere on the forum you've just claimed to have invested your full £20k ISA allowance in two equities in £10k chunks.
https://forums.moneysavingexpert.com/discussion/5827619

So where was your £20k sitting before you put it into your S&S ISA?

Herbalus

capital0ne wrote: »

Mugs game, S&S are the only way to build a decent pot of cash!

Even the strongest S&S advocate would advise keeping a few months worth of living costs in cash.

Alexland

Herbalus wrote: »

Even the strongest S&S advocate would advise keeping a few months worth of living costs in cash.

Yes but you can do that by having a set of 5% regular savers offset by a few months each especially if you are a couple driving 4 individual easy access 5% regular savers with offset dates from joint Nationwide and Santander current accounts. After that the money can go into investments.

(Although I also have an HSBC one and plan to take up the First Direct one too - although the £100 for leaving offer is tempting).

Alex

ceredigion

jimjames wrote: »

I can't see why I'd need more than the amount of cash I can keep in all those different accounts. Beyond that I'm investing my money

capital0ne wrote: »

Mugs game, S&S are the only way to build a decent pot of cash!

I often read such things on here and its easy for contributed to look at their own circumstances ,then apply that rationale across the board. For me , yes I do have all these accounts, in fact they are all doubled up as there are two of us and they are all full of money. But as a percentage of total asset this is a sensible figure. Its about not having all your eggs in one basket.

EachPenny

AirlieBird wrote: »

You can keep it. I get better rates than that without having to faff around with ensuring the balance increases by a prescribed amount every month to get any interest.

Well if the news about Lloyds and BoS is true then the Savings Builder just became even more interesting - no need to faff around finding direct debits to get 1.5% on a £5k deposit.