The Top Easy Access Savings Discussion Area

UncleK

Ford Money have just upped their rate from 0.7% to 0.75% from today - hardly earth shattering but shows they are paying attention!

SFindlay

Ghostcrawler said:

SFindlay said:

murphydavid said:

Ghostcrawler said:

cosh25 said:

Ghostcrawler said:

source please? on their website highest i see as 0.70% to 1.01% on eSaver Issue 16

Moneyfacts. As advised, the account won’t be available until tomorrow so won’t appear on their website. 

thanks for the update, I was in middle of opening saver 16 and saw your post, what a timing.  I will hold off for now

I see its available now.
Whats a saver 16?
My existing Marcus is still at 1.05%
Would I change to Skipton? Um No
Gain is 0.15% for a year then close it - that's £1.50 per £1000 per year then I have to set it up and move my money twice within 1 year - in and out. All that for £15. if you have £10,000 in Marcus.

Thats presuming Marcus remains at 1.05%!!!

I've  opened it as no telling how long it will be available now its top of the table. If we have another lockdown and all the rates plummet at least you've got the bonus guaranteed for the year which is better than nothing, if they don't so what I've got a tenner in it to keep it open so its a no brainer to at least give yourself the option down the road!! 

Also presuming Skipton remains the same. The only guarantee is 0.50% bonus for first 12 months.

Yeah thats why I said if "all the other rates plummet at least youve got the bonus guaranteed for a year"!!! 

accorian

Ah, those dear departed days of 2006-2007. Now it's exciting to see something like Skipton Building Society saying stick £1,000 in our grubby little mitts for a year, and we'll give you seven quid interest.

Whoa hey! Such fun.

lhsecons

accorian said: the 

Ah, those dear departed days of 2006-2007. Now it's exciting to see something like Skipton Building Society saying stick £1,000 in our grubby little mitts for a year, and we'll give you seven quid interest.

Whoa hey! Such fun.

£12 interest!!!

veryintrigued

lhsecons said:

accorian said: the 

Ah, those dear departed days of 2006-2007. Now it's exciting to see something like Skipton Building Society saying stick £1,000 in our grubby little mitts for a year, and we'll give you seven quid interest.

Whoa hey! Such fun.

£12 interest!!!

Assuming the non fixed 0.7% part of the rate stays for the full 12 months.

I'd not like to bet on that!

I-LOV-MONEY

Presuming one could get  the money together, what do people think about this as an alternative to Preumum Bonds?  https://familybuildingsociety.co.uk/Savings/Accounts/Windfall-Bond.aspx?utm_source=website&utm_medium=email&utm_campaign=Windfall Bond

eskbanker

I-LOV-MONEY said:

Presuming one could get  the money together, what do people think about this as an alternative to Preumum Bonds?  https://familybuildingsociety.co.uk/Savings/Accounts/Windfall-Bond.aspx?utm_source=website&utm_medium=email&utm_campaign=Windfall Bond

Thoughts about this are discussed on the various threads about the product over the years:

https://forums.moneysavingexpert.com/discussion/5101294/family-building-soc-windfall-bond
https://forums.moneysavingexpert.com/discussion/5182646/family-building-society-windfall-bond-is-it-fair
https://forums.moneysavingexpert.com/discussion/6082984/family-building-society-windfall-bonds

me_and

I've just found https://www.unitymutual.co.uk/savings-for-you/investment-bond/ – it claims to effectively be a 5 year fixed term account paying 2.25% AER, which is significantly more than the 1.6% offered by the best of the fixed term 5 year accounts on the article. It's a slightly strange setup, but they claim to have full FSCS protection, and I'm not obviously spotting the catch; it just seems like it's in the too-good-to-be-true category. What am I missing?

4justice2

me_and said:

I've just found https://www.unitymutual.co.uk/savings-for-you/investment-bond/ – it claims to effectively be a 5 year fixed term account paying 2.25% AER, which is significantly more than the 1.6% offered by the best of the fixed term 5 year accounts on the article. It's a slightly strange setup, but they claim to have full FSCS protection, and I'm not obviously spotting the catch; it just seems like it's in the too-good-to-be-true category. What am I missing?

Lengthy thread on this here.........https://forums.moneysavingexpert.com/discussion/6192638/5-year-2-25-per-annum/p1

eskbanker

me_and said:

I've just found https://www.unitymutual.co.uk/savings-for-you/investment-bond/ – it claims to effectively be a 5 year fixed term account paying 2.25% AER, which is significantly more than the 1.6% offered by the best of the fixed term 5 year accounts on the article. It's a slightly strange setup, but they claim to have full FSCS protection, and I'm not obviously spotting the catch; it just seems like it's in the too-good-to-be-true category. What am I missing?

The fact that this thread is about easy access accounts?