📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

5% barrier breached

Options
Steve_xx
Steve_xx Posts: 6,979 Forumite
Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
edited 8 May 2023 at 12:47AM in Savings & investments

Fixed Term savings account

1 Year Fixed Term at 5.05%

Open an account with guaranteed interest rates. Your savings will be safely deposited with one of our partnering Credit Unions.

https://savings.mycommunityfinance.co.uk/savings/apply/summary-box/S-0013

Comments

  • masonic
    masonic Posts: 27,356 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Comes with a bit of a health warning, as discussed previously: https://forums.moneysavingexpert.com/discussion/6343916/my-community-bank
  • Dazed_and_C0nfused
    Dazed_and_C0nfused Posts: 17,669 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    And First Direct breached it 6 months ago, albeit for a more limited customer group and amount.
  • ZeroSum
    ZeroSum Posts: 1,201 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    And First Direct breached it 6 months ago, albeit for a more limited customer group and amount.
    Well if you're including regular savers, I'm 7.5 months into the lloyds one at 5.25%
  • Steve_xx
    Steve_xx Posts: 6,979 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 8 May 2023 at 11:00AM
    ZeroSum said:
    And First Direct breached it 6 months ago, albeit for a more limited customer group and amount.
    Well if you're including regular savers, I'm 7.5 months into the lloyds one at 5.25%
    Please stay on topic. This is a fixed term product, not a regular saver. We don't want a long list on here of regular saver 5% breaches!
  • surreysaver
    surreysaver Posts: 4,835 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Steve_xx said:
    ZeroSum said:
    And First Direct breached it 6 months ago, albeit for a more limited customer group and amount.
    Well if you're including regular savers, I'm 7.5 months into the lloyds one at 5.25%
    Please stay on topic. This is a fixed term product, not a regular saver. We don't want a long list on here of regular saver 5% breaches!
    It said nothing about fixed term in the thread title. I thought this thread was about all accounts paying above 5%
    I consider myself to be a male feminist. Is that allowed?
  • Reg_Smeeton
    Reg_Smeeton Posts: 186 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    My (rather modest) cash savings have hit a weighted average interest of 5.04% this month, held across a combination of easy access, fixed term and regular savings accounts. 

    This time last year it was barely 1%
    Save £12k in 2020 #42 £12,551.25 / £14,000 89.65%
  • ZeroSum
    ZeroSum Posts: 1,201 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Steve_xx said:
    ZeroSum said:
    And First Direct breached it 6 months ago, albeit for a more limited customer group and amount.
    Well if you're including regular savers, I'm 7.5 months into the lloyds one at 5.25%
    Please stay on topic. This is a fixed term product, not a regular saver. We don't want a long list on here of regular saver 5% breaches!
    Why you having a go at me, when it was the post above that brought it up 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.3K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.