The Top Easy Access Savings Discussion Area

Baldur

Mr._H wrote: »

Tesco is actually RBS.

It used to be, before Tesco Personal Finance bought out the RBS interest in the joint venture earlier this year - TPF is authorised by the FSA in its own right.

Don't know about the AA.

AA is included in the Bank of Scotland authorisation, along with Halifax, Birmingham Midshires, SAGA & Intelligent Finance - see this table.

veronica46_2

PasturesNew wrote: »

I've no experience of AA, except I signed up with them earlier in the week. Just at the stage where I am receiving the letter and inputting the verification data. So hope to have it up and running by the weekend, then I can put some money in it.
Had a whole bunch in Sainsburys, but too much, so opened up the AA to spread the risk about a bit (although I do need to check who owns the AA)

AA is owned by HBOS I fink, that is what i assume by looking at the group info....
http://www.moneyfacts.co.uk/Savings/articles/who-owns-whom-listings.aspx
OOps clever old Baldur got there first.... and i thought I was so informed
Anyway you will enjoy the gorgeousness of this table methinks.
Urrggh. I am sick of tables and charts.
I am supposed to be an artist.
I feel more like a merchant banker at the mo.

veronica46_2

Can someone tell me who ICICI are and are they English please?
They sound like icky and also ICELAND for which fatuous remark I will no doubt be trolled.
I shall hide under my bridge.
Please don't hurt me i am only little.

Oh! i just found out by looking at their site- they are English.
help! I shall clippety clop away fast....

Mr._H_2

veronica46 wrote: »

Can someone tell me who ICICI are and are they English please?
They sound like icky and also ICELAND for which fatuous remark I will no doubt be trolled.
I shall hide under my bridge.
Please don't hurt me i am only little.

Oh! i just found out by looking at their site- they are English.
help! I shall clippety clop away fast....

No they're not. They are Indian. But they are fully covered by the FSCS scheme up to the first £50,000.

altocumulus

For "English" - please replace by "British" ....

Bromley86

ING savings rate (including bonus) is now down to 6.0% following the rate cut.

veronica46_2

Lips wrote: »

I noticed from the article that one of the first 'clean' accounts mentioned is the AA. Does anyone here have any personal experience of saving with the AA?
AA is part of HBOS!
their interest rate is almost bound to go down.

veronica46_2

veronica46 wrote: »

Can someone tell me who ICICI are and are they English please?
They sound like icky and also ICELAND for which fatuous remark I will no doubt be trolled.
I shall hide under my bridge.
Please don't hurt me i am only little.

Oh! i just found out by looking at their site- they are English.
help! I shall clippety clop away fast....

Oh dear- yes they are BRITISH ( sorry I was not pc- I am only a little goat and don't know my tail from my ears)
also they sound like droppings to me, as they have been taken off the recommended lists of many a comparison site as they are not doing ever so well.......
call me a silly little goat, but I think they are nearly as scary as trolls....

( i am hoping being cute will stop the trolls trying to kill me!)

veronica46_2

vicky06 wrote: »

Hi all,

Have been reading posts on this site for a long time (reading one thread put me off saving in ICESAVE for which i'm eternally grateful at the moment) but I haven't posted/signed up until today.

We have £215K from a house sale. We need access to it in 6 months time to pay for a build. We want the safest place (joint account pref) to put our money with obviously the highest rate of saving..

I have £100K in joint names with Lloyds TSB at the moment as I bank with them. In a 6 month fixed deposit at 5.5%. So I need to find a safe home for the other £115. Obviously understand we are only covered £50K each so guess the 15 will have to go in yet another account.

Any help would be great - don't know about Tesco saving, or AA or should I stick with a main bank in these worrying times?

Thanks so much.
Vicky

Dear Vicky
I think you will need to split the money into various savings accounts and make sure you don't put them with all different ones which are part of the same institute ( fyo: HBOS is loads of companies inc, halifax and AA).
A lot of research is needed on your part.
this may help as it also says who owns what aswell as what group:
http://www.moneyfacts.co.uk/Savings/articles/who-owns-whom-listings.aspx
Do not have more than £50 k in each to keep within the FSCS guidelines.
You might even consider NS and I which are guaranteed by the Bank of England if it is just for a short while.
Unfortunately the interest rates are poor with them so you won't get much return or even keep up with inflation.
Maybe keep some £s safe with them in an easy access acct.and just spread the rest around.
How about put some in the Yorkshire BS? Boring, but they seem ok and not dying at the mo.
Alliance and Leicester? HSBC?( not Uk but FSCS regulated and HUGE)
Personally I would steer away from HBOS till they get it sorted and try some nice boring alternatives in the UK.
You will have to dig about about and cross-reference things.
Hope that helps.

XX
Veronica Goat hiding under a bridge from nasty trolls.

veronica46_2

vicky06 wrote: »

Hi all,

Have been reading posts on this site for a long time (reading one thread put me off saving in ICESAVE for which i'm eternally grateful at the moment) but I haven't posted/signed up until today.

We have £215K from a house sale. We need access to it in 6 months time to pay for a build. We want the safest place (joint account pref) to put our money with obviously the highest rate of saving..

I have £100K in joint names with Lloyds TSB at the moment as I bank with them. In a 6 month fixed deposit at 5.5%. So I need to find a safe home for the other £115. Obviously understand we are only covered £50K each so guess the 15 will have to go in yet another account.

Any help would be great - don't know about Tesco saving, or AA or should I stick with a main bank in these worrying times?

Thanks so much.
Vicky

Dear Vicky
I think you will need to split the money into various savings accounts and make sure you don't put them with all different ones which are part of the same institute ( fyo: HBOS is loads of companies inc, halifax and AA).
A lot of research is needed on your part.
this may help as it also says who owns what aswell as what group:
http://www.moneyfacts.co.uk/Savings/articles/who-owns-whom-listings.aspx
Do not have more than £50 k in each to keep within the FSCS guidelines.
You might even consider NS and I which are guaranteed by the Bank of England if it is just for a short while.
Unfortunately the interest rates are poor with them so you won't get much return or even keep up with inflation.
Maybe keep some £s safe with them in an easy access acct.and just spread the rest around.
How about put some in the Yorkshire BS? Boring, but they seem ok and not dying at the mo.
Alliance and Leicester? HSBC?
Personally I would steer away from HBOS till they get it sorted and try some nice boring alternatives- pref. UK at mo. Sorry but high interest is high risk at the moment, and it doesn't even have to be very high- even a difference of 1% can mean it is less stable.
Do remember no-one has lost any money yet in the UK AND Iceland's economy was dead in the water ages ago( God knows why all the sites carried on recommending KE, Heritable and Icesave for ages and ages. Utterly lamentable). Some have removed ICICI as they are Iin difficulty according to some, although FSCSed. Just fyo.
Personally i didn't touch KE as their pages came up black which reminded me of dodgy sites. ( eg. I go by colour as well as ineterst rate lol!)
You can venture forth to ING ( dutch) territory if you fancy the challenge. Same CDS as the Uk I believe, but in the passport exception scheme and the Dutch PM is not even very friendly to the losses his own people have suffered in the Icelandic meltdown.

You will have to dig about about and cross-reference things.
Also split the money between you and your partner and then you can even be safe within the same institution (group). Might make life less confusing for you both.

Hope that helps.
XX Ms Goat