aju
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Post by aju on May 14, 2020 11:18:44 GMT
It would seem that Ford Money has now pulled its 1y fixed saver @1.45%. Mrs Aju got in just in time ...
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Post by failedtheturingtest on May 14, 2020 13:27:52 GMT
I was surprised to see that on MoneySavingExpert's savings accounts league table, NS&I income bonds now take second place at 1.16%! And although NS&I premium bonds have variable returns, they are tax-free, which might make them the best short-term savings account available at the moment for taxpayers...?
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dead-money
Rocket to the Moon
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Post by dead-money on May 14, 2020 14:26:03 GMT
I was surprised to see that on MoneySavingExpert's savings accounts league table, NS&I income bonds now take second place at 1.16%! And although NS&I premium bonds have variable returns, they are tax-free, which might make them the best short-term savings account available at the moment for taxpayers...? Yep, Even more so if you are a higher or additional rate taxpayer with reduced or zero Personal Savings Allowance.
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aju
Member of DD Central
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Post by aju on May 14, 2020 15:16:26 GMT
I was surprised to see that on MoneySavingExpert's savings accounts league table, NS&I income bonds now take second place at 1.16%! And although NS&I premium bonds have variable returns, they are tax-free, which might make them the best short-term savings account available at the moment for taxpayers...? Yep, Even more so if you are a higher or additional rate taxpayer with reduced or zero Personal Savings Allowance. I'm an ordinary tax payer but fortunately Mrs Aju is not so there's little if anything in them down at these low levels. We are still getting quite a bit of interest on RS as there's no sign of mine or Mrs Aju's funds getting released sometime soon!. Zopa is not much better at moment either although in both cases we are getting quite a bit in monthly payments that are no longer relent. Only downside is that Mrs Aju is on my back everyday reminding me that I did not jump quicker. 
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cb25
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Post by cb25 on May 14, 2020 15:51:58 GMT
Just read this on the Telegraph "Just today the Debt Management Office borrowed £3.25bn in a five-year bond. Anyone buying it can expect an interest rate of around 0.04pc" (my bold)
Re Ford: I had considering parting some money there, too late!. Shawbrook Bank is still offering 1.45% on 18-month term a/c. Their 120-day notice a/c appears to have dropped from 1.45% (issue 43?, where I have some money) to 1.2% (issue 44)
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Post by df on May 17, 2020 3:55:04 GMT
Has anyone come across this highinterestsavers.com ? Sounds too good to be true  2.1% for 30 day notice and more for fixed terms. Not sure how legitimate this is, I couldn't find any info on this company. |
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agent69
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Post by agent69 on May 17, 2020 7:30:21 GMT
Has anyone come across this highinterestsavers.com ? Sounds too good to be true 2.1% for 30 day notice and more for fixed terms. Not sure how legitimate this is, I couldn't find any info on this company. Do you want to borrow my barge pole?
If you're desperate to find out MSE is probably a better place to ask.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on May 17, 2020 7:59:14 GMT
Has anyone come across this highinterestsavers.com ? Sounds too good to be true 2.1% for 30 day notice and more for fixed terms. Not sure how legitimate this is, I couldn't find any info on this company. Do you want to borrow my barge pole?
If you're desperate to find out MSE is probably a better place to ask.
They say fscs protected, but a search on www.fscs.org.uk/ came up dry.
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agent69
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Post by agent69 on May 17, 2020 8:13:18 GMT
Do you want to borrow my barge pole?
If you're desperate to find out MSE is probably a better place to ask.
They say fscs protected, but a search on www.fscs.org.uk/ came up dry. I assume they are just an introducer who will pass you onto somebody who will relieve you of your hard earned cash.
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Post by bracknellboy on May 17, 2020 8:39:48 GMT
Do you want to borrow my barge pole?
If you're desperate to find out MSE is probably a better place to ask.
They say fscs protected, but a search on www.fscs.org.uk/ came up dry. whichi suggests they ought to be reported as potentially a scam: or investing in long dated Nigerian special interest bonds...... (other non-investments also available)
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daveb
Member of DD Central
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Post by daveb on May 18, 2020 19:48:04 GMT
I love the illustrations of what your money will be worth in a year, which at present means stuff like "If you invest £1000, after a year it will be worth £1000.10"
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cb25
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Post by cb25 on May 18, 2020 20:57:04 GMT
RCI Bank is still offering 1.2% on easy access. Not great,but suddenly comparatively ok. Now down to 1.05%
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Post by dan1 on May 18, 2020 21:34:53 GMT
I assume NS&I is acting as a pseudo-floor to best buy instant access rates?
NS&I Income Bonds @ 1.16% (min holding £500, max £1mil)
NS&I Direct Saver @ 1% (max £2m)
It's difficult to understand why anything other than NS&I would be considered, at least for instant access? Is NS&I next day payment rather than instant?
Very low risk - hesitant to say risk-free given the UK's credit rating.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on May 18, 2020 22:19:28 GMT
RCI Bank is still offering 1.2% on easy access. Not great,but suddenly comparatively ok. Now down to 1.05% Yep I've got 2 weeks grace. Up my Premium Bonds to the max I think. 
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macq
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Post by macq on May 19, 2020 7:11:18 GMT
I assume NS&I is acting as a pseudo-floor to best buy instant access rates? NS&I Income Bonds @ 1.16% (min holding £500, max £1mil) NS&I Direct Saver @ 1% (max £2m) It's difficult to understand why anything other than NS&I would be considered, at least for instant access? Is NS&I next day payment rather than instant? Very low risk - hesitant to say risk-free given the UK's credit rating. Was pleased when they did as have holdings but don't forget NS&I had already announced cuts that would have been in by now but put off for an unspecified time as a so called good will gesture so may not last long They are advising that withdrawals from direct saver are taking till the end of the first banking day after the day of request via online or phone and worked for me (or 2 weeks by post due to Covid due to staff but normally quicker)
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2.1% for 30 day notice and more for fixed terms. Not sure how legitimate this is, I couldn't find any info on this company.
