Was going to go with Newcastle B/S but

moomi

see the rate is dropping nearer the end of the month for their netsaver. Think it was or is currently 6.43% gross (yearly)

Any other suggestions please? approx £25k to go somewhere (after Isa allowance used up)- also sufggestions for best rate there too!

Will we get better interest leaving £25k in one account or spreading it around a few places- e.g 1 savings account & drip feeding max of £500 a month into Yorkshire B/S 6.85% gross

Milarky

moomi wrote: »

see the rate is dropping nearer the end of the month for their netsaver. Think it was or is currently 6.43% gross (yearly)

How do you know this before it has happened (rates are currently unchanged) at Newcastle BS (though I would expect a reduction soon)?

moomi

i read it on another post somewhere here today.

Froglet

Just noticed on moneyfacts - http://www.moneyfacts.co.uk/savings/...-accounts.aspx

rate down to 6.13% from 24th Jan

from thread below this one about the account

Jonbvn

If you are a tax-payer then index linked saving certs seem like a good idea for several reasons:

1. Tax-free - means that the net rate of the certs beats nearly all NET saving a/c rates (assuming you are a tax-payer).
2. Interest rates on normal savings accounts likely to fall in line with BofE rate.
3. RPI likely to increase giving higher return on the savings certs.

You have to tie your money up for a min of 1 yr to get any return.

moomi

that'd be ok as its not really planned to be used for anything except to help it grow. can i find out about best rates? if they are tax free am i right in comparing the rates to a net rate on a savings account?