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Post by df on Jun 21, 2024 15:43:56 GMT
Likewise, I still have access to those 5.2% accounts. But it’s interesting to learn one family member can’t get the account opened because the saving balance was already over eligible limit before 2nd May. It’s weird I can open one because that’s I didn’t save with Chase much around the qualifying period. Likewise, I was able to open new 5.1% saver but my Mrs couldn't because her balance was always above £500. She said it's not fair and forgot about it, but I suspect many account holders complained and that's probably why they made it available to everyone.
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Post by df on Jun 21, 2024 16:08:24 GMT
I have been going through my saving accounts to see if there are any changes worth making, I find I can still get 5% instant access (some have limited number of withdrawals) from account not available for new customers and 5.1% from Chase but the app does not work on my Phone even though it works on another phone with the same version of Android. Most of the new regular savings accounts I found that I do not have pay in the 5.25% - 5.75% range, already have First Direct at 7% and Nationwide Flex Regular Saver at 6.5%. However Principality have a 6 Month Regular Saver at 8% AER for £200 pm. Coop regular saver is 8% No, it's 7%. Still a good place to park £250 a month. I deposit into all 5.5%-8% regular savers available to me, currently £8175 a month.
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Post by brightspark on Jun 21, 2024 16:49:37 GMT
The Principality offering would require a new investor to set up an account with all the fiddling about that goes with it - proving ones identity etc etc. Then each month for 6 months the requisite £200 has to be made available. This generates a total £28 gain as opposed to a few pennies less if the money had been left in another account probably earning a tad over 4% at the moment. Is it worth the hassle I ask myself?
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benaj
Member of DD Central
Posts: 5,308
Likes: 1,675
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Post by benaj on Jun 21, 2024 16:58:25 GMT
The Principality offering would require a new investor to set up an account with all the fiddling about that goes with it - proving ones identity etc etc. Then each month for 6 months the requisite £200 has to be made available. This generates a total £28 gain as opposed to a few pennies less if the money had been left in another account probably earning a tad over 4% at the moment. Is it worth the hassle I ask myself? May be not just for this special 6 months regular saver. However, that's harm opening a simple account like Web Saver for joining the Principality BS membership and wait for other new account offerings. Opening new accounts for exisiting customers do not require identifying customer all the times when opening new accounts like YBS for a selection of customers, I only learnt that recently one family member requires identification every times opening new accounts from YBS.
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Post by df on Jun 21, 2024 22:11:07 GMT
The Principality offering would require a new investor to set up an account with all the fiddling about that goes with it - proving ones identity etc etc. Then each month for 6 months the requisite £200 has to be made available. This generates a total £28 gain as opposed to a few pennies less if the money had been left in another account probably earning a tad over 4% at the moment. Is it worth the hassle I ask myself? As an existing customer, it took me less than 1 minute to open the account. Then I spent another minute to fund it and because the payee is now set up it will take me about 3 more minutes to make the other 5 subsequent deposits. £28 for 5 minutes of work is worth the hassle for me.
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Post by df on Jun 21, 2024 22:22:04 GMT
The Principality offering would require a new investor to set up an account with all the fiddling about that goes with it - proving ones identity etc etc. Then each month for 6 months the requisite £200 has to be made available. This generates a total £28 gain as opposed to a few pennies less if the money had been left in another account probably earning a tad over 4% at the moment. Is it worth the hassle I ask myself? May be not just for this special 6 months regular saver. However, that's harm opening a simple account like Web Saver for joining the Principality BS membership and wait for other new account offerings. Opening new accounts for exisiting customers do not require identifying customer all the times when opening new accounts like YBS for a selection of customers, I only learnt that recently one family member requires identification every times opening new accounts from YBS. I've opened many YBS accounts. First time was a couple of decades ago in branch, had to show my passport and driving licence, but since YBS went online opening new accounts are instant.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,038
Likes: 594
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Post by dave4 on Jun 22, 2024 17:59:24 GMT
No, it's 7%. Still a good place to park £250 a month. I deposit into all 5.5%-8% regular savers available to me, currently £8175 a month. My oppsie
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benaj
Member of DD Central
Posts: 5,308
Likes: 1,675
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Post by benaj on Jun 24, 2024 7:25:54 GMT
Well, IIRC, YBS only asked me once for identification documents for first account opening, then everything goes smoothly for me without identification.
Just curious why YBS makes it harder for a small number of customers.
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Post by df on Jun 25, 2024 8:30:44 GMT
Well, IIRC, YBS only asked me once for identification documents for first account opening, then everything goes smoothly for me without identification. Just curious why YBS makes it harder for a small number of customers. I'm not sure about YBS, but I experienced this problem with other providers. If you close the account and have no other accounts with them you get deleted from their system and have to go through ID process again if you want to open new account with them.
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Post by mostlywrong on Jun 27, 2024 11:30:07 GMT
As in previous months, I note that Interactive Investor is participating in the current T-bill auction.
The Treasury (via the DMO) is offering both a 3 month and a 6 month tranche that will yield roughly 5% pa pro rata.
The capital gain is treated as income.
No other broker in my circle of competence is offering this auction.
MW
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Post by overthehill on Jun 30, 2024 14:43:55 GMT
Best rates 30jun2024.
19jun2024. may2023->may2024. CPIH=2.8% (down 0.2%), CPI=2.0% (0.3% down). Next release 17jul2024
20jun2024. BoE base rate=5.25% (no change). Next meeting 1aug2024
Min. Deposit <=10k. Max Deposit >=85k. Apply Online / App only. ISA transfer IN allowed.
AER = Annual Effective Rate.
Type | AER %
| via Raisin AER % *
| via Flagstone AER % *
| via HL AER % *
| easy access, unlimited
| chase 5.1 /, ulster 5.2 !
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| | allica 4.72
| notice (<=45 days)
| monument 5.2 =
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| notice (<=90 days)
| vanquis 5.35
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| 3 month
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| emirates NBD 4.99 $
| 6 month
| oxbury, cynergy 5.22
| | | | 1 year
| smartsave 5.24 | Mizrahi-Tefahot 5.25 $
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| 18 month
| nationwide 5.5% ^
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| 2 year
| vanquis 5.06
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| 3 year
| united trust, cynergy 4.81
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| 5 year
| united trust 4.6
| |
| | easy access ISA, flex, unlimited
| <trading 212> 5.2
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| easy access ISA, no flex, 3 withdraws pa
| <plum> 5.17 £
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| 1 year ISA
| cynergy 4.94, virgin 5.05 ^
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| 2 year ISA
| cynergy 4.68
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| 3 year ISA
| principality BS 4.6
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| 5 year ISA
| principality BS 4.25
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<> these are not banks, read the MSE additional information by clicking on its link
* possible cashback
^ existing customer only.
/ must open current account
+ min £500 withdrawals.
# ISA transfer IN not allowed. £ lower rate on ISA transfer IN
~ min 20k deposit = min 25k deposit
! not listed on MSE and lower rate for <5k $ sharia
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Post by overthehill on Jul 11, 2024 20:17:15 GMT
Best rates 11jul2024.
17jul2024. jun2023->jun2024. CPIH=2.8% (no change), CPI=2.0% (no change). Next release 14aug2024
20jun2024. BoE base rate=5.25% (no change). Next meeting 1aug2024
Min. Deposit <=10k. Max Deposit >=85k. Apply Online / App only. ISA transfer IN allowed.
AER = Annual Effective Rate.
Type | AER %
| via Raisin AER % *
| via Flagstone AER % *
| via HL AER % *
| easy access, unlimited
| chase 5.1 /, ulster 5.2 !
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| |
| notice (<=45 days)
| monument 5.2 =
| |
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| notice (<=95 days)
| oaknorth 5.37
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| 3 month
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| Mizrahi-Tefahot 5.22 $
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| 6 month
| cynergy 5.18
| | | | 1 year
| smartsave 5.21 | Mizrahi-Tefahot 5.25 $
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| 18 month
| nationwide 5.5% ^
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| 2 year
| close bros 5.06
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| 3 year
| hodge, birmingham 4.81
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| 5 year
| birmingham 4.61
| |
| | easy access ISA, flex, unlimited
| <trading 212> 5.2
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| easy access ISA, no flex, 3 withdraws pa
| <plum> 5.17 £
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| 1 year ISA
| kent reliance, castle trust, close bros 4.94, virgin 5.05 ^
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| 2 year ISA
| beehive money 4.7
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| 3 year ISA
| principality BS 4.6
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| 5 year ISA
| principality BS 4.25
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<> these are not banks, read the MSE additional information by clicking on its link
* possible cashback
^ existing customer only.
/ must open current account
+ min £500 withdrawals.
# ISA transfer IN not allowed. £ lower rate on ISA transfer IN
~ min 20k deposit = min 25k deposit
! must open current account and hard credit check.
$ sharia
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Post by drphil on Jul 15, 2024 20:57:58 GMT
Wednesday 17th is last day you can open the 5.1% saver
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,029
Likes: 1,855
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Post by littleoldlady on Jul 23, 2024 15:31:25 GMT
Made a small test withdrawal from my Trading212 ISA on 12/7, received on 16/7, which incudes a weekend.
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Post by overthehill on Jul 24, 2024 13:30:51 GMT
Best rates 24jul2024.
17jul2024. jun2023->jun2024. CPIH=2.8% (no change), CPI=2.0% (no change). Next release 14aug2024
01aug2024. BoE base rate=5.0% (0.25% drop). Next meeting 19sep2024
Min. Deposit <=10k. Max Deposit >=85k. Apply Online / App only. ISA transfer IN allowed.
AER = Annual Effective Rate.
Type | AER %
| via Raisin AER % *
| via Flagstone AER % *
| via HL AER % *
| easy access, unlimited
| ulster 5.2 ! , oxbury 5.04 = , cynergy 4.94
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| |
| notice (<=45 days)
| monument 5.2 =
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| notice (<=95 days)
| oaknorth 5.37
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| 3 month
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| Mizrahi-Tefahot 5.22 $
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| 6 month
| beehive 5.22
| isbank 5.24 $
| isbank 5.24 $ | | 1 year
| cynergy 5.16 | GB 5.26
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| 2 year
| RCI, cynergy 5.0
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| 3 year
| RCI 4.76
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| 5 year
| shawbrook 4.57
| |
| | easy access ISA, flex, unlimited
| <trading 212> 5.2
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| easy access ISA, no flex, 3 withdraws pa
| <plum> 5.17 £
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| 1 year ISA
| UBL UK 4.95, virgin 5.05 ^
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| 2 year ISA
| UBL UK 4.71
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| 3 year ISA
| cynergy, close bros, united trust 4.55
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| 5 year ISA
| UBL UK 4.26
| |
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<> these are not banks, read the MSE additional information by clicking on its link
* possible cashback
^ existing customer only.
/ must open current account
+ min £500 withdrawals.
# ISA transfer IN not allowed. £ lower rate on ISA transfer IN
~ min 20k deposit = min 25k deposit
! must open current account and hard credit check.
$ sharia
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