It's time to start digging up those Squirrelled Nuts!!!!

Audaxer

Sea_Shell said:

Now Marcus have increased to 1%, time to sell up the rest of the Premium bonds.

It's a fast moving market!

That's good news. Just looked at my emails and it's up to 0.9% for me as I've had the account for over a year and don't get the 0.1% bonus, but still a good rise. I was going to open the Virgin Current account that gives 2% on £1,000, but more for the linked savings account that is 1% up to £25k, but not sure if I'll bother now. 

EDIT: Even better, I've just read the email fully and found out that I could put the bonus back on to the account online, so I have done that and it is now up to the full 1%. 

Sea_Shell

Audaxer said:

Sea_Shell said:

Now Marcus have increased to 1%, time to sell up the rest of the Premium bonds.

It's a fast moving market!

That's good news. Just looked at my emails and it's up to 0.9% for me as I've had the account for over a year and don't get the 0.1% bonus, but still a good rise. I was going to open the Virgin Current account that gives 2% on £1,000, but more for the linked savings account that is 1% up to £25k, but not sure if I'll bother now. 

Are you sure you can't get the bonus?

I've had my account for over a year and still get bonus.  Online savings account.

Audaxer

Sea_Shell said:

Audaxer said:

Sea_Shell said:

Now Marcus have increased to 1%, time to sell up the rest of the Premium bonds.

It's a fast moving market!

That's good news. Just looked at my emails and it's up to 0.9% for me as I've had the account for over a year and don't get the 0.1% bonus, but still a good rise. I was going to open the Virgin Current account that gives 2% on £1,000, but more for the linked savings account that is 1% up to £25k, but not sure if I'll bother now. 

Are you sure you can't get the bonus?

I've had my account for over a year and still get bonus.  Online savings account.

Thanks, yes I have just updated my account after re-reading the email and noticing that I could reinstate the bonus. I would never have thought a few years ago that I would be so happy with a 1% interest rate 

k_man

Hasn't it been comparable anyway?

(Or not any better than Marcus or Tandem were a few days ago), but with with the balance management overhead

ETA this was in ref to Lloyds 5k interest.

moving_forward

Stubod said:

...I think PB's work best if you can afford to "max out", ie £50k per person...more likely to achieve the "average" rate?

Its our emergency fund so not too bothered about a return. Thanks anyway.

SouthCoastBoy

I'm afraid any savings account is currently a negative return in real terms. A few years of this compounded will soon eat into savings. I am trying to stick more into funds, slowly chipping away at my cash pile. 

Sea_Shell

k_man said:

Hasn't it been comparable anyway?

(Or not any better than Marcus or Tandem were a few days ago), but with with the balance management overhead

ETA this was in ref to Lloyds 5k interest.

I think club Lloyds equates to 0.79% on the full 5k.

0-4k at 0.6%
4-5k at 1.5%

OTTOMH

Sea_Shell

SouthCoastBoy said:

I'm afraid any savings account is currently a negative return in real terms. A few years of this compounded will soon eat into savings. I am trying to stick more into funds, slowly chipping away at my cash pile. 

Well, yes.  The joys of keeping an emergency cash fund, for when those investments fall through the floor! 😉


But let's not spend the next 10 pages discussing the pros and cons of a cash pot v. having it all invested.🤐

That's been done elsewhere 🤑😉

k_man

Sea_Shell said:

k_man said:

Hasn't it been comparable anyway?

(Or not any better than Marcus or Tandem were a few days ago), but with with the balance management overhead

ETA this was in ref to Lloyds 5k interest.

I think club Lloyds equates to 0.79% on the full 5k.

0-4k at 0.6%
4-5k at 1.5%

OTTOMH

I get 0.78% in my maths, but close enough.
Tandem has been 0.77% since start of March (until the recent increase).

Thing have indeed got bad if you are chasing 0.01% 😋

Sea_Shell

k_man said:

Sea_Shell said:

k_man said:

Hasn't it been comparable anyway?

(Or not any better than Marcus or Tandem were a few days ago), but with with the balance management overhead

ETA this was in ref to Lloyds 5k interest.

I think club Lloyds equates to 0.79% on the full 5k.

0-4k at 0.6%
4-5k at 1.5%

OTTOMH

I get 0.78% in my maths, but close enough.
Tandem has been 0.77% since start of March (until the recent increase).

Thing have indeed got bad if you are chasing 0.01% 😋

Do you mean me? 

I'm not chasing 0.01%.    I'm moving from 0.78% to 1%.  

I've never used Tandem.