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Post by samford71 on Sept 21, 2020 17:53:42 GMT
Given the UK 2-year Gilt yield -13bp (-0.13%) then premium bonds are good value (for us, not for the government or the taxpayer). That's the government giving you a free 1.13% tax-free. And you still complain!
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Post by bernythedolt on Sept 22, 2020 16:51:34 GMT
Some big interest rate cuts incoming including • Premium Bonds prize pool being cut to 1% (from 1.40%) • Direct Saver down to 0.15% • Income Bonds down to 0.01% • Direct ISA down to 0.10% Changes take effect from 24th November www.nsandi.com/interest-ratesIn the circumstances, a 1-year Paragon Fix at 1.30% looks a fair shout. You were right, r00lish67 , must have been over-generous because they've killed it off. "Sorry, this product is currently unavailable". It was there last night when I checked.
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dead-money
Rocket to the Moon
Posts: 746
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Post by dead-money on Sept 23, 2020 7:49:10 GMT
You were right, r00lish67 , must have been over-generous because they've killed it off. "Sorry, this product is currently unavailable". It was there last night when I checked.
Not a surprise. At all.
All the other guys were keeping their rates artificially high because big daddy NS&I was offering such decent rates, so the others were being competitive in order to give them a fighting chance.
It was a case of who blinked first.
NS&I did. Now the rest of the cards will fall.
Currently still rates over 1% on children's savings accounts and usually you can open one per parent per child. I'm going to have a quick word with the wife ;-)
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r00lish67
Member of DD Central
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Likes: 4,048
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Post by r00lish67 on Sept 23, 2020 8:14:26 GMT
Not a surprise. At all.
All the other guys were keeping their rates artificially high because big daddy NS&I was offering such decent rates, so the others were being competitive in order to give them a fighting chance.
It was a case of who blinked first.
NS&I did. Now the rest of the cards will fall.
Currently still rates over 1% on children's savings accounts and usually you can open one per parent per child. I'm going to have a quick word with the wife ;-)
Or perhaps Zopa (of all places) at 1.29% for a 1 year fix?
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macq
Member of DD Central
Posts: 1,934
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Post by macq on Sept 23, 2020 8:44:20 GMT
In the circumstances, a 1-year Paragon Fix at 1.30% looks a fair shout. You were right, r00lish67 , must have been over-generous because they've killed it off. "Sorry, this product is currently unavailable". It was there last night when I checked. The Paragon deal still seems available via HL Active savings at the moment if anybody uses them (plus 12/15/18 months with Aldermore at 1.26 to 1.31% but last day)
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Post by Ace on Sept 23, 2020 9:23:24 GMT
Not a surprise. At all.
All the other guys were keeping their rates artificially high because big daddy NS&I was offering such decent rates, so the others were being competitive in order to give them a fighting chance.
It was a case of who blinked first.
NS&I did. Now the rest of the cards will fall.
Currently still rates over 1% on children's savings accounts and usually you can open one per parent per child. I'm going to have a quick word with the wife ;-)
Not sure it's the best chat up line, but I'll give it a go... "excuse me sweetheart, but can we attempt to produce some children please? It's for the good of our finances" 
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,806
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Post by jonno on Sept 23, 2020 10:05:28 GMT
I have to say that if I referred to the wife as "sweetheart" she would at the very least call for an ambulance but more likely the police.  |
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Post by Ace on Sept 23, 2020 10:44:33 GMT
I have to say that if I referred to the wife as "sweetheart" she would at the very least call for an ambulance but more likely the police. She didn't call the police, but she did suggest I contact FundOurselves... At least I assume that's what she meant
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Nomad
Member of DD Central
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Post by Nomad on Sept 23, 2020 11:20:03 GMT
Currently still rates over 1% on children's savings accounts and usually you can open one per parent per child. I'm going to have a quick word with the wife ;-)
Not sure it's the best chat up line, but I'll give it a go... "excuse me sweetheart, but can we attempt to produce some children please? It's for the good of our finances" "The overall cost of a child up to age 18 (including rent and childcare) is £185,000 for lone parents (up 19% since 2012) and £151,000 for couples (up 5.5% since 2012)." - cpag.org.uk
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Post by carol167 on Sept 23, 2020 12:52:28 GMT
You were right, r00lish67 , must have been over-generous because they've killed it off. "Sorry, this product is currently unavailable". It was there last night when I checked. The Paragon deal still seems available via HL Active savings at the moment if anybody uses them (plus 12/15/18 months with Aldermore at 1.26 to 1.31% but last day) I've just opened an Aldermore 1 yr fixed rate account (I was already with them for easy access savings). I have 14 days to pay money into it.
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Post by df on Sept 23, 2020 13:07:45 GMT
Not a surprise. At all.
All the other guys were keeping their rates artificially high because big daddy NS&I was offering such decent rates, so the others were being competitive in order to give them a fighting chance.
It was a case of who blinked first.
NS&I did. Now the rest of the cards will fall.
Currently still rates over 1% on children's savings accounts and usually you can open one per parent per child. I'm going to have a quick word with the wife ;-) Children’s accounts seem to be the best at the moment. I’m not sure if it is still available, but recently Virgin offered 1.75% on up to 25k. Also decent orders from Halifax, Lloyds, BoS and Barclays.
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macq
Member of DD Central
Posts: 1,934
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Post by macq on Sept 23, 2020 13:23:01 GMT
The Paragon deal still seems available via HL Active savings at the moment if anybody uses them (plus 12/15/18 months with Aldermore at 1.26 to 1.31% but last day) I've just opened an Aldermore 1 yr fixed rate account (I was already with them for easy access savings). I have 14 days to pay money into it. Seems like the challenger banks are the best hope at the moment (and hopefully a bit stronger then another part of the finance/fintech market i can think of)
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Post by carol167 on Sept 23, 2020 13:25:48 GMT
I've just opened an Aldermore 1 yr fixed rate account (I was already with them for easy access savings). I have 14 days to pay money into it. Seems like the challenger banks are the best hope at the moment (and hopefully a bit stronger then another part of the finance/fintech market i can think of) Indeed. I've also just opened a Paragon 1 Yr fixed at 1.3% (I was already with them as well with both an easy access and a 3 Yr fixed @ 2.34% - those were the days).
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Post by carol167 on Sept 23, 2020 17:59:19 GMT
Too think a year ago I was getting 6.5% with lending works! But you weren't really, were you. We were all conned. They might as well have been giving us 20% for all the difference it would have made.
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,806
Likes: 3,237
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Post by jonno on Sept 24, 2020 8:25:30 GMT
I'm moving my funds from the income bond to Coventry building society double saver at 1.20%. Only allowed 2 withdrawals a year but a slight improvement on the interest rate. Well that didn't last very long did it? Down to 1.10% today 
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