The Top Easy Access Savings Discussion Area

bellaonline79

Having read the article I notice that the Kaupthing Edge / ING accounts are no longer in the best buy tables, even though their fixed rate deals offer rates of 6.86 and above (depending how long you fix for). Given that the article says you will always point out the top rates and then leave it to us to decide if it's safe enough, I was just wondering if anyone can explain why this is. I still have money in a Kaupthing account and was thinking about fixing some of it before the rates come down - now that things seem to have settled down a bit. But the fact that it is not mentioned in the article makes me wonder if I should still be worried about having my money there at all.
Any suggestions?
Bella

Moggles_2

bellaonline79 wrote: »

Having read the article I notice that the Kaupthing Edge/ING accounts are no longer in the best buy tables, even though their fixed rate deals offer rates of 6.86 and above (depending how long you fix for). Given that the article says you will always point out the top rates and then leave it to us to decide if it's safe enough, I was just wondering if anyone can explain why this is. I still have money in a Kaupthing account and was thinking about fixing some of it before the rates come down - now that things seem to have settled down a bit, but the fact that it is not mentioned in the article makes me wonder if I should still be worried about having my money there at all.

These fixed term accounts are no longer available to new applicants, unfortunately.

ferrari042

Anyone with a Kaupthing account (now ING) needs to be aware that they have slashed their rates since the Bank of England announcement. It was 6.55% AER and its now 4.55%, I have moved most of my savings out as there are many better deals.

shellsh0ck

Does anyone know of a fixed rate savings account that will allow further deposits after the bond has been opened?

Also, many of the best paying accounts allow you make deposits until that specific bond has sold out. Are there any bonds that don't do this? I wish to have the account open for 6 months - 2 years (depending on the bond term) and be able to make deposits occasionally, although not necessarily regularly.

Many thanks.

r2mahara

ferrari042 wrote: »

Anyone with a Kaupthing account (now ING) needs to be aware that they have slashed their rates since the Bank of England announcement. It was 6.55% AER and its now 4.55%, I have moved most of my savings out as there are many better deals.

It's amazing that they made this change and haven't sent out an email. Ideally they should let customers know before making the change.

Very poor performance.

patrick0

I've just signed up for the AA savings account. It now has 2 options in the sign up process:

1. pay interest into the AA savings account
2. pay interest into another account

So someone should remove that comment from the savings article.

ukclarkkent

stupid questions - is the aa savings scheme protected up to £50k and does anyone suspect that the bank behind it will go into administration?

just want to know before i get out of ke. cheers!

JayTulip

As of last night Saga pulled its fixed rate savings products.
As of this morning Birmingham Midshires also pulled its fixed rate savings products.
It feels disgusting that people who are living responsible budgeted lives ending up to be true loosers. With the rates paying as little as they are, we won't even be able to keep up with inflation.

robledouk

JayTulip wrote: »

As of last night Saga pulled its fixed rate savings products.
As of this morning Birmingham Midshires also pulled its fixed rate savings products.
It feels disgusting that people who are living responsible budgeted lives ending up to be true loosers. With the rates paying as little as they are, we won't even be able to keep up with inflation.

just successfully applied for the 7.02% fixed rate this morning......I too saw that they`d pulled the deal but I hadn`t deleted the cookies from my browser so was still able to access the page.......completed the whole application process so hoping they`ll honour it. Might be worth checking back in your history if you haven`t deleted your cookies since yesterday

JayTulip

Thank you.
I applied on line with BM and Saga a couple of days ago. I know the application takes up to 5 days, so maybe I will still get the papers and make it through.
I think from good rates the leftover ones I found as of this morning is Clydesdale bank (6.05% for 18 months (4.84% net) or 6.00% for 12 months (4.80% net). I applied for the 18 months product at a Clydesdale branch in London. Yorkshire Back, also part of the same Australian Banking group has the same rates. If you are willing to lock up the money for 3 years, they offer 6.48% gross. Beware that rates with this back are due to change on Friday.