Savings Advice from the collective MSE Brains

ivormonee

ivormonee said:

If you're prepared to tie-up for 18 months there is one account that pays 0.77% (from DF Capital).

Update: This account has now been withdrawn! The next best are the 0.7%s that I previously highlighted.

wannabe_a_saver

Croeso69 said:

Regular savers now paying 1% so when my HSBC 2.75% and Club Lloyds 2.50% accounts mature they are not worth renewing for 1%. 

Club Lloyds is at 1.5%, so might be worth hanging onto, especially as its 400 a month and easy access

Croeso69

wannabe_a_saver said:

Croeso69 said:

Regular savers now paying 1% so when my HSBC 2.75% and Club Lloyds 2.50% accounts mature they are not worth renewing for 1%. 

Club Lloyds is at 1.5%, so might be worth hanging onto, especially as its 400 a month and easy access

Yes, that may be worth keeping for approx £39 interest I guess. Bit marginal though.

where_are_we

FLC - As a VirginMoney  online customer consider opening a Virgin Home Coach Buyer Regular Saver £250 per month paying 1.75% fixed (withdraw whenever you like). You can do it properly by downloading the App and following the link once you have gained enough points (I found it a bit of a faff) or search online and follow the link and easily apply and fund immediately (might be OK?). Today is the last day for the Virgin wine offer via a cass switch to a new Virgin Money Current Account but you need 2DD`s on your TSB current account for that switch. It is debatable how long the 2% on £1000 in the VMCA will last whereas the VHCBRS 1.75% is fixed.

where_are_we

Croeso69 - HLAS rates are not good for new money. Club LLoyds RS is definitely worth renewing if the 1.5% rate is available to you when your current CLRS ends - it is a fixed, £400 a month, easy withdrawal, and easy to renew. I also believe 1% RS`s, especially if they are fixed, are worth opening if you have the time because savings rates are still dropping. After retiring, if your annual pension income is below the Personal Tax Allowance (currently £12500) prioritise tax free SIPP withdrawals to get you up to a total of the PTA. It`s a case of "use it" or "lose it" to maximise your tax free Sipp withdrawals for each tax year until SP age kicks.