Sainsburys Internet Saver down to 5.75% today

sloughflint

Am I being silly here? Isn't this still a reasonable rate for instant access ( if you bank with HBOS also) and you don't want to keep your eggs in one basket? People are mentioning fixed rates, but those either offer no access at all or a penalty. They were likely to follow BOE movements, weren't they so completely expected?

Stavros_3

If you don't need to touch the cash then fixed rate is the answer. I'm closing my Sainsburys and banging 20k into the B and B 6 month fixed, will look at whats available after

bristolleedsfan

sloughflint wrote: »

Am I being silly here? Isn't this still a reasonable rate for instant access ( if you bank with HBOS also) and you don't want to keep your eggs in one basket? People are mentioning fixed rates, but those either offer no access at all or a penalty. They were likely to follow BOE movements, weren't they so completely expected?

+ Most other Variable rate accounts that havent been reduced in response to the last base rate decrease will be having their rates reduced around 1st March if not before.

jem16

sloughflint wrote: »

Am I being silly here? Isn't this still a reasonable rate for instant access ( if you bank with HBOS also) and you don't want to keep your eggs in one basket? People are mentioning fixed rates, but those either offer no access at all or a penalty. They were likely to follow BOE movements, weren't they so completely expected?

Yes I agree. Halifax web saver is at 5.01% so it's still very much better. Yes i could get a fixed rate for more but i don't want a fixed rate with no access.

bristolleedsfan

jem16 wrote: »

Yes I agree. Halifax web saver is at 5.01% so it's still very much better. Yes i could get a fixed rate for more but i don't want a fixed rate with no access.

http://www.northernrock.co.uk/savings/fixed-rate-access-bonds/

jem16

bristolleedsfan wrote: »

http://www.northernrock.co.uk/savings/fixed-rate-access-bonds/

Perhaps I should rephrase that to instant access.

Lavendyr

Kaupthing Edge instant access = 6.5%
ICICI instant access = 6.41%
B&B instant access = 6.4%
The AA = 6.25%
Icesave instant access = 6.05%

Compared to these, 5.75% isn't all that great.

munk

Just a heads up to anyone thinking about moving over/applying for Kaupthing Edge's savings account - they require an original bank statement from the last 3 months so if you have an internet only current account that charges for original statements to be sent out be careful!

Only just found this out after I'd completed the application fully and put down my A&L premier current account as the linked account - £5 for original statements to be sent out

Lavendyr

They will also accept a void cheque.

YorkshireBoy

munk wrote: »

...they require an original bank statement from the last 3 months...

Not in all cases though...only if they are unable to electronically verify you.

http://www.kaupthingedge.co.uk/Includes/PDF/tandcs.pdf
See condition 7.2.2 (buried deep within a full 27 pages of T&C's...is there any wonder people don't read them!)