The Top Fixed Interest Savings Discussion Area

Zaul22

Zopa are actually matching the top 1 year fix. They seem to be following Atoms strategy - focus on fixes, forget about instant access. Why do none of their accounts ever show on Moneyfacts?

dgpur

Looking like an error even more now then. But my Ahli account matures today, so I’ll see soon enough.

Doctor_Who

dgpur said:

I fear you may be right. Soon find out.

I have done a bit more digging and even my 'Matured accounts' now have different rates on the Raisin website than they do in my spreadsheet. So, unless I'm due a load of interest from previously matured accounts  , I can only conclude there is a technical error on the Raisin website and incorrect percentage figures are being displayed.

Alex9384

Anyone has experience with United Trust Bank? Are they any good?
I mean, their rates are good, but anything else to be aware of?

Alex9384

Btw, what happens when you open a new saving account, you tell them you're going to invest XX sum of money, they give you 14 days to pay in the money, but you eventually don't pay in anything? Is it considered some sort of a breach of contract or something like that?
Will you be able to open another one in the next 1-2 months (maybe with a higher rate) and they will have no problem with it? Or does it just depend on the bank? Can they refuse to open another saver because of that?

Sea_Shell

dgpur said:

Looking like an error even more now then. But my Ahli account matures today, so I’ll see soon enough.

Ah, so you haven't got your mitts on the actual cash yet 😉

RG2015

Doctor_Who said:

dgpur said:

A nice surprise to me today with a maturing account. I took out a one year fix with Ahli at 2.55%, but they are actually paying me at a rate of 5.15%! I don’t think they are sharia, so not sure why.

That's interesting. Just checked my Ahli 1 year fix with Raisin (matures in September) and it is also showing 5.15%, it was 3.5% when I took it out! My Gatehouse 1 year fix (also with Raisin) is also showing 5.15% (matures in July), it was 2.75% when I took it out! AND my Zenith, QIB, Paragon, ICICI fixes are ALL showing significantly higher rates than when I took them out. What on earth is going on?! I'm concerned that it's a technical fault with the Raisin website!

The current Raisin offered rate for Ahli, Gatehouse and Tandem is 5.15%

Doctor_Who

RG2015 said:

The current Raisin offered rate for Ahli, Gatehouse and Tandem is 5.15%

Yes, I also have 2 year QIB fixes with Raisin that mature in October 2023 and they are showing 5.45%, which is the current rate. I think their system is incorrectly applying the current interest rate to some existing fixes, but not all of them since a few accounts are showing the correct rates.

Futuristic

Futures markets now pricing in peak interest rate of 5.75% so should se fixes to continue to rise

charlie12525

Alex9384 said:

Anyone has experience with United Trust Bank? Are they any good?
I mean, their rates are good, but anything else to be aware of?

Bear in mind that UTB do not have a cooling off period on their fixed rate bonds. Once funded you are locked in.
With Vanquis, for example, you have 14 days to cancel and get a refund. Useful in times like these with increasing rates daily!