The Top Fixed Interest Savings Discussion Area

subjecttocontract

It doesn't look remotely tempting to me. There are other better paying accounts around and I'm not an IoM resident.

t1redmonkey

jimexbox said:

Anyone used Conister Bank?

No, but I remember reading an article on them early 2023 on thisismoney: https://www.thisismoney.co.uk/money/saving/article-12011477/Conister-Bank-offers-5-3-fixed-rate-savings-account-catch.html

At the time they didn't have FSCS protection, only Isle of Man's Depositors' Compensation Scheme protection.

However looks like they got FSCS accredited at the end of last year: https://www.conisterbank.co.uk/news-insight/2024/conister-the-new-to-market-bank-that-isn-t-new-at-all-with-decades-of-experience-behind-it/

refluxer

subjecttocontract said:

It doesn't look remotely tempting to me. There are other better paying accounts around and I'm not an IoM resident.

As mentioned above, you need to go to the .co.uk site to get accounts that are available to UK residents. 

While the rates for other durations are poor, their 5% one year fixed rate is the best currently available.

https://www.conisterbank.co.uk/deposit-accounts/fixed-term-deposit-account/

subjecttocontract

refluxer said:

subjecttocontract said:

It doesn't look remotely tempting to me. There are other better paying accounts around and I'm not an IoM resident.

As mentioned above, you need to go to the .co.uk site to get accounts that are available to UK residents. 

While the rates for other durations are poor, their 5% one year fixed rate is the best currently available.

https://www.conisterbank.co.uk/deposit-accounts/fixed-term-deposit-account/

Best they offer now is 4.52% available from 18th October.

slinger2

Skipton are offering a 1 year save more member bond at 4.60% AER. £500 minimum. Can pay in until 27 November 2024. Can't transfer from existing Skipton accounts.

Patr100

My RCI  2 year fixed is maturing in 14 days. Rather annoyingly , at that point , they aren't offering a direct transfer out to my nominated account
but various not that competitive fixed options or their easy access account if I do nothing. From there I would then have to move it out  which would further delay moving on to a better offer elsewhere.
Then I will be looking for the best options for monthly income from the interest.

Rheumatoid

Patr100 said:

My RCI  2 year fixed is maturing in 14 days. Rather annoyingly , at that point , they aren't offering a direct transfer out to my nominated account
but various not that competitive fixed options or their easy access account if I do nothing. From there I would then have to move it out  which would further delay moving on to a better offer elsewhere.
Then I will be looking for the best options for monthly income from the interest.

What fixed options are being offered?

refluxer

Patr100 said:

My RCI  2 year fixed is maturing in 14 days. Rather annoyingly , at that point , they aren't offering a direct transfer out to my nominated account
but various not that competitive fixed options or their easy access account if I do nothing. From there I would then have to move it out  which would further delay moving on to a better offer elsewhere.
Then I will be looking for the best options for monthly income from the interest.

You'd like to think that the transfer into easy access would be on the day of maturity, in which case I would imagine that you'd be able to withdraw the funds on the same day or the next day at the latest ?

Savings Champion have a handy list of the best 1-5 year fixed rate monthly income accounts here : https://savingschampion.co.uk/best-buys/personal/monthly-income-accounts

moi

Rheumatoid said:

Patr100 said:

My RCI  2 year fixed is maturing in 14 days. Rather annoyingly , at that point , they aren't offering a direct transfer out to my nominated account
but various not that competitive fixed options or their easy access account if I do nothing. From there I would then have to move it out  which would further delay moving on to a better offer elsewhere.
Then I will be looking for the best options for monthly income from the interest.

What fixed options are being offered?

My RCI 2 year fix matures imminnetly, too.

Their maturity offers are here:
 

Patr100

Rheumatoid said:

Patr100 said:

My RCI  2 year fixed is maturing in 14 days. Rather annoyingly , at that point , they aren't offering a direct transfer out to my nominated account
but various not that competitive fixed options or their easy access account if I do nothing. From there I would then have to move it out  which would further delay moving on to a better offer elsewhere.
Then I will be looking for the best options for monthly income from the interest.

What fixed options are being offered?

I will be moving from a 2 year 4.75% - 
Their easy access is not the best and I think I can do better elsewhere if I want fixed or notice
I am assuming they have already factored in another possible BoE rate cut in a couple of weeks time.
They are offering me:

Freedom Savings
Interest rate:4.51% Gross* 4.60% AER**

FIXED TERM - 1 YEAR

Interest rate:4.22% Gross* 4.30% AER**

FIXED TERM - 18 MONTH

Interest rate:4.31% Gross* 4.40% AER**

FIXED TERM 2 YEAR

Interest rate:4.31% Gross* 4.40% AER**

FIXED TERM - 30 MONTH

Interest rate:4.41% Gross* 4.50% AER**

FIXED TERM 3 YEAR

Interest rate:4.41% Gross* 4.50% AER**

FIXED TERM 4 YEAR

Interest rate:3.74% Gross* 3.80% AER**

FIXED TERM 5 YEAR

Interest rate:3.74% Gross* 3.80% AER**

E-Volve 14 Day Notice Account

Interest rate:4.55% Gross* 4.65% AER**

95 DAY NOTICE ACCOUNT

Interest rate:4.84% Gross* 4.95% AER**