The Top Easy Access Savings Discussion Area

nig0609

mircat wrote: »

on martin saving page its not clear on ulster bank that if you make a withdrawal in any month you lost a month intrerest

Instant Access – your money is there when you need it, interest will be lost in any month a withdrawal is made. If a withdrawal is made in any of the first six months after the account has been opened, only the bonus rate (0.50%) will be paid on that month.

evan with the six months bouns the rate is lower for a ten thousand pounds

I take it to mean that if you make a withdrawal, then you forfeit interest earned in the month of withdrawal. Alliance & Leicesters Esaver is the same

Guider

Hi,
Could someone kindly suggest where the best return for some savings for my son should be opened? He is 12yrs old and therefore a non tax payer. He recently was left £10,000 by his late God Mother, and I would like to lock it away until his 18th birthday, but of course am looking for the best return for him
Guider

ahai1

Does anyone know how busy Yorkshire Building Society are? I applied for the esaver and I have to send in idnetifcation but I need some information before that and the email came from them saying that there they were really busy.

I was thinking about the City bank account but it asks for certain things which I can't provide for example yearly income as it varies from year to year for me.

ahai1

I was thinking of a child trust fund but it does not apply to a 12-year-old.

ahai1

Norwich and Peterborough E saver has dropped to 2.75. I got it at 3.25. Will I still get 3.25?

What are the best deals around now? As the article has not been updated.

Mr._H_2

ahai1 wrote: »

Norwich and Peterborough E saver has dropped to 2.75. I got it at 3.25. Will I still get 3.25?

Doesn't look like it. The account says that the interest is variable (not fixed). So you'll be getting 2.75%, unless your 3.25 is made up of the 2.75% standard rate + a 0.5% bonus.

As an example, the Tesco internet saver has a variable interest rate, and for a while at the end of last year and the beginning of this one, there was also a 1.5% bonus for one year. When I opened it, the standard rate was 4.5%, so with the 1.5% bonus it was paying 6%. Since then, the rate has dropped to 2.5% and the bonus has been withdrawn for new customers. So new customers get 2.5% but anyone who opened it whilst they were offering the 1.5% bonus is getting 4%.

So, is any part of your rate a special introductory bonus? If not, you'll be getting 2.75%

ahai1

It doesn't look like it from what I have read. It was a good deal when I got it. I also grabbed the Tesco one last year in December so that is a good deal.

Any other good acceptable deals around?

nig0609

Lloyds TSB current account with vantage http://www.lloydstsb.com/rates_and_charges/current_account_rates_curr_page.asp#currentaccountsvantage

4% in a current account, need to deposit over 1000 a month, and keep the balance between 5k & 7k to maintain the 4% on the full balance, a bit fiddley for me

ahai1

That is a lot of money and I don't have that much to put in. I am one of those people who can save but not a set amount on a regular basis.

I was thinking about the Citibank account any views?

G_M

What are the best deals around now?

Check here or here for best rates.