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Post by overthehill on May 7, 2024 20:01:49 GMT
Best rates 8may2024.
17apr2024. mar2023->mar2024. CPIH=3.8% (no change), CPI=3.2% (0.2% down). Next release 22may2024
09may2024. BoE base rate=5.25% (no change). Next meeting 20jun2024
Min. Deposit <=10k. Max Deposit >=85k. Apply Online / App only. ISA transfer IN allowed.
AER = Annual Effective Rate.
Type | AER %
| Sharia AER %
| via Raisin AER % *
| Sharia via Raisin AER % *
| via Flagstone AER % *
| easy access, unlimited
| oxbury 5.02 ~, close bros 5.0, ulster bank 5.2 !
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| bank of london 5.02
| notice (<=45 days)
| shawbrook 5.16
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| |
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| notice (<=90 days)
| investec 5.25
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| QIB UK 5.2
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| 6 month
| atom, allica 5.25
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| |
| | 1 year
| smartsave 5.18
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| QIB UK 5.15
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| 2 year
| smartsave 4.96
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| 3 year
| birmingham 4.73
| | zenith 4.7
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| 5 year
| shawbrook 4.57
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| |
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| easy access ISA, flex, unlimited
| chip 5.1 #
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| easy access ISA, no flex, 3 withdraws pa
| plum 5.17 £
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| 1 year ISA
| shawbrook, oaknorth 4.72, virgin 5.05 ^
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| 2 year ISA
| shawbrook, oaknorth 4.63
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| 3 year ISA
| shawbrook 4.41
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| 5 year ISA
| shawbrook 4.07
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* possible cashback
^ existing customer only.
+ min £500 withdrawals.
# ISA transfer IN not allowed. £ lower rate on ISA transfer IN
~ min 20k deposit.
> 13 months
! not listed on MSE and lower rate for <5k
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zlb
Member of DD Central
Posts: 1,414
Likes: 332
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Post by zlb on May 9, 2024 12:59:29 GMT
Santander dropping to 4.2% seems a little premature in context of bank rate not changing? Maybe they don't need the funds? Or there is no longer need for competition...
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,022
Likes: 591
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Post by dave4 on May 9, 2024 14:36:02 GMT
Moneybox cash isa 5.16% 12months
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Post by overthehill on May 9, 2024 14:38:33 GMT
Santander dropping to 4.2% seems a little premature in context of bank rate not changing? Maybe they don't need the funds? Or there is no longer need for competition...
I'll be withdrawing my money soon...
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benaj
Member of DD Central
Posts: 4,911
Likes: 1,613
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Post by benaj on May 9, 2024 16:42:31 GMT
Moneybox cash isa 5.16% 12months Is that fixed rate cash ISA? My bonus rate expires in January (12 months). I opened in February and current rate on the app showing 5.19% after bonus rate applied.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,022
Likes: 591
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Post by dave4 on May 9, 2024 18:23:47 GMT
Blurb "You’ll earn 5.16%* AER (variable) on balances of £500 or more, which includes a bonus rate of 0.91% for your first 12 months. A lower rate of 0.75% AER (variable) applies if certain account conditions aren’t met. You can read these in-app before you open a Cash ISA."
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Post by df on May 9, 2024 19:09:21 GMT
Santander dropping to 4.2% seems a little premature in context of bank rate not changing? Maybe they don't need the funds? Or there is no longer need for competition... Clearly don't need cash at that price anymore and no longer need for competition. I'm pretty sure that there will be many passive savers who will still keep their cash at 4.2% in this account.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,022
Likes: 591
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Post by dave4 on May 13, 2024 11:56:49 GMT
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69m
Member of DD Central
Posts: 119
Likes: 206
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Post by 69m on May 13, 2024 14:14:05 GMT
Interesting that Prosper is introducing a tracker product (0.55% gross above BoE base rate, less a 0.2% fee) just as the base rate is likely to reduce. Indeed, as the article says, "Savers should bear in mind that the base rate is predicted to fall and if cuts do arrive, the pay rate on the account will fall too. Base rate would need to see two 0.25 percentage point cuts for the Prosper deal to fall to the level of the top one-year fixed rates."
Not really sure why anybody would want to be locked into this for 365 days, unless they're convinced that the base rate drop will be extremely slow and gradual.
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benaj
Member of DD Central
Posts: 4,911
Likes: 1,613
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Post by benaj on May 16, 2024 12:14:18 GMT
Who are Plum?? not seen them before. EA cash ISA 5.15% It's one of the app based "money management" platforms, similar to Moneybox and Chip. I have easy access savings account with Plum, I used it for direct debit needed to get one of the bank switch bounces. Savings products they offer are powered by other banks. Plum has never offered any better rates than I already have with other providers (including their recent ISA offer). I opened a plum account earlier this month. I didn’t expect Plum can get naughty 😈. Even without signing up the ultra plan without “naughty rule” activated. The “brain” sucks money automatically via direct debit like Chip’s 1st incarnation. Could someone confirm money in the Plum’s pocket can be transferred to plum different account? Meanwhile, I have to set automatic to OFF
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Post by overthehill on May 17, 2024 13:15:35 GMT
Best rates 17may2024.
17apr2024. mar2023->mar2024. CPIH=3.8% (no change), CPI=3.2% (0.2% down). Next release 22may2024
09may2024. BoE base rate=5.25% (no change). Next meeting 20jun2024
Min. Deposit <=10k. Max Deposit >=85k. Apply Online / App only. ISA transfer IN allowed.
AER = Annual Effective Rate.
Type | AER %
| Sharia AER %
| via Raisin AER % *
| Sharia via Raisin AER % *
| via Flagstone AER % *
| via HL AER % *
| easy access, unlimited
| oxbury 5.02 ~, close bros 5.0, ulster bank 5.2 !
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| easy access, 2 withdraws pa
| paragon 5.05
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| notice (<=45 days)
| monument 5.2 =
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| notice (<=90 days)
| oxbury 5.32
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| 3 month
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| Mizrahi-Tefahot 5.22
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| 6 month
| cynergy 5.12
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| | al rayan 5.05
| | charter savings 5.16
| 1 year
| habib 5.21
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| al rayan 5.2
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| 2 year
| df capital 5.07
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| close bros 5.95
| 3 year
| birmingham 4.73
| | zenith 4.7
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| 5 year
| birmingham 4.58
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| |
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| close bros 4.55
| easy access ISA, flex, unlimited
| chip 5.1 #
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| easy access ISA, no flex, 3 withdraws pa
| plum 5.17 £
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| easy access ISA, flex, 2 withdraws pa
| paragon 4.95
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| 1 year ISA
| united trust, oaknorth 4.73, virgin 5.05 ^
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| 2 year ISA
| oaknorth 4.61
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| 3 year ISA
| shawbrook 4.41
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| 5 year ISA
| shawbrook 4.07
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* possible cashback
^ existing customer only.
+ min £500 withdrawals.
# ISA transfer IN not allowed. £ lower rate on ISA transfer IN
~ min 20k deposit = min 25k deposit
> 13 months
! not listed on MSE and lower rate for <5k
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mah
Member of DD Central
Posts: 331
Likes: 368
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Post by mah on May 18, 2024 11:22:12 GMT
Interesting that Prosper is introducing a tracker product (0.55% gross above BoE base rate, less a 0.2% fee) just as the base rate is likely to reduce. Indeed, as the article says, "Savers should bear in mind that the base rate is predicted to fall and if cuts do arrive, the pay rate on the account will fall too. Base rate would need to see two 0.25 percentage point cuts for the Prosper deal to fall to the level of the top one-year fixed rates."
Not really sure why anybody would want to be locked into this for 365 days, unless they're convinced that the base rate drop will be extremely slow and gradual.
Although the name states 'Tracker', does it mention that it'll be a guaranteed rate above the Base rate ? Or can they pull people in and lock them for 1 year and then simply reduce it ?
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angrysaveruk
Member of DD Central
Back and to the left..
Posts: 1,036
Likes: 655
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Post by angrysaveruk on May 18, 2024 13:05:38 GMT
For people looking for higher returns than bank deposits there are some very good yields on corporate bonds with Blue Chips atm. Way Lower Risk than P2P IMO, I consider my corporate bond holdings pretty low risk and offer a yield of 8% on average (way lower risk than my P2P portfolio in the golden era of P2P 2010-2017 - RIP).
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p2pfan
Member of DD Central
Full-Time Investor
Posts: 749
Likes: 840
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Post by p2pfan on May 18, 2024 13:14:45 GMT
For people looking for higher returns than bank deposits there are some very good yields on corporate bonds with Blue Chips atm. Way Lower Risk than P2P IMO, I consider my corporate bond holdings pretty low risk and offer a yield of 8% on average (way lower risk than my P2P portfolio in the golden era of P2P 2010-2017 - RIP). Thank you for the heads up. If there were yields of 8% for a moderate risk then that seems fair. Such corporate bonds are what I know relatively little about. Where can we find out more about these investments? Any links and/or suggestions please?
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angrysaveruk
Member of DD Central
Back and to the left..
Posts: 1,036
Likes: 655
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Post by angrysaveruk on May 18, 2024 14:37:58 GMT
For people looking for higher returns than bank deposits there are some very good yields on corporate bonds with Blue Chips atm. Way Lower Risk than P2P IMO, I consider my corporate bond holdings pretty low risk and offer a yield of 8% on average (way lower risk than my P2P portfolio in the golden era of P2P 2010-2017 - RIP). Thank you for the heads up. If there were yields of 8% for a moderate risk then that seems fair. Such corporate bonds are what I know relatively little about. Where can we find out more about these investments? Any links and/or suggestions please?
I buy them through my stock broker who also provide a pretty good guide: www.ig.com/uk/bonds/what-are-corporate-bonds-how-to-buy . You can buy individual bonds - which I prefer since it is more fun or you can buy through ETFs. There is obviously risk involved but alot less than P2P in my opinion, alot of the time you are lending to highstreet names not some dude on the internet no one has heard of.
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