NS&I savings to ...where?

enthusiasticsaver

We removed our N, S and I income bond  money and transferred it to Yorkshire BS.  Only 1% (for £50k or 0.95% for less than that) but better than nothing and instant access.  We also put some in our SIPPs and Stocks and Shares ISAs.  I  agree though there is a limit to constant shuffling of money to chase the slightest increase in interest rate but as N, S and I are practically paying zero I refuse to leave our money there.  We keep our emergency fund in the Yorkshire now, some home improvement money for work we are having done now and our holiday money for next year (if they go ahead after being rearranged from this year). Also a substantial amount in case we need to change either of our cars in the next three or four years. We could put these in a term deposit but even those are not paying  a great deal so I would rather sacrifice the extra and keep our money accessible. 

polymaff

 WHEN the NS&I rates next change I'll

1. Abandon NS&I Income Bonds

2. Open a Direct Saver (£1) and use it, instead of Income Bonds to trigger the Halifax Reward.

3. Stay in Premium Bonds - but keep an eagle eye on the rate.

Sign of the times - to match the current Halifax Reward you'd need to have £750,000 in the post-rate-rise NS&I Income Bonds - per Halifax Account. ...