General Discussion and Whimsical Banter

ircE

I've noticed NS&I quietly raised the interest rate on their easy access Direct Saver to 4%. Not sure what this does to the wider market other than raise the floor of expectations for the interest rates paid on larger sums, thanks to the 100% Government guarantee.

Bridlington1

Buckinghamshire BS are reducing their savings rates from 1/7/24:

Bridlington1

BOE base rate held at 5.25% once more. As with last time 7 voted to hold at 5.25%, 2 voted for a cut to 5%.

badger09

Bridlington1 said:

BOE base rate held at 5.25% once more. As with last time 7 voted to hold at 5.25%, 2 voted for a cut to 5%.

Not surprising in view of the latest inflation figures & the imminent General Election.  

mebu60

1st August next BoE base rate meeting, 4 weeks after the GE. 

nottsphil

wiseonesomeofthetime said:

pokemaster said:

Isn't that Club Lloyds?

It's funny how their radio advert highlights the Disney+ perk, but fails anywhere in the voiceover to indicate that it is the basic "standard with ads" £4.99 package, which does not allow downloads.

I shall not be renewing this "perk' in October, and shall end up paying for the package I require again.

See then if it is worth still being a Club Lloyds member.

It's worth it purely for the 6.25% monthly saver @ £400 pm. It's fixed, and interest rates aren't on the way up.

wiseonesomeofthetime

nottsphil said:

wiseonesomeofthetime said:

pokemaster said:

Isn't that Club Lloyds?

It's funny how their radio advert highlights the Disney+ perk, but fails anywhere in the voiceover to indicate that it is the basic "standard with ads" £4.99 package, which does not allow downloads.

I shall not be renewing this "perk' in October, and shall end up paying for the package I require again.

See then if it is worth still being a Club Lloyds member.

It's worth it purely for the 6.25% monthly saver @ £400 pm. It's fixed, and interest rates aren't on the way up.

Only if you have money to fund that regular saver.

My available money is going into regular savers at a higher rate than that though.

I have 3 @ 7% and 2 now @ 8%, albeit only two of the five are at fixed rates.

dealyboy

@wiseonesomeofthetime said:

nottsphil said:

wiseonesomeofthetime said:

pokemaster said:

Isn't that Club Lloyds?

It's funny how their radio advert highlights the Disney+ perk, but fails anywhere in the voiceover to indicate that it is the basic "standard with ads" £4.99 package, which does not allow downloads.

I shall not be renewing this "perk' in October, and shall end up paying for the package I require again.

See then if it is worth still being a Club Lloyds member.

It's worth it purely for the 6.25% monthly saver @ £400 pm. It's fixed, and interest rates aren't on the way up.

Only if you have money to fund that regular saver.

...

... indeed! ... something not often mentioned.

I will reach my funding limit in August and will have to rebalance my regular savers. I'll need to look at their interest rates, fixed vs. variable (noting some variables imply no changes) and minimum funding levels, I'll probably end up closing some.

I would say I'm pretty average for MSE savers with 10 RSs and £16k in them, now requiring about £2k per month at maximum. As a state pensioner I obviously don't have the income to support that.

wiseonesomeofthetime

I currently have 9, carrying a fair bit of money, and now my ISA allowance is fed, have little left for RS.

Newly_retired

I am borrowing from Peter to pay Paul, but at least the RS rates are higher than my source.