The Top Fixed Interest Savings Discussion Area

wmb194

Primrose said:

Not wishing to derail the topic of this thread & I don't envisage Barclays ever being the top quartile but des anybody think it reasonable that they,re closing the accounts of expatriates?

How can one  take a short term beneficial career period abroad to broaden one,s exprience if you have no UK bank account for your temporary house  rental or essential savings  needs?

You cannot blame the banks, they‘re just operating within the law and the bank licensing rules. These days HSBC seems to have the broadest range of overseas bank licences so if you plan to live abroad but keep an account here I’d suggest going with that bank.

Or you can do what I did when I lived abroad: I used my parents’ address and didn't tell any of my banks, building societies or stockbrokers. Keeping my UK mobile number was important in that as well.

Shedman

Beddie said:

subjecttocontract said:

How did Andrew Bailey get selected for that job ? Are they really, really saying that he was the 'best' candidate available ? I watched him on TV yesterday at midday and it can't be his media presentation abilities that won his selection.....his performance was dismal.

He was at the FCA and did a very poor job there too. I think he is seen by the govt. as someone they can easily blame for any crisis, as he's not got any charisma or impact. Useful idiot is the common phrase.

I'd volunteer to be a useful idiot on his salary....

Pompeydave1967

Just looking at recent events and I’m fixing up with tandem at 5.85% 5 years. Taking advantage of it now before it’s axed. 

refluxer

Pompeydave1967 said:

Just looking at recent events and I’m fixing up with tandem at 5.85% 5 years. Taking advantage of it now before it’s axed. 

If you don't necessarily need the interest as income, just be aware that you can't have the interest paid into the account when going direct with Tandem. You might be able to bypass this when going via Raisin though, judging by their entry on Moneyfacts at least.

If you wanted the interest paid into the account and didn't want to use Raisin, then choosing an account with a lower rate will generate more interest overall. For example - fixing for 5 years with Cynergy at 5.75% would give an average return of 6.45% PA over the 5 years. Quite a difference !

Pompeydave1967

Thanks refluxer , good advice as always.

alternate

I am surprised Raisin is still showing Tandem at 5.85 since they emailed this on Friday.  Looks like you can still apply but you might have only 5 working days to fund it.

We're contacting you because Tandem Bank is changing the rate of one of their savings accounts (product code: TAN005) from 5.85% AER to 5.65% AER on 25.9.2023.

Personally I prefer interest paid away as it makes the tax return easier.  You are only losing out if you don't reinvest that money somewhere else and assume rates are going to be worse.

bristolleedsfan

			l
12 Month Fixed Term Deposit	£5,000	6.12%

Alrayan Bank-

Pompeydave1967

I like atom and have a few fixed terms maturing soon but their rates are very poor across the range 1-5 years , a shame as I would have def used them again .
Also easy access dire .
I assume they have plenty of customers cash now if these rates are anything to go by.

ua8

bristolleedsfan said:

			l
12 Month Fixed Term Deposit	£5,000	6.12%

Alrayan Bank-

thanks I might open that and wait it out 60 days incase we get drops during that time and can decide

Please note: If you do not fund your FTD within 60 days of your application, you will need to make a new application to open an FTD and will receive the expected profit rate which applies at that time.

metrobus

Pompeydave1967 said:

I like atom and have a few fixed terms maturing soon but their rates are very poor across the range 1-5 years , a shame as I would have def used them again .
Also easy access dire .
I assume they have plenty of customers cash now if these rates are anything to go by.

I agree they have a large chunk of my cash all of which will be withdrawn on maturity