From Ing to Where?

terrierlady

now the rate has dropped where is the best bet for a good rate for a regular saver?

Chadsman

If you have children and you are willing to pay in your child benefit direct to the account Coventry BS have a family 1st account paying 7.25% on that money and 5.25% on the rest, account can be operated over the net.
Otherwise Scarborough BS has a regular saver offering 6%, Derbyshire BS 5.85%, Yorkshire BS 5.85%.
All available via post.
There are also a few banks offering around 7% fixed for a year for £50 per month, try Halifax, Abbey, HSBC(maybe), Dudley BS.

System

I am using the money i have in ING to feed a couple of Halifax high interest saving accounts. Once i have emptied the account i dont suppose i will have any further use for it as its paying around the same sort of interest as my bank online savers.

terrierlady

thanks for replies, my sisters problem ? is that she has over £60k sitting still. she doesnt need the money in a rush as far as I can see so i wondered any other ideas?

YorkshireBoy

terrierlady wrote:

thanks for replies, my sisters problem ? is that she has over £60k sitting still. she doesnt need the money in a rush as far as I can see so i wondered any other ideas?

If you move this kind of money around (at over £6 a day interest, and 2 transfers involved), the lost interest is likely to be around £50 for a basic rate tax-payer.

Just make sure you put it somewhere that has already cut it's rate!

I have a similar dilemma, but I'm not moving mine until I see what happens following this weeks MPC meeting.

jb478914

you could always stick it in fixed rate bonds, do this before thursday though!

I think HSBC are doing up to 4.75% fixed but there are better ones around