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Post by elljay on Nov 15, 2013 15:15:26 GMT
Anyone spotted anything good recently? Now the Post Office has been sold off are Nationwide current accounts at 5% still the best thing available?
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Nov 15, 2013 15:31:27 GMT
Nationwide won't tempt me with a one year deal. Lloyds give me 3% on up to £5000 current account not restricted to one year - it's been on for ages.
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Post by brummiefred on Nov 15, 2013 16:27:11 GMT
+1 but I have two Vantage accounts and about to open yet another if I can find enough DD's to spread around !!
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Post by elljay on Nov 16, 2013 7:51:23 GMT
Got Vantage; got a 1st Direct Regular Saver; got a Halifax current account; got a Santander 123 current account; got a Santander 123 credit card...  |
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Post by elljay on Nov 16, 2013 12:25:42 GMT
Letter just received: Dear elljay, ... as you hold more than one FlexDirect account, the 5% AER interest rate only applies to account xxx. For your other accounts, we'll change the interest rate to 1.00% gross p.a. (variable) 2 months from the date of this letter. ...we're pleased to let you know that any interest already received ... won't be deducted...Boo, hiss!  |
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spyrogyra
Member of DD Central
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Post by spyrogyra on Nov 16, 2013 21:29:51 GMT
How about :HSBC reg saver, 1st direct reg saver, N&P reg saver, Kent Relaince reg saver, Nationwide 5%,Lloyds Vantage 3%,Santander 123,Nottingham BS 4% ISA. |
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mikeb
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Post by mikeb on Nov 16, 2013 22:07:39 GMT
There will be much wailing and gnashing of teeth over at MoneySavingExpert, quite a lot of people have multiples of that account even though the T&C says that the 5% is only on the first one. For some reason, everyone's been getting full whack on ALL of tham -- I believe you can hold 4 of that account? True MSErs will also have 4 in the spouse's name, 4 in the dog's name ... 
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Post by elljay on Nov 17, 2013 9:28:34 GMT
How about :HSBC reg saver, 1st direct reg saver, N&P reg saver, Kent Relaince reg saver, Nationwide 5%,Lloyds Vantage 3%,Santander 123,Nottingham BS 4% ISA. Regular savers R Us!
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Post by elljay on Nov 17, 2013 9:30:12 GMT
I believe you can hold 4 of that account? True MSErs will also have 4 in the spouse's name, 4 in the dog's name ... Not sure there's a limit - thought I read somewhere someone had five! 
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mikeb
Posts: 1,072
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Post by mikeb on Nov 17, 2013 19:53:11 GMT
Not sure there's a limit - thought I read somewhere someone had five! Oh yes, the T&C's are being hashed over now ... limit of 4, and the bonus is on the first one only. People gaming the system/pushing their luck [delete as appropriate] are now getting the clampdown letters.
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Post by buggerthebanks on Dec 31, 2013 17:27:10 GMT
Apologies if this is slightly OT (although it fits the thread title), but what do the investment portfolios of other members look like? For example, I'm about 50% P2P, 35% ISAs & 15% stocks (I've used percentages as I'm sure members won't want to quote actual figures). FTR, I think I'm a relatively small player here (particularly when you see the money some people shovel into Thin Cats loans) but I've just started buying gold: am I the only one alarmed by reading the BoE's "Resolving Globally Active, Systemically Important, Financial Institutions"
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Post by yorkshireman on Dec 31, 2013 18:45:45 GMT
Apologies if this is slightly OT (although it fits the thread title), but what do the investment portfolios of other members look like? For example, I'm about 50% P2P, 35% ISAs & 15% stocks (I've used percentages as I'm sure members won't want to quote actual figures). FTR, I think I'm a relatively small player here (particularly when you see the money some people shovel into Thin Cats loans) but I've just started buying gold: am I the only one alarmed by reading the BoE's "Resolving Globally Active, Systemically Important, Financial Institutions"
The case for gold is still sound:
1. QE infinity in the US regardless of Bernanke’s “taper” and further rounds of money printing in the UK will cause inflation to rise significantly eventually.
2. Oceans of debt sloshing around. Governments and central banks cannot continue to “kick the can further down the road” indefinitely, there has to be a day of reckoning sooner or later.
3. Creating a further housing boom as the UK government seems intent on doing will exacerbate this country’s economic woes.
4. The Euro’s problems have not been resolved.
5. The Middle East is still a tinderbox regardless of the recent “deal” with Iran.
In my book, any one of these is sufficient reason for holding 5 - 8% of gold in a portfolio simply as insurance.
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Post by uncletone on Dec 31, 2013 18:49:18 GMT
Apologies if this is slightly OT (although it fits the thread title), but what do the investment portfolios of other members look like? For example, I'm about 50% P2P, 35% ISAs & 15% stocks (I've used percentages as I'm sure members won't want to quote actual figures). FTR, I think I'm a relatively small player here (particularly when you see the money some people shovel into Thin Cats loans) but I've just started buying gold: am I the only one alarmed by reading the BoE's "Resolving Globally Active, Systemically Important, Financial Institutions"
I've had a quick scan, and am somewhat alarmed that i might not live long enough to comprehend it. 
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Post by buggerthebanks on Dec 31, 2013 20:13:57 GMT
In short, they can perform a Cyprus-style cash-grab. The FSCS still exists but this gets around that on the technicality that they confiscate your savings "to avoid" a bank going bust & therefore not having to call on the FSCS. This was passed in December 2012 (in conjunction with the FDIC): why haven't the mainstream media (& our MPs) made this clear to us? Think I already know the answer to that...
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jimbo
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Post by jimbo on Jan 1, 2014 11:01:52 GMT
This is a subject close to my own heart. I have ended up in a Gold-related discussion on the "Winter Pruning" thread, and my last post covers some very pertinent information on this subject. I'm therefore linking to it here: p2pindependentforum.com/post/2586/threadJust wondering if we should start a new thread on Quantitative Easing/Market Distortions caused by Central Bank Policy..? (Question for my fellow moderators) One reason I suspect many people have found their way into P2P/P2B lending is because of the lousy saving rates available on cash deposits at banks. This is a direct result of the grand QE Monetary Experiment in which we are all living and being forced to contend with. I think it is important to remember and be aware of this, as one of the signs that it's all starting to go horribly wrong will be when Western Central Bankers begin to lose credibility with the markets. We're not quite there yet, but with the "taper capers" theme that took place in the Spring/Summer/Autumn of 2013, I think we're getting closer. Mutual identification/awareness of the likely inflection point could potentially be beneficial for our own investment decisions and those of others. |
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