The Top Fixed Interest Savings Discussion Area

marycanary

Hi,

I'm looking for a 6 month fixed for £5k I won't need until April.  Habib Bank Zurich plc have such a product at 5.75%. Has anyone had experience, good or bad with this bank? 

Thanks

MC

Nath4n

Hello,

I am looking for a good 1 year fix that allows additional deposits after the initial deposit. I've noticed that a lot of fixes stipulate that the initial deposit needs to be done in the first 7-14 days after which additional deposits are not allowed.

It appears that the Streambank 1 year fix 6.1% doesn't appear to have any such stipulations on additional deposits after an initial deposit of min £1,000, just checking in to see if anyone that has this account can chime in on if I'm missing anything?

Much appreciated.

FindingBBob

Nath4n said:

Hello,

I am looking for a good 1 year fix that allows additional deposits after the initial deposit. I've noticed that a lot of fixes stipulate that the initial deposit needs to be done in the first 7-14 days after which additional deposits are not allowed.

It appears that the Streambank 1 year fix 6.1% doesn't appear to have any such stipulations on additional deposits after an initial deposit of min £1,000, just checking in to see if anyone that has this account can chime in on if I'm missing anything?

Much appreciated.

Most will allow additional deposits after the initial deposit - I use Ford Moneyu and they do. You just cant add more after their stated funding period. I deposited 4 or 5 times in to my Ford account before the 21 days were up. 

refluxer

Nath4n said:

I am looking for a good 1 year fix that allows additional deposits after the initial deposit. I've noticed that a lot of fixes stipulate that the initial deposit needs to be done in the first 7-14 days after which additional deposits are not allowed.

I'm not familiar with all of the banks at the top of the 1 year fixed rate table at the moment but, as mentioned above, that isn't actually typical for fixed rate savings accounts in general. Most banks allow unlimited deposits within a certain funding window (typically 1-4 weeks) - it's only a small number (that I'm aware of at least) that insist on a one-off deposit.

soulsaver

Nath4n said:

Hello,

I am looking for a good 1 year fix that allows additional deposits after the initial deposit. I've noticed that a lot of fixes stipulate that the initial deposit needs to be done in the first 7-14 days after which additional deposits are not allowed.

It appears that the Streambank 1 year fix 6.1% doesn't appear to have any such stipulations on additional deposits after an initial deposit of min £1,000, just checking in to see if anyone that has this account can chime in on if I'm missing anything?

Much appreciated.

From Streambank Terms:

Paying money into your StreamBank savings account:
.....  If your account has a funding window, for example 14 days for a fixed term account, the account opening process must be completed and all deposits received within this period. If your account is not open and/or we don’t receive your initial deposit within this time, then your account will be closed and you’ll need to reapply to open a new account.

jaypers

Just for info, if you’re an existing Charter Savings customer their 18 Month Fixed Account is still available, paying 5.95%. You need to be logged in to see it.

refluxer

jaypers said:

Just for info, if you’re an existing Charter Savings customer their 18 Month Fixed Account is still available, paying 5.95%. You need to be logged in to see it.

I wish that banks would list withdrawn accounts as 'existing customer only' if they're still available to existing customers, alongside the accounts that are available to all. I check rates quite regularly but rarely go to the trouble of logging in to each bank to do so. They also won't feature in the comparison sites too presumably, so could be easily missed.

Futuristic

Seems like Allica have massively reduced their fixed rates. 24M was like 5.6% now 4.85%! 12M I think was 5.75% now 5.19%

refluxer

Since I checked yesterday, Smartsave, Charter, Monument, Aldermore and Shawbrook have dropped some or all of their fixed rates - even the longer-term (3-5 year) fixes, in some cases. Paragon have also re-introduced their previously withdrawn accounts at lower rates than were on offer previously.

The top rates for each yearly category remain the same however so some banks are still holding firm, for now at least. 

bompey

It now looks as though NS&I have dropped their 6.2% Guaranteed Growth Bond 1 yr fixed. Let’s see what they replace it with.