Its worth it to me!.

robotrobo

Zero_Sum wrote: »

These Santander accounts you have, are they the full 123 ones where you (probably think that) get 1.5% ?
If so have you knocked off the monthy fee from your interest as you can get better elsewhere. You can also get better on the regular savers at other banks.

.

your absolutely right!, i failed to take that in to consideration.

but we still get just shy of £25 a month 4x25=£100
plus 2 regular savers.

and im first to admit im not a boffin .

i have 4 other reg savers from other banks,
thankyou

robotrobo

Zero_Sum wrote: »

These Santander accounts you have, are they the full 123 ones where you (probably think that) get 1.5% ?
If so have you knocked off the monthy fee from your interest as you can get better elsewhere. You can also get better on the regular savers at other banks.

Hi zero/
Yes full 123 accounts
i failed to take in to consideration the monthly fee (birdbrain)
yes like others i have reg savers with other banks.


thankyou.

robotrobo

colsten wrote: »

This doesn't sound very MSE, I'm afraid.

Hi Colsten
i dont know why its not MSE, you helped me in the early days to get me going as i was clueless!, thanks again for the patience you showed me.
Thankyou.

robotrobo

Ballard wrote: »

It took me a couple of years to realise it but interest from cash is generally far outperformed by a stocks and shares isa. There’s always going to be a danger of capital loss but a balanced portfolio should mitigate this to a large extent. I can’t stress enough that I am no expert but saw a 10% rise in mine in 2019. 2018 was not such a good year for it and only saw a low single figure percentage rise.

Depending on age, putting money into your pension is also worth considering. I’m gradually reducing my cash balance, partly by sacrificing 17.5% of my salary (which is matched by my employer). I will also put my bonus (if any) straight into my pension (which my employer will add further 5%).

My advice, then, is to look at your cash amounts and work out whether you can put some away for 5/10 years or until retirement (if not already retired). If you are able to invest medium/long term then investigate your options.

Hi Ballard.
I was in the stockmarket for 20 years, i never made a fortune. probably because i didnt truly know what i was doing,
I did make a bit of money, but as i got older i lost my nerve quite a lot.
I dabbled in investment trusts mainly .Dunedin, Templebar,Flemings claverhouse, Jupiter and a few more.
I think i had about 40 different shares certificated at one time.
i lost my nerve and got out, hence i have a bit of cash.
Its a good feeling for me not looking at what the footsies doing every day, no doubt the latest bombings will have affected it again.

colsten

robotrobo wrote: »

Hi Colsten
i dont know why its not MSE

It's not MSE because you can get better interest elsewhere. By all means, keep 1 of the 123s if your cashback pays for the monthly account fee but it's difficult to see why you would want to keep the other 3.

You could have got 1.6% easy access at Al Rayan if you had kept your eye on the ball. You can even get 1.75% now if you are prepared to lock (some of) your money away for a little while - 9 months at BLME via HL Active Savings. Although this offer expires tonight, by the looks of it. There are other offers, e.g. 1.6% for a 1-year fix, again via HL Active Savings. Or you could check Raisin for similar offers. Do you really need instant access to all your savings?

MSE means to keep your ear to the ground, and to move your money round when necessary :cool:

robotrobo

Zero_Sum wrote: »

These Santander accounts you have, are they the full 123 ones where you (probably think that) get 1.5% ?
If so have you knocked off the monthy fee from your interest as you can get better elsewhere. You can also get better on the regular savers at other banks.

we have 4 santander accounts between us, i have just had a look and it says at the top of the account on each one.

123 account earnings in the last 31days you earned £54.11p and your total since opening is £5,449.55p.

account 2 123 says £25,63 since opening £2,576,44,

account 3 £49,59 since opening £6,199,05

account £25,36 since opening £2,88,76

im not to sure what it means?, surely its not what have earned in interest?

robotrobo

colsten wrote: »

It's not MSE because you can get better interest elsewhere. By all means, keep 1 of the 123s if your cashback pays for the monthly account fee but it's difficult to see why you would want to keep the other 3.

You could have got 1.6% easy access at Al Rayan if you had kept your eye on the ball. You can even get 1.75% now if you are prepared to lock (some of) your money away for a little while - 9 months at BLME via HL Active Savings. Although this offer expires tonight, by the looks of it. There are other offers, e.g. 1.6% for a 1-year fix, again via HL Active Savings. Or you could check Raisin for similar offers. Do you really need instant access to all your savings?

MSE means to keep your ear to the ground, and to move your money round when necessary :cool:

Thanks colsten i see what you mean now, because i am not brilliant by any means on the pc, i have just kept things as they were!,we have won another £100 on the p/bonds this month between us.
thankyou anyway ,and i will have a look at the offers you have mentioned in your reply , thanks again.

eskbanker

robotrobo wrote: »

im not to sure what it means?, surely its not what have earned in interest?

No, it includes DD cashback as well - interest can't be more than about £25 per month (although used to be up to £50/month when the account paid 3% AER).

YorkshireBoy

eskbanker wrote: »

No, it includes DD cashback as well

...but unless you've a Santander mortgage (or two!), or some big utility bills, or paying mobile phone contracts for all the family, most people would struggle to generate more than £5-6/mth (£60-70/yr) cashback I'd have thought? Personally I'm making just under £5/mth on my 123 lite.