The Top Fixed Interest Savings Discussion Area

Doctor_Who

refluxer said:

BooJewels said:

Everytime I think I'm settled on a plan of action with my funds that need fixing, something changes - thanks Charter.  I'm going to have to give myself a deadline and go with whatever is best at that point and then stop looking.

If you're wary of steadily rising rates and you're not doing this already, one option is to split your funds into smaller chunks and take them out at regular intervals (eg. every one or two weeks or monthly) with the best rate available at the time. That avoids 'putting all your eggs in one basket' and should spread things out a little. 

You beat me to it! That's what I do - have fixes maturing each month and just re-fix that month. If you miss the absolute top rate one month you're likely to hit it the following month. It does create a bit more admin, but it's worth it. Also means you get a 12/24 month rate, but have access to some of the money each month.

Argonauts

JGB1955 said:

jaypers said:

Charter!!!

Bu**er!  Had one of their accounts 'on hold' at 5.69% until lunchtime today.  C'est la vie - another £20K up for grabs in 3 weeks.....

Just opened two year bond annual interest says 5.69%

Messaged to find out why not 6.1%

Before depositing 

BooJewels

refluxer said:

BooJewels said:

Everytime I think I'm settled on a plan of action with my funds that need fixing, something changes - thanks Charter.  I'm going to have to give myself a deadline and go with whatever is best at that point and then stop looking.

If you're wary of steadily rising rates and you're not doing this already, one option is to split your funds into smaller chunks and take them out at regular intervals (eg. every one or two weeks or monthly) with the best rate available at the time. That avoids 'putting all your eggs in one basket' and should spread things out a little. 

It's not so much that I'm wary - things are always going to change - it's just that I make a decision, think I'll sit on it for 24 hours and inevitably one of my chosen accounts gets trumped.  I don't want it to force me to procrastinate for too long.

I've thought about laddering and have split things a little already, but as I have a lump sum to put away, there's no advantage in waiting to split it any further time-wise.  I've put more into EA than I was going to, as a fallback in case rates really increase, I've still got some in reserve if it gets too tempting.  I've a couple of fixes ending later this year and I'm sure the rates will be better than they're currently earning. 

clowning

JGB1955 said:

Just gone to the 'dark side' with an Atom 1 year FRB, monthly interest, 5.7%.  Pleasantly surprised how easy it was - apart from having to provide facial recognition .... do they know I was still in my dressing gown?  Do I care?!  Having said that, I have Starling and Marcus accounts... just seemed 'scary' trusting them with my £20K.  As a side note, Nationwide had no problems moving them money over (another of my 'angsts').  All done and dusted by breakfast time.

I have had fixed savers with Atom for years and never had a problem. I was about to reinvest some maturing funds but have just seen the Charter fix at 6% so will try for that instead

Argonauts

Charter got issues ?
got two accounts I did earlier 5.69% cancelled , opened another two yr as requested by charter and nothing appears now ??
no new account alongside existing account 
strange goings on 

clowning

I've just opened a Charter 1 year fix and sent funds. It's not showing up yet

badger09

JGB1955 said:

Just gone to the 'dark side' with an Atom 1 year FRB, monthly interest, 5.7%.  Pleasantly surprised how easy it was - apart from having to provide facial recognition .... do they know I was still in my dressing gown?  Do I care?!  Having said that, I have Starling and Marcus accounts... just seemed 'scary' trusting them with my £20K.  As a side note, Nationwide had no problems moving them money over (another of my 'angsts').  All done and dusted by breakfast time.

You do realise that you’ll have to wear that dressing gown every time you want to log in now😘

BooJewels said:

JGB1955 said:

Just gone to the 'dark side' with an Atom 1 year FRB, monthly interest, 5.7%.  Pleasantly surprised how easy it was - apart from having to provide facial recognition .... do they know I was still in my dressing gown?  Do I care?!  Having said that, I have Starling and Marcus accounts... just seemed 'scary' trusting them with my £20K.  As a side note, Nationwide had no problems moving them money over (another of my 'angsts').  All done and dusted by breakfast time.

I mentioned a couple of pages back that there was some reason why I didn't use Atom - that might have been it - I didn't have my face on.

I struggled with facial recognition on Atom app. It didn’t like me wearing my glasses, despite the fact that I was wearing them when I set it up. Problem was, when I took them off, I couldn’t see clearly enough to get my face in the right place on the screen. Now I just use fingerprint, but you can also use a passcode or voice ID. 

auser99

Kent Reliance 5.92% for 1 year, 5.94% for 2 years

Only signed in to check they'd moved me from 5.3% to 5.58% within my cooling off period, but off we go again, new 1 year opened and request to move to 5.92!

Felt a bit tightwad when requesting the initial 5.2% I'd opened be moved to 5.3% a few weeks ago, but 5.2% to 5.92% is a decent improvement now.

BooJewels

badger09 said:

JGB1955 said:

Just gone to the 'dark side' with an Atom 1 year FRB, monthly interest, 5.7%.  Pleasantly surprised how easy it was - apart from having to provide facial recognition .... do they know I was still in my dressing gown?  Do I care?!  Having said that, I have Starling and Marcus accounts... just seemed 'scary' trusting them with my £20K.  As a side note, Nationwide had no problems moving them money over (another of my 'angsts').  All done and dusted by breakfast time.

You do realise that you’ll have to wear that dressing gown every time you want to log in now😘

BooJewels said:

JGB1955 said:

Just gone to the 'dark side' with an Atom 1 year FRB, monthly interest, 5.7%.  Pleasantly surprised how easy it was - apart from having to provide facial recognition .... do they know I was still in my dressing gown?  Do I care?!  Having said that, I have Starling and Marcus accounts... just seemed 'scary' trusting them with my £20K.  As a side note, Nationwide had no problems moving them money over (another of my 'angsts').  All done and dusted by breakfast time.

I mentioned a couple of pages back that there was some reason why I didn't use Atom - that might have been it - I didn't have my face on.

I struggled with facial recognition on Atom app. It didn’t like me wearing my glasses, despite the fact that I was wearing them when I set it up. Problem was, when I took them off, I couldn’t see clearly enough to get my face in the right place on the screen. Now I just use fingerprint, but you can also use a passcode or voice ID. 

I tend to avoid apps that need a fingerprint as I have Reynauds and my fingers aren't good on a screen, so my fingerprint thing doesn't work reliably.  Hence I'm reluctant to use organisations that only have apps - I can't trust my fingers on screen devices and prefer using a computer for important stuff with money.

A._Badger

BooJewels said:

badger09 said:

JGB1955 said:

Just gone to the 'dark side' with an Atom 1 year FRB, monthly interest, 5.7%.  Pleasantly surprised how easy it was - apart from having to provide facial recognition .... do they know I was still in my dressing gown?  Do I care?!  Having said that, I have Starling and Marcus accounts... just seemed 'scary' trusting them with my £20K.  As a side note, Nationwide had no problems moving them money over (another of my 'angsts').  All done and dusted by breakfast time.

You do realise that you’ll have to wear that dressing gown every time you want to log in now😘

BooJewels said:

JGB1955 said:

Just gone to the 'dark side' with an Atom 1 year FRB, monthly interest, 5.7%.  Pleasantly surprised how easy it was - apart from having to provide facial recognition .... do they know I was still in my dressing gown?  Do I care?!  Having said that, I have Starling and Marcus accounts... just seemed 'scary' trusting them with my £20K.  As a side note, Nationwide had no problems moving them money over (another of my 'angsts').  All done and dusted by breakfast time.

I mentioned a couple of pages back that there was some reason why I didn't use Atom - that might have been it - I didn't have my face on.

I struggled with facial recognition on Atom app. It didn’t like me wearing my glasses, despite the fact that I was wearing them when I set it up. Problem was, when I took them off, I couldn’t see clearly enough to get my face in the right place on the screen. Now I just use fingerprint, but you can also use a passcode or voice ID. 

I tend to avoid apps that need a fingerprint as I have Reynauds and my fingers aren't good on a screen, so my fingerprint thing doesn't work reliably.  Hence I'm reluctant to use organisations that only have apps - I can't trust my fingers on screen devices and prefer using a computer for important stuff with money.

Likewise. In fact I refuse to use apps at all for large sums of money. What happens if your phone is broken, lost or stolen? As for voiceprints or fingerprints, they can forget it,. The security risk is ridiculously high.