Reply With QuoteGot 4.6% fixed for 1 year with a Premier Bond, with Bank of India, £10,000 = £460 interest.
Regular saver with Halifax, 4.5% but only allowed a maximum £250 a month saving.
Plus a Santander regular monthly savings.
Hall Of Fame
Please don't let them languish in your bank account. Plenty of offers out there. I'm a safe person. But even Tesco offering nearly 4% interest. So for e. G 35k gives over 25 quid a week. Goes towards energy bills. Be daft not to. And no risk. I was getting 1% at Nat West.
The figures above are an example.
Hall Of Fame
Got 4.6% fixed for 1 year with a Premier Bond, with Bank of India, £10,000 = £460 interest.
Regular saver with Halifax, 4.5% but only allowed a maximum £250 a month saving.
Plus a Santander regular monthly savings.
Hall Of Fame
Yep high Street banks are raking it in.
Hall Of Fame
How'd you get 4.6 Eric'slad? Can only see 4.3 as best 1 year fix out there. Am going to do this buut waiting to see if the next BoE review stuffs us again but has knock on effect in bank's raising savings and will then lock in some for a year. Wish I had a good stash though!Originally Posted by Ericsladkilnhurst
Hall Of Fame
I was waiting but if rates go up before money gets in. I get higher rate. If rates come down, I can get my money back.
Fair enough.
Hall Of Fame
I checked the bank out, also Martin Lewis shoved it as a fixed savings deposit, 4.6% not on offer at the moment,
with the premier bond, with the Union Bank of India, happy I got mine in at the 4.6%.
Here's a few on offer.
........... Name .......... Interest % .... Fixed term ...... Interest paid ............ Amount £ .............. Method
Union Bank of India ---- 4.31% -------- 1 year ---- ..... Maturity ..... ------ £5,000 to £340,000 --- Online
........ Atom Bank ------- 4.35% ------- 1 year ---- Monthly or Maturity ------ £1,000 to £2m -------- Online
2 year fixed term
........ First Save -------- 4.7% ---- ---- 2 year --- Monthly, Annual, Maturity -- £1,000 to £250,000 - Online
....... Zenith Bank ------ 4.68% -------- 2 year -------- Maturity ---------------- £1,000 to £2m ------- Online
. Union Bank of India -- 4.65% -------- 2 years ------- Maturity ---------------- £5,000 to £340,000 -- Online
Don't forget the Financial Service Compensation Scheme Savings Protection is £85,000. so don't
put all your eggs in one basket.
Not forgetting you are allowed to get £1,000 interest on bank accounts etc, before getting taxed.
Plus my wife has the 5% regular savings account, maximum £500 a month, with Yorkshire Building society,
who took over Barnsley Building society, to get this you must have a account with the YBS.
The term is 12 month's.
Same with the Halifax & Santander accounts is 12 months.
Last edited by Ericsladkilnhurst; 02-12-2022 at 04:08 PM.
Hall Of Fame
Don't know why they are moaning about mortgage rates going up. Ours when we were struggling hit about 13%
Hall Of Fame
Instant access these accounts? I'm not tieing any money up. No way investing money in anything to do with the stock market. Aldermore I'm in instant access best rate of interest I've found.
Moderator
Go with Crypto - you know it makes sense!
Moderator
ELK, all well and good these interest rates but look who you may be saving with....
Union Bank of India, Atom Bank, First Save and Zenith Bank .....yeh all high street banks...no thanks!
Quite happy to have moved my savings recently from the Coventry (2%) to the Leeds (3.45%), 60 days loss of interest for an early withdrawal. Not as high the those mentioned but I know where it is and it's safe.
I thought I read recently where the HSBC were offering 5% on their savings accounts but there'll be a maximum on that.
Posting Permissions