The Top Fixed Interest Savings Discussion Area

Dave1979

Anyone used Hargreaves’s Lansdown saving platform?

Can get 2.2% on a one year fix with £50 cash back on a £50k deposit with Aldermore

SAC2334

CheekyMikey said:

SAC2334 said:

I see on moneysaving expert fixed savings that a new one has cropped up now called Hodge Bank offering 2.2% on a 1 year fix ( 2.18 % monthly interest ) Has anyone got any advice about this bank .
I ve got too much in Chase Bank now and getting a bit jittery so the sensible thing is to open a 1 year fixed . 

You’re getting jittery about one of the biggest banks in the world but are considering a bank I’ve never heard of until recently?

Not at all about the Bank collapsing but possibly a virus planted on my mobile or I lose it  is my main worry. Mind you I had £12 k worth of shares of  Halifax bank and lost the lot almost ! when they collapsed  I ve also had an Icelandic Bank I d never heard of collapse too . I m only a little jittery of being well over the £85 k n Chase .I have faith in the banking protection system .

janusdesign

Malchester said:

Between opening my account and sending funds the interest rate increased from 2.08% to 2.2% (not a lot I know) but they increased the rate on my account automatically. So far so good and would, so far recommend them. 

you just reminded me they did the same for me last August - though there was only a 0.04% difference between the two rates! I asked them by email if they would raise it (as I was still within the 14 days) and they said no... logged in the next day to find the rate had been changed.

ScarletBea

Dave1979 said:

Anyone used Hargreaves’s Lansdown saving platform?

Can get 2.2% on a one year fix with £50 cash back on a £50k deposit with Aldermore

I use them all the time - much easier than opening accounts with multiple banks, with all the security checks that involves...

Daliah

ScarletBea said:

Dave1979 said:

Anyone used Hargreaves’s Lansdown saving platform?

Can get 2.2% on a one year fix with £50 cash back on a £50k deposit with Aldermore

I use them all the time - much easier than opening accounts with multiple banks, with all the security checks that involves...

HL rarely ever have market leading rates. The cashback sweetener for new customers is generally the only option to better the market leading rates. The cashback offer was the reason I opened an HL Active Savings account. Beyond that, I wouldn‘t pay for the convenience of a single logon, but it might be important enough for others to do so.

ColdIron

Daliah said:

ScarletBea said:

Dave1979 said:

Anyone used Hargreaves’s Lansdown saving platform?

Can get 2.2% on a one year fix with £50 cash back on a £50k deposit with Aldermore

I use them all the time - much easier than opening accounts with multiple banks, with all the security checks that involves...

HL rarely ever have market leading rates.

Oh I don't know about that, I've had a few over the years, often with BLME. Today they have Investec at 2.25%, same as BLME last week (though it only lasted a few days). Best 1 year that I can see elsewhere is Al Rayan at 2.26%. Close enough for me and I do find it a faff to establish yet another relationship with a new bank

redpete

Dave1979 said:

Anyone used Hargreaves’s Lansdown saving platform?

Can get 2.2% on a one year fix with £50 cash back on a £50k deposit with Aldermore

I have used them, as others have said - you can often beat their interest rates but for me the convenience of using a single platform will offset a small difference in return.

I was looking to use them as a 'savings ladder' to feed into Reg Saver account, e.g. get 3 mth, 6 mth and 9 mth fixed savers that feed into Chase when they mature and use Chase to feed monthly into the reg savers.  I've not convinced myself yet that the effort for a few quid is worth it, but I do like playing with spreadsheets.

jaypers

Just seen that Investec are doing a 1 year fixed at 2.25%…….time to open one I think.

ranciduk

This may sound like a stupid question but here goes 

I have got the shawbrook 2% 6month fixed bond

now I assumed on maturity- I would receive £1000 interest, on a balance of £50k

have I got that wrong?!

jaypers

ranciduk said:

This may sound like a stupid question but here goes 

I have got the shawbrook 2% 6month fixed bond

now I assumed on maturity- I would receive £1000 interest, on a balance of £50k

have I got that wrong?!

2% annual interest on £50k would be £1k. Over 6 months it will be £500