We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a very Happy New Year. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
The Top Easy Access Savings Discussion Area
Comments
-
The Financial Services Compensation Schem Is 85k
NS&I is backed by the Treasury so 100% of funds saved are safe.
Anyway who's job is it to set the bar at 85k is it the government Chancellor or the Bank of England.
0 -
Possibly the FCA. FSCS is funded by a levy on the industry.
Amount used to be linked to EUR100k.2 -
Used to the EU, £85k equates to €100K. Hence why the £85K went up and down, depending on sterling v euro.SeriousHoax said:The Financial Services Compensation Schem Is 85k
NS&I is backed by the Treasury so 100% of funds saved are safe.
Anyway who's job is it to set the bar at 85k is it the government Chancellor or the Bank of England.3 -
SeriousHoax said:The Financial Services Compensation Schem Is 85k
NS&I is backed by the Treasury so 100% of funds saved are safe.
Anyway who's job is it to set the bar at 85k is it the government Chancellor or the Bank of England.
This topic is a bit of a tangent to the thread, so @serioushoax may want to consider creating a different thread to discuss it in, as it's certainly a very interesting discussion (I didn't know it was linked to the euro at one stage) - but here is the answer:
'The UK regulators, the Financial Conduct Authority and the Prudential Regulation Authority, set the financial compensation limits and compensation rules.'If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.1 -
A guaranteed £50 though. And depends how long it takes you to get through £5000 spend of course as to how worthwhile.jak22 said:The 1% cashback is better than nothing but a £5000 spend gives just £50 - that's only an extra Premium Bond prize one month or buying something different in the supermarket each week. If it becomes too much of a struggle to meet their "reward" conditions it won't be that great a loss. It's the savings account rate that matters and it's been a while since they've had a top rate - has that gone up because a couple of other banks have 3% rates now?
I’m thinking I may just put £500 in once a month, basically losing 2% interest (say 83p) and assuming I spend that get £5 cashback
0 -
Plus the cashback is 'free money' on things that you have to spend on anyway - like food shopping, utility bills. So definitely worth having. I had the email from Chase today with the revised cashback offer when my existing one expires in April.0
-
Harpenden Building Society triple access to 3% if conditions met re withdrawals from 21/02/2023If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.2 -
3 or less withdrawals per annum. It would have been helpful if you had kindly put that info on your post. It would save me looking it up !ForumUser7 said:Harpenden Building Society triple access to 3% if conditions met re withdrawals from 21/02/2023
Thank you for reading this message.0 -
There's a big clue in the product nameI-LOV-MONEY said:
3 or less withdrawals per annum. It would have been helpful if you had kindly put that info on your post. It would save me looking it up !ForumUser7 said:Harpenden Building Society triple access to 3% if conditions met re withdrawals from 21/02/2023
18 -
Branch or Post only.ForumUser7 said:Harpenden Building Society triple access to 3% if conditions met re withdrawals from 21/02/20232
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.8K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 260K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards