carolus
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Post by carolus on Aug 29, 2018 12:23:05 GMT
Hi folks just found this thread. If you are just looking for small return risk free then there are a few ways with little or no investment 1 open a spare current account switch it every year M&S pays £120 to switch then £5 a month first direct £100+ and £125 if you transfer within the year. Unfortunately I don't think the information about First Direct is correct anymore. They stopped the cash bonus a few months ago, and are currently offering a choice of various things (mostly things like headphones, speakers, or expedia gift cards). The stuff they're offering is still valuable, but not really as simple as just getting cash.
Beyond the £125+60 gift voucher from M&S, the only cash bonuses remaining at the moment are Nationwide (£100 with a referral) and Halifax (£75). The whole area seems to have slowed down in the last six months or so, sadly. Here's hoping it picks up again soon.
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Aug 29, 2018 15:02:05 GMT
Hi folks just found this thread. If you are just looking for small return risk free then there are a few ways with little or no investment 1 open a spare current account switch it every year M&S pays £120 to switch then £5 a month first direct £100+ and £125 if you transfer within the year. Unfortunately I don't think the information about First Direct is correct anymore. They stopped the cash bonus a few months ago, and are currently offering a choice of various things (mostly things like headphones, speakers, or expedia gift cards). The stuff they're offering is still valuable, but not really as simple as just getting cash.
Beyond the £125+60 gift voucher from M&S, the only cash bonuses remaining at the moment are Nationwide (£100 with a referral) and Halifax (£75). The whole area seems to have slowed down in the last six months or so, sadly. Here's hoping it picks up again soon.
Hi the main thread was 7% return so you only need to get £70 . First direct still pay £100 if you leave within the year + gift As you say nationwide also has 5% interest up to £2500. There are lots of little ways to make lot of small amounts which add up. Remember never buy buy anything without checking Quidco and Topcashback and ukhotdeals .you should always have a voucher or discount code. A keen eye in Asda is also good. They regularly miss price items and give you £2 gift voucher + corrected price. It can sometimes take them days to correct. I.ve had 8 in las 6 weeks without trying. Ferengi rules of acquisition apply a profit is a profit.
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Post by MrHappyGoLucky on Sept 4, 2018 8:50:34 GMT
Anyone opt-in the new Raisin Starling Account? This will effectively open a transaction account in Starling Bank for you. All existing/new customers need to opt-in this to use their upcoming new portal.
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djpix99
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Post by djpix99 on Sept 4, 2018 9:25:40 GMT
I'm probably just going to let my account run and withdraw as I already bank with www.youandb.co.uk so don't really need another digital bank in my life.
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Post by MrHappyGoLucky on Sept 4, 2018 9:46:23 GMT
I am thinking the same. I don't see any need to opt-in until I need to open another their saving account.
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amwinv
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Post by amwinv on Sept 11, 2018 18:43:33 GMT
Anyone opt-in the new Raisin Starling Account? This will effectively open a transaction account in Starling Bank for you. All existing/new customers need to opt-in this to use their upcoming new portal. I was just ignoring their emails about this cos I don't really care what version of the platform I'm on. But now I've just had another email, offering me £10 if I opt in. Why are they so desperate? What am I missing here?
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Post by dan1 on Jun 19, 2019 13:02:01 GMT
I guess I wasn't alone in taking advantage of this offer just over a year ago. I invested £1k in a 1 year fixed term at 2.00% to gain the £50 cashback. Anyway, the anniversary of my deposit was on 12th June but the fixed term only began on 15th yet it matured on 17th and I've just been told it can take up to 4 business days to hit my Raisin account, i.e. 21st June. Assuming the transfer back to my current account is done by faster payments my cash will have been earning no interest for 9 days in this age of digital banking and faster payments. If the transfer is done by BACS then that 9 days will probably turn into 13/14 days! They won't be seeing anymore of my cash, unless there's more cashback
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agent69
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Post by agent69 on Jun 19, 2019 14:21:57 GMT
in this age of digital banking and faster payments. Tell me about it.
I could never work out why my employer could pay my salary into my bank account on the last day of every month, but my pension contributions took 3 weeks to arrive.
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r00lish67
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Post by r00lish67 on Jun 19, 2019 14:42:13 GMT
I guess I wasn't alone in taking advantage of this offer just over a year ago. I invested £1k in a 1 year fixed term at 2.00% to gain the £50 cashback. Anyway, the anniversary of my deposit was on 12th June but the fixed term only began on 15th yet it matured on 17th and I've just been told it can take up to 4 business days to hit my Raisin account, i.e. 21st June. Assuming the transfer back to my current account is done by faster payments my cash will have been earning no interest for 9 days in this age of digital banking and faster payments. If the transfer is done by BACS then that 9 days will probably turn into 13/14 days! They won't be seeing anymore of my cash, unless there's more cashback Yep same here. I complained about it and they came back with a rather petulant (almost literal) " ..and we won't be changing our position". They did however acknowledge eventually that just perhaps they should be explaining more clearly that in their special 'totally fine' case a maturity date is not really a maturity date, rather than burying the information in their T's and C's. ..and yes, I totally agree, they won't be seeing more of my cash either. I still also have doubts as to potential difficulties with FSCS because of all the intermediation in the event of real problems.
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stevio
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Post by stevio on Jun 19, 2019 19:11:13 GMT
I guess I wasn't alone in taking advantage of this offer just over a year ago. I invested £1k in a 1 year fixed term at 2.00% to gain the £50 cashback. Anyway, the anniversary of my deposit was on 12th June but the fixed term only began on 15th yet it matured on 17th and I've just been told it can take up to 4 business days to hit my Raisin account, i.e. 21st June. Assuming the transfer back to my current account is done by faster payments my cash will have been earning no interest for 9 days in this age of digital banking and faster payments. If the transfer is done by BACS then that 9 days will probably turn into 13/14 days! They won't be seeing anymore of my cash, unless there's more cashback Yep same here. I complained about it and they came back with a rather petulant (almost literal) " ..and we won't be changing our position". They did however acknowledge eventually that just perhaps they should be explaining more clearly that in their special 'totally fine' case a maturity date is not really a maturity date, rather than burying the information in their T's and C's. ..and yes, I totally agree, they won't be seeing more of my cash either. I still also have doubts as to potential difficulties with FSCS because of all the intermediation in the event of real problems. If not them, what other bank accounts are you both using to place cash at the highest rates?
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r00lish67
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Post by r00lish67 on Jun 19, 2019 20:01:33 GMT
Yep same here. I complained about it and they came back with a rather petulant (almost literal) " ..and we won't be changing our position". They did however acknowledge eventually that just perhaps they should be explaining more clearly that in their special 'totally fine' case a maturity date is not really a maturity date, rather than burying the information in their T's and C's. ..and yes, I totally agree, they won't be seeing more of my cash either. I still also have doubts as to potential difficulties with FSCS because of all the intermediation in the event of real problems. If not them, what other bank accounts are you both using to place cash at the highest rates? Just the usual MSE source: www.moneysavingexpert.com/savings/savings-accounts-best-interest/#fixedsavingsHappy to go direct with any of the challenger banks that appear at the top, usually for 1-year/2-year fixes at about 2-2.3%. Edit: obvs these are savings accounts rather than bank accounts. With the downgrading of Tesco the other day, i think there are hardly any high-rate bank accounts left
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stevio
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Post by stevio on Jun 19, 2019 20:49:47 GMT
If not them, what other bank accounts are you both using to place cash at the highest rates? Just the usual MSE source: www.moneysavingexpert.com/savings/savings-accounts-best-interest/#fixedsavingsHappy to go direct with any of the challenger banks that appear at the top, usually for 1-year/2-year fixes at about 2-2.3%. Edit: obvs these are savings accounts rather than bank accounts. With the downgrading of Tesco the other day, i think there are hardly any high-rate bank accounts left Yeah I'm doing every RS I can find, but still only around 2% average
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Post by dan1 on Jun 19, 2019 21:33:23 GMT
Just the usual MSE source: www.moneysavingexpert.com/savings/savings-accounts-best-interest/#fixedsavingsHappy to go direct with any of the challenger banks that appear at the top, usually for 1-year/2-year fixes at about 2-2.3%. Edit: obvs these are savings accounts rather than bank accounts. With the downgrading of Tesco the other day, i think there are hardly any high-rate bank accounts left Yeah I'm doing every RS I can find, but still only around 2% average To maximise rates without tying your money in to long terms then don't overlook the following (if you have the time & inclination): - high interest current accounts (TSB @ 3% on £1.5k) - regular savers - cashback (last time I looked Aldermore and The AA were offering £15 on TCB) - locals only accounts - branch based accounts - spouses accounts - child accounts (available to grandparents too. e.g. Barclays 1.87% on up to £1m) - existing accounts (I'm jealous of df - see here) - NS&I (tax free accounts, if available) You're basically after loss leaders and enough of them to make it worth the effort. Don't fall in to the trap of taking excessive risks just because you think you're "losing money" to the headline rate of inflation. I had a good whinge about Raisin but I'd do it all again for 6.9% return
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carolus
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Post by carolus on Jun 19, 2019 23:04:09 GMT
Currently for me it's whichever the highest rate easy-access saver is (i.e. Marcus at 1.5%). I also have the FD Regular Saver at 5%, and a nationwide one which is maturing soon and ha been closed for new accounts anyway.
Only other thing is the Bank switching bonuses - HSBC and Natwest/RBS both have nice big ones at the moment.
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Post by df on Jun 21, 2019 13:20:35 GMT
Currently for me it's whichever the highest rate easy-access saver is (i.e. Marcus at 1.5%). I also have the FD Regular Saver at 5%, and a nationwide one which is maturing soon and ha been closed for new accounts anyway.
Only other thing is the Bank switching bonuses - HSBC and Natwest/RBS both have nice big ones at the moment.
For those who are interested in regular savers. Virgin is regularly releasing new issues. It is worth checking at the end of each month. I wasn't really on the ball with this. I had issue 12 (matures next month) then noticed that there is issue 16, went to the branch to open it and had an informal advice to check Virgin website monthly as they are releasing new issues from time to time but they don't send any notifications to existing customers. So I've checked at he end of May and now also have issue 17. It's 3% and the usual £250 per month allowance. The downside is that you have to go to the branch to open it (ancient building society style with pass book). Works for me as I live only 2 miles away from Virgin branch, but no good for those who hasn't.
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