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Where are you putting your money now banks & NS&I have cut their interest rates

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  • kotys
    kotys Posts: 7 Forumite
    Name Dropper First Post
    edited 26 September 2020 at 12:35PM
    NS&I premium bonds, Halifax reg saver 2%, Halifax Kids reg saver 4%
  • quirkydeptless
    quirkydeptless Posts: 1,225 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 26 September 2020 at 1:37PM
    I have rolling Regular Saver and Fixed Rate savings such that I have a pot or two maturing each month and some in Easy Access savers (mostly Skipton 1.2% and Al Rayan 1.15%) in case I need a cash top up in any month, so I've got at least a years supply of cash covered, and so with them all working together I can scrape a better rate.
    I used to average over 3%, but I can't even keep it over 2% any more :'(
    Total Interest is <£1000 so no tax.
    Retired 1st July 2021.
    This is not investment advice.
    Your money may go "down and up and down and up and down and up and down ... down and up and down and up and down and up and down ... I got all tricked up and came up to this thing, lookin' so fire hot, a twenty out of ten..."
  • PParka
    PParka Posts: 268 Forumite
    Part of the Furniture 100 Posts Name Dropper Academoney Grad
    Atom for me...
    Some in the 1 year fix at 1.18% and the rest in the Instant Saver at 0.75%
  • soulsaver
    soulsaver Posts: 6,614 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 27 September 2020 at 1:04AM
    I moved a big chunk of my Marcus to Aldermore's 1.26 fix intending to refill the Marcus at 1.05 when NS&I drops in Nov.
    Marcus pulled the rug on that plan the very next day announcing their intended rate drop to 0.7 :(

    I've got bit more time to pump more into the Aldemore  fix but OH wants to look for a house move so reluctant to tie stuff up.. :shrug:

  • st999
    st999 Posts: 1,574 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 27 September 2020 at 1:58PM
    I've given up.
    I'm spending my money and just keeping enough money in the bank to pay for one funeral, depends who goes first, then the kids can pay for the last person after selling the house and splitting the cash received or whatever they want to do with the house and contents.
    And if I ever need a lot of cash there is always equity release.
    I won't be here for any fallout over that.
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