Savings interest rate thread

[Pit Pony]

bmwmike said:

supersport said:

We had all our banking information, account numbers and password in a password manager that we both had access to, so that should the worse happen the other would be able to access everything.

There is also a basic list of institutions kept with a copy of the will, which is updated when they change.

Which password manager out of interest please?

What's your password to password manager?

[Legacywr]

7 5 7 said:

It's (5.2%) on univested cash, they are hoping you would use on the platform, only came across it as I dabble on there myself with a S&S ISA - probably more a teaser incentive to get more custom and probably won't last.

So, let me get this clear, I put my money into the investment account, but I don’t make any investments, just get the interest on the balance?

[Funk]

Legacywr said:

So, let me get this clear, I put my money into the investment account, but I don’t make any investments, just get the interest on the balance?

There is a Cash ISA option as well as a S&S ISA option. If you just want the interest on the money with no risk, put the money in the Cash ISA.

Edited by Funk on Friday 14th June 19:22

[Saleen836]

Trading212 appear to have spent a small fortune on advertising, have seen their advert twice now during prime time tv today

[Ari]

NerveAgent said:

NickZ24 said:

no bank is a safe investment.
IMHO there is no safe investment really.
Safer is to buy land, have Gold, germs.

Which germs do you recommend? My 1 year old is investing heavily in these at nursery.

Imagine how much you'd have made if you'd invested in Covid back in early 2019, before everyone got into it.

[the tribester]

7 5 7 said:

Luckily enough managed to get the CHASE (5.1%) which I am happy with until it expires in November.

Trading 212 do (5.2%), and Wealthily do a (4.9%) - all easy access accounts.

My Chase 5.1% expires 16th Jan 2025.

[bmwmike]

Getting around 5.3 on a money market fund via vanguard if anyone likes a punt

[Funk]

Nice to see the T212 Cash ISA ticking up daily - £2.80/day tax-free!

[Buttery Ken]

Maybe off-topic for this thread, but you all seem knowledged on this type of thing.

For some reason, and I can't remember why, I have a Freetrade account that I pay £6 a month for. It's a stocks and shares ISA, and because I don't really follow the markets the value of my investments has tanked. When I kicked it off I bought some tech shares (the main one then had a data breach which killed their share price!), but I've sold all those and put everything in Greggs! (Only talking a few hundred quid here).

I get dividends now and then. Usually about 50p.

I'm wasting my money aren't I, unless I proactively manage this? Feels like I should just close the account and either put the money in a standard ISA, or just in to my Santander which is currently around 4%

I think I've answered my own question so feel free to mock me.

[supersport]

Buttery Ken said:

Maybe off-topic for this thread, but you all seem knowledged on this type of thing.

For some reason, and I can't remember why, I have a Freetrade account that I pay £6 a month for. It's a stocks and shares ISA, and because I don't really follow the markets the value of my investments has tanked. When I kicked it off I bought some tech shares (the main one then had a data breach which killed their share price!), but I've sold all those and put everything in Greggs! (Only talking a few hundred quid here).

I get dividends now and then. Usually about 50p.

I'm wasting my money aren't I, unless I proactively manage this? Feels like I should just close the account and either put the money in a standard ISA, or just in to my Santander which is currently around 4%

I think I've answered my own question so feel free to mock me.

I think you've got the wrong thread, you want this one https://www.pistonheads.com/gassing/topic.asp?h=0&...

[Buttery Ken]

supersport said:

Buttery Ken said:

Maybe off-topic for this thread, but you all seem knowledged on this type of thing.

For some reason, and I can't remember why, I have a Freetrade account that I pay £6 a month for. It's a stocks and shares ISA, and because I don't really follow the markets the value of my investments has tanked. When I kicked it off I bought some tech shares (the main one then had a data breach which killed their share price!), but I've sold all those and put everything in Greggs! (Only talking a few hundred quid here).

I get dividends now and then. Usually about 50p.

I'm wasting my money aren't I, unless I proactively manage this? Feels like I should just close the account and either put the money in a standard ISA, or just in to my Santander which is currently around 4%

I think I've answered my own question so feel free to mock me.

I think you've got the wrong thread, you want this one https://www.pistonheads.com/gassing/topic.asp?h=0&...

I'm all in on Greggs because I like their chicken slices. That's the level of consideration I gave it.

[asfault]

Buttery Ken said:

supersport said:

Buttery Ken said:

Maybe off-topic for this thread, but you all seem knowledged on this type of thing.

For some reason, and I can't remember why, I have a Freetrade account that I pay £6 a month for. It's a stocks and shares ISA, and because I don't really follow the markets the value of my investments has tanked. When I kicked it off I bought some tech shares (the main one then had a data breach which killed their share price!), but I've sold all those and put everything in Greggs! (Only talking a few hundred quid here).

I get dividends now and then. Usually about 50p.

I'm wasting my money aren't I, unless I proactively manage this? Feels like I should just close the account and either put the money in a standard ISA, or just in to my Santander which is currently around 4%

I think I've answered my own question so feel free to mock me.

I think you've got the wrong thread, you want this one https://www.pistonheads.com/gassing/topic.asp?h=0&...

I'm all in on Greggs because I like their chicken slices. That's the level of consideration I gave it.

I used to get a Greggs all the time but now their products are never hot. just about cold most of the time so dont bother,

[Seventyseven7]

Just got this message from HL

Paragon has decided to decrease the rate on Easy Access Savings Account Issue 5 from 17 July 2024

New rate
4.50% AER*

Previous rate
4.75% AER*

Date of change
17 July 2024

[Buttery Ken]

asfault said:

Buttery Ken said:

supersport said:

Buttery Ken said:

Maybe off-topic for this thread, but you all seem knowledged on this type of thing.

For some reason, and I can't remember why, I have a Freetrade account that I pay £6 a month for. It's a stocks and shares ISA, and because I don't really follow the markets the value of my investments has tanked. When I kicked it off I bought some tech shares (the main one then had a data breach which killed their share price!), but I've sold all those and put everything in Greggs! (Only talking a few hundred quid here).

I get dividends now and then. Usually about 50p.

I'm wasting my money aren't I, unless I proactively manage this? Feels like I should just close the account and either put the money in a standard ISA, or just in to my Santander which is currently around 4%

I think I've answered my own question so feel free to mock me.

I think you've got the wrong thread, you want this one https://www.pistonheads.com/gassing/topic.asp?h=0&...

I'm all in on Greggs because I like their chicken slices. That's the level of consideration I gave it.

I used to get a Greggs all the time but now their products are never hot. just about cold most of the time so dont bother,

It's all about timing. They are not permitted to reheat them, so you need to time it when they're just out of the oven. Admittedly a cold chicken slice is pretty vile.

[981Boxess]

Teatowell said:

1st cut to happen in August and then two further 25bps cuts in 2024 to take rate to 4.50% by the end of the year.

We use a particular economics/data provider that in my view is far too dovish. I would tend to agree with the market and see September as the first potential cut, maybe even later depending on what happens with election and so on.

Looking at FRBs currently on offer the going rates in round numbers are as follows:

1yr - 5.25
2yr - 5.06
3yr - 4.81
4yr - 4.35
5yr - 4.60

Could you shed any light why the 4 year FRBs are always out of step with 1,2,3 & 5 year FRBs, this is not just now, it has been like this for some time now - any idea why?

[ferret50]

981Boxess said:

Teatowell said:

1st cut to happen in August and then two further 25bps cuts in 2024 to take rate to 4.50% by the end of the year.

We use a particular economics/data provider that in my view is far too dovish. I would tend to agree with the market and see September as the first potential cut, maybe even later depending on what happens with election and so on.

Looking at FRBs currently on offer the going rates in round numbers are as follows:

1yr - 5.25
2yr - 5.06
3yr - 4.81
4yr - 4.35
5yr - 4.60

Could you shed any light why the 4 year FRBs are always out of step with 1,2,3 & 5 year FRBs, this is not just now, it has been like this for some time now - any idea why?

Who are those FRB's with, please?

[981Boxess]

ferret50 said:

Who are those FRB's with, please?

All different providers, but average going rates for each term.

[Teatowell]

981Boxess said:

Looking at FRBs currently on offer the going rates in round numbers are as follows:

1yr - 5.25
2yr - 5.06
3yr - 4.81
4yr - 4.35
5yr - 4.60

Could you shed any light why the 4 year FRBs are always out of step with 1,2,3 & 5 year FRBs, this is not just now, it has been like this for some time now - any idea why?

Very unpopular term. 4yr swap is broadly the midpoint between 3 and 5yr so there’s no difference in economics but it’s just straight unpopular. Most will take 3 or 5 if looking for a longer term and so not many providers offer meaning the gap.

[minimods]

bmwmike said:

Getting around 5.3 on a money market fund via vanguard if anyone likes a punt

That doesn't include the OCF and platform fees though? So would be lower in reality, but still a good safe rate if your keeping cash on the side.

[981Boxess]

Teatowell said:

Very unpopular term. 4yr swap is broadly the midpoint between 3 and 5yr so there’s no difference in economics but it’s just straight unpopular. Most will take 3 or 5 if looking for a longer term and so not many providers offer meaning the gap.

A bit of a chicken/egg situation, savers follow rates, if they don’t offer the rates they won’t get the savers.