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Kroo dropping interest rates (change in calculation) from November



Pondering alternatives to store cash - I want a monthly payment of interest so any linked easy-access saver would have to do that. I am not looking to switch my main account.
Nationwide FlexDirect looks interesting as I could pay in the £1000 fine and wouldn't have much more than £1500 in there for long anyway. It would also potentially be useful for the possible fair share payment as I was looking to open one anyway.
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
Comments
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Nationwide are also running a switch incentive if that helps tips things in their favour: https://forums.moneysavingexpert.com/discussion/6556372/175-nationwide-switch-incentive-starting-25-09-2024/p1
Plenty of other options if you search on moneyfacts, and you can filter by monthly interest too
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PRAISETHESUN said:Nationwide are also running a switch incentive if that helps tips things in their favour: https://forums.moneysavingexpert.com/discussion/6556372/175-nationwide-switch-incentive-starting-25-09-2024/p1
Plenty of other options if you search on moneyfacts, and you can filter by monthly interest tooSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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FlexDirect interest drops to 1% after a year so only a short term thing.
Kroo is my "funding" account. I keep a few K in there to bounce through various other accounts and to feed regular savers. I top it up a couple of times per year. The new rate is just about acceptable to me. The alternative is to manually shift money in and out of savings accounts each month and I'm too lazy to do that for the small gain it would give me. However, if the difference gets larger I may rethink things.
I really like Kroo though. It's just so fuss-free and the app is good to use. It just fits my needs really well atm.0 -
boingy said:FlexDirect interest drops to 1% after a year so only a short term thing.
Kroo is my "funding" account. I keep a few K in there to bounce through various other accounts and to feed regular savers. I top it up a couple of times per year. The new rate is just about acceptable to me. The alternative is to manually shift money in and out of savings accounts each month and I'm too lazy to do that for the small gain it would give me. However, if the difference gets larger I may rethink things.
I really like Kroo though. It's just so fuss-free and the app is good to use. It just fits my needs really well atm.Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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