The Top Easy Access Savings Discussion Area

I-LOV-MONEY

I have a couple of NS&I Guaranteed Growth Bonds, both at 2.20%  due to mature in January and May.   I don't actually need the proceeds at the moment, so what do I do with it ?   Hello Marcus,  hello mattress !!!!!!!

Consumerist

I-LOV-MONEY said:

I have a couple of NS&I Guaranteed Growth Bonds, both at 2.20%  due to mature in January and May.   I don't actually need the proceeds at the moment, so what do I do with it ?   Hello Marcus,  hello mattress !!!!!!!

Not under the mattress. Spread between the blankets - at least it may help keep you warmer at night.

I-LOV-MONEY

Now that is an idea.  Save water, save electricity on a hot water bottle, and the cat can find her own bed !!!!

snowqueen555

Opened the Paragon triple saver one day before it closed. 0.65%
Savings rates are horrible, the worst thing is that they will stay like this for a really long time.

Anyone have any guesses when they want increase? 15-20 years?

Consumerist

I-LOV-MONEY said:

Now that is an idea.  Save water, save electricity on a hot water bottle, and the cat can find her own bed !!!!

I understand that cats can make good foot warmers.

Stoodles

Saffron Building Society are putting their rates UP! Sadly only to 0.5% on their E-Saver Instant Access.

cragside

This is getting silly now. Recently I've had to ditch Santander 123, Marcus looked good but of course they dropped their rate soon after I joined, NS&I Income Bonds were good for five minutes, then YBS looked the best for a while, now their rate is dropping to even lower than Marcus' newly dropped rate - I give up! Not worth the effort for the piddling amounts on offer.

Consumerist

It seems to me that it doesn't matter what you do at the moment, the savings market is positioning itself for the possibility of negative interest rates and it's not helped by the CMA proposal that all savings accounts will have to hold their rate for 6 months once a new account has been opened. We'll have to see if that one comes off.

Being locked-in to a fixed savings account doesn't seem too attractive at the current derisory rates either.

The Bank of England may well be looking for a lot more than £5bn "lost" cash in the future, methinks.

typistretired

That’s why I am taking out 1% Regular Savers would usually not bother 

sharp910sh

cragside said:

This is getting silly now. Recently I've had to ditch Santander 123, Marcus looked good but of course they dropped their rate soon after I joined, NS&I Income Bonds were good for five minutes, then YBS looked the best for a while, now their rate is dropping to even lower than Marcus' newly dropped rate - I give up! Not worth the effort for the piddling amounts on offer.

I experienced literally the same, will just leave my money in YBS no point moving back to Marcus for them to drop it again.