aju
Member of DD Central
Posts: 3,500 
Likes: 924
|
Post by aju on May 7, 2020 16:53:22 GMT
I was about to consider dumping some of my selling from Zopa into the 1 Year Fixed Rate Saver @ 1.45% fixed but sadly I was met with this message on their site.
Whilst its not as good as rates on RS and Zopa it was at least fscs protected and would have been quite a bit above others in similar markets.
|
|
|
|
Post by erniec on May 7, 2020 17:10:24 GMT
|
|
aju
Member of DD Central
Posts: 3,500
Likes: 924
|
Post by aju on May 7, 2020 17:21:24 GMT
Yeah, all rates are dropping like 9 pins in a bowling alley. Similar things happened after the banking crisis but after a while the banks realised they needed customers and up popped the newly revamped saving accounts, formerly known as current accounts!  Also just lost BT share divis for the next 2 years or so (boo hoo hoo) at least Mrs Aju still has her marcus savings account at 1.35% till august. My only saviour at the moment is I start my SP in July and I've got my fingers crossed I now stay alive long enough to profit out of the recent Class 3 Voluntaries myself and Mrs Aju have been paying for last 4 years or so. Should only need to live for 4 years more to be in profit ...  Have been locked down in our abode since mid march apart from one foray to the local postbox to post rail tickets for refund claims.
|
|
cb25
Posts: 3,528
Likes: 2,668
|
Post by cb25 on May 8, 2020 8:01:16 GMT
Yeah, all rates are dropping like 9 pins in a bowling alley. Similar things happened after the banking crisis but after a while the banks realised they needed customers and up popped the newly revamped saving accounts, formerly known as current accounts! Also just lost BT share divis for the next 2 years or so (boo hoo hoo) at least Mrs Aju still has her marcus savings account at 1.35% till august. My only saviour at the moment is I start my SP in July and I've got my fingers crossed I now stay alive long enough to profit out of the recent Class 3 Voluntaries myself and Mrs Aju have been paying for last 4 years or so. Should only need to live for 4 years more to be in profit ... Have been locked down in our abode since mid march apart from one foray to the local postbox to post rail tickets for refund claims. How about Ford Money UK which pays 1.45% for 1 year fixed term or Shawbrook Bank which pays 1.45% for 120 days notice and 1.50% for 18 month fixed term
Edit: Ford Money UK no longer offers a 1 year fixed term. Shawbrook Bank 120 days notice is now 1.2% and the 18 month fixed term is now also 1.2%
|
|
aju
Member of DD Central
Posts: 3,500
Likes: 924
|
Post by aju on May 8, 2020 10:30:11 GMT
Yeah, all rates are dropping like 9 pins in a bowling alley. Similar things happened after the banking crisis but after a while the banks realised they needed customers and up popped the newly revamped saving accounts, formerly known as current accounts! Also just lost BT share divis for the next 2 years or so (boo hoo hoo) at least Mrs Aju still has her marcus savings account at 1.35% till august. My only saviour at the moment is I start my SP in July and I've got my fingers crossed I now stay alive long enough to profit out of the recent Class 3 Voluntaries myself and Mrs Aju have been paying for last 4 years or so. Should only need to live for 4 years more to be in profit ... Have been locked down in our abode since mid march apart from one foray to the local postbox to post rail tickets for refund claims. How about Ford Money UK which pays 1.45% for 1 year fixed term or Shawbrook Bank which pays 1.45% for 120 days notice and 1.50% for 18 month fixed term Ok so I was checking out ford money at the fscs using their check-your-money-is-protected tools and tangentially it would seem that Zopa shares a license with Zopa bank and according to the fscs tool my £10 in Zopa would be protected up to 85,000!. There is a disclaimer even though its supplied by the fscs as far as I can tell What's the point of having a tool that in my view is clearly wrong according to my personal understanding but is suggesting that Zopa funds are protecting!. If the regulators can't get this stuff right then what hope have we got down the line.  Ford Money does seem to be protected though ...
|
|
macq
Member of DD Central
Posts: 1,934
Likes: 1,199
|
Post by macq on May 8, 2020 11:38:27 GMT
Both these on HL Active savings BLME 1.55% (or 1.7% for 2 year) but Sharia account so a bit different or Close Brothers 1.45% for 1 year so should be available direct as well maybe?
|
|
smee
Member of DD Central
Posts: 84 
Likes: 50
|
Post by smee on May 8, 2020 14:41:46 GMT
Zenith bank 1.53% for one year fixed plus up to £100 bonus if opened via Raisin
|
|
aju
Member of DD Central
Posts: 3,500
Likes: 924
|
Post by aju on May 8, 2020 15:06:46 GMT
Zenith bank 1.53% for one year fixed plus up to £100 bonus if opened via Raisin Is that fully covered by the fscs, looks like a nigerian bank!!! should I steer well clear of it perhaps ...
|
|
smee
Member of DD Central
Posts: 84
Likes: 50
|
Post by smee on May 8, 2020 15:16:54 GMT
No, fully covered.
|
|
|
|
Post by df on May 8, 2020 16:34:35 GMT
Yeah, all rates are dropping like 9 pins in a bowling alley. Similar things happened after the banking crisis but after a while the banks realised they needed customers and up popped the newly revamped saving accounts, formerly known as current accounts! Also just lost BT share divis for the next 2 years or so (boo hoo hoo) at least Mrs Aju still has her marcus savings account at 1.35% till august. My only saviour at the moment is I start my SP in July and I've got my fingers crossed I now stay alive long enough to profit out of the recent Class 3 Voluntaries myself and Mrs Aju have been paying for last 4 years or so. Should only need to live for 4 years more to be in profit ... Have been locked down in our abode since mid march apart from one foray to the local postbox to post rail tickets for refund claims. How about Ford Money UK which pays 1.45% for 1 year fixed term or Shawbrook Bank which pays 1.45% for 120 days notice and 1.50% for 18 month fixed term Raisin offers 1.60% 95 day notice with ICICI. It will be probably gone very soon, such offers don't stay for very long on the market. EDIT: From 15/06/20 onwards new interest rate of 1.4 AER instead of 1.6 AER.
|
|
dead-money
Rocket to the Moon
Posts: 746
Likes: 654
|
Post by dead-money on May 9, 2020 8:35:15 GMT
Investec offerings are worth a look, blink and they've changed though.
|
|
jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,807
Likes: 3,237
|
Post by jonno on May 9, 2020 9:04:51 GMT
RCI Bank is still offering 1.2% on easy access. Not great,but suddenly comparatively ok.
|
|
|
|
Post by drphil on May 9, 2020 20:10:24 GMT
Some serious concerns regarding Raisin/Zenith have recently been raised on the MSE Savings and Investments board
|
|
|
|
Post by df on May 9, 2020 21:33:22 GMT
Some serious concerns regarding Raisin/Zenith have recently been raised on the MSE Savings and Investments board Could you post the link or a summary of what the concerns are?
|
|
|
|
Post by drphil on May 10, 2020 20:21:25 GMT
|
|
Also just lost BT share divis for the next 2 years or so (boo hoo hoo) at least Mrs Aju still has her marcus savings account at 1.35% till august.
Have been locked down in our abode since mid march apart from one foray to the local postbox to post rail tickets for refund claims.
