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Race to the Bottom

Just for fun, here is my personal "Last Man Standing - Race to the Bottom of the Easy Access Accounts" list.
  1. Virgin Money Double Take Easy Saver Opened (June 2019) currently 1.50%
  2. Marcus (bonus renewed July 2019) currently 1.35% (incl 0.15% bonus), down to 1.20% on 30th May and 1.05% on 25th July (bonus drops off)
  3. Ford Money Flexible Saver (opened 2018) currently 1.35% down to 1.25% on 16th June and 1.07% on 3rd July
  4. NS&I Income Bond (opened May 2020) currently 1.16%, "to help customers during the Covid crisis" but how long will it last?
We have not seen the last of the rate cuts but the question is how long will this race last?

Comments

  • Prism
    Prism Posts: 3,838 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    My Virgin Money Double Take is also still paying 1.50%
    Marcus bonus lasts until end of July for me
    I still have a Tandem fixed with 9 months left at 2.25%
    And another Tandem fixed with 21 months left at 2.4%
    My Ratesetter is currently paying 2.5% but isn't exactly liquid right now
    On a brighter note I picked up some infrastructure and green energy trusts over the last few months at discounts which should pay between 5% and 7.5% dividends based on purchase price.
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    edited 15 May 2020 pm31 8:52PM
    I'll play by the rules and list instant access only.

    Al Rayan 1.6% until June 1. Then 1.35%. 
    Some Virgins 2% and some TSBs 1.5%. If push comes to shove, some Halifax Rewards, a Club Lloyds and a BoS Vantage at 1.2% or equivalent.

    EDIT: scratch the Halifax Rewards, as I have already chosen the option that doesn't pay me for keeping money in there, and the choice is binding for 12 months.


  • RG2015
    RG2015 Posts: 6,007 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 15 May 2020 pm31 9:58PM
    Just to clarify, fixed rate savers by their very nature do not qualify for the race to the bottom.  :)  

    Upon reflection, and considering Santander's RS account offering 0.75%, fixed rate accounts do qualify and I am tentatively awarding the prize to the aforesaid Santander RS 0.75% 
  • RG2015
    RG2015 Posts: 6,007 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    RG2015 said:
    Just for fun, here is my personal "Last Man Standing - Race to the Bottom of the Easy Access Accounts" list.
    1. Virgin Money Double Take Easy Saver Opened (June 2019) currently 1.50%
    2. Marcus (bonus renewed July 2019) currently 1.35% (incl 0.15% bonus), down to 1.20% on 30th May and 1.05% on 25th July (bonus drops off)
    3. Ford Money Flexible Saver (opened 2018) currently 1.35% down to 1.25% on 16th June and 1.07% on 3rd July
    4. NS&I Income Bond (opened May 2020) currently 1.16%, "to help customers during the Covid crisis" but how long will it last?
    We have not seen the last of the rate cuts but the question is how long will this race last?
    VM DT down to 1.01% on 16th June and new issues now only offering 0.75%
  • Freecall
    Freecall Posts: 1,309 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    colsten said:

    Some Virgins 



    Difficult to find these days!

     :D 
  • C_Mababejive
    C_Mababejive Posts: 11,668 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Simply withdraw your money or support the country by placing it with NS&I
    Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
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