The Top Easy Access Savings Discussion Area

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?

cosh25

For anyone who is interested. Newcastle Building Society have a Triple Access Saver which pays 1.05% (it guarantees to pay the BOE base rate plus 0.80% until Nov 2021). They have a ‘basic’ mobile app which lets you check balances on the go. May be worth a look as its less restrictive than the Cov BS one. 

I-LOV-MONEY

the only the only snag is thayou are limited to 3 withdrawals a year.

ask66

cosh25 said:

For anyone who is interested. Newcastle Building Society have a Triple Access Saver which pays 1.05% (it guarantees to pay the BOE base rate plus 0.80% until Nov 2021). They have a ‘basic’ mobile app which lets you check balances on the go. May be worth a look as its less restrictive than the Cov BS one. 

Thanks for the tip, with the guarantee it might just turn out to be a good bet with rates tumbling!