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Author High interest saving accounts?
BluKoo
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Registered: 8th Apr 02
Location: Stonehaven (Scotland)
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9th Jan 14 at 10:46   View User's Profile U2U Member Reply With Quote

Been looking at the Tesco Internet Saver account @ 1.55% for 12 months, but just thought I'd see if anyone knows of any better account out there?

http://www.tescobank.com/savings/savingsaccounts/internetsaver/apply.html
pow
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Registered: 11th Sep 06
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9th Jan 14 at 10:51   View Garage View User's Profile U2U Member Reply With Quote

There is fuck all out of there, I bought a house earlier than I wanted to as I'm fed up of making no money on my money
luciaadr
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Registered: 11th Aug 04
Location: Bexleyheath, Greater London
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9th Jan 14 at 11:21   View User's Profile U2U Member Reply With Quote

http://www.moneysavingexpert.com/savings/savings-accounts-best-interest
Aleex
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Registered: 21st Jul 09
Location: Plymouth
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9th Jan 14 at 11:40   View User's Profile U2U Member Reply With Quote

no such thing these day, buy a house.

if you already have one, buy another!
Marc
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Registered: 11th Aug 02
Location: York
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9th Jan 14 at 11:55   View User's Profile U2U Member Reply With Quote

I remember back in the day 7.5% for an ISA and 6.5% for a HISA
Robbo
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Registered: 6th Aug 02
Location: London
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9th Jan 14 at 12:17   View User's Profile U2U Member Reply With Quote

They dont exist currently. I looked into one and the best you could gte was about 3%.

Bonds are your best bet but then money is tied up... Gov't bonds from Italy, Spain and Portugal have a very high yield if you are willing to be a bit risky...
Robbo
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Registered: 6th Aug 02
Location: London
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9th Jan 14 at 12:18   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Aleex
no such thing these day, buy a house.

if you already have one, buy another!
BTL mortgages require min. 20% deposit usually, so siognificantly easier said then done...
Aleex
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Registered: 21st Jul 09
Location: Plymouth
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9th Jan 14 at 12:30   View User's Profile U2U Member Reply With Quote

fair, i have absolutely no knowledge on buy to let mortages lol
dannymccann
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Registered: 9th Aug 06
Location: Doddington, Lincolnshire
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9th Jan 14 at 12:37   View User's Profile U2U Member Reply With Quote

I thought it was closer to 50%, but then I looked a few years back before buying my personal property instead
Robbo
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Registered: 6th Aug 02
Location: London
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9th Jan 14 at 12:54   View User's Profile U2U Member Reply With Quote

You can find some with 20% still IIRC but most are higher. Think 50% is a bit prohibitive....
Ian
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Registered: 28th Aug 99
Location: Liverpool
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9th Jan 14 at 12:58   View Garage View User's Profile U2U Member Reply With Quote

High street spec deposit-and-forget will be terrible.

Can you not add it on to the rest of your stuff? Surely that must be doing more than even the best tax free stuff.


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BluKoo
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Registered: 8th Apr 02
Location: Stonehaven (Scotland)
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9th Jan 14 at 13:19   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Ian
High street spec deposit-and-forget will be terrible.

Can you not add it on to the rest of your stuff? Surely that must be doing more than even the best tax free stuff.


I want to have this cash easily accessible, so a more conventional account would be better suited than shares or an ISA.
Ian
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Registered: 28th Aug 99
Location: Liverpool
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9th Jan 14 at 13:25   View Garage View User's Profile U2U Member Reply With Quote

That's the downside to locking it away I suppose.


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Robbo
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Registered: 6th Aug 02
Location: London
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9th Jan 14 at 13:50   View User's Profile U2U Member Reply With Quote

Best one I think then was the Santander (?) 3% CURRENT () account.
AndyKent
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Registered: 3rd Sep 05
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9th Jan 14 at 13:52   View User's Profile U2U Member Reply With Quote

First direct regular saver, 4.8% after tax but max 3600. Otherwise, P2P lending, think Zopa offers around 4% over 3 years but you can withdraw early and pay a small penalty.
RichR
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Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
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9th Jan 14 at 14:00   View Garage View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Robbo
You can find some with 20% still IIRC but most are higher. Think 50% is a bit prohibitive....


We only put down 20% on each of our BTL and the 20% for the second came out of the equity of the first so we've effectively only put 20% of our own money down on one set of flats; tenants have paid the next deposit and the subsequent capital payments. Once you have one, its much more straight forward to get a second/third/etc.
Robbo
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Registered: 6th Aug 02
Location: London
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9th Jan 14 at 14:22   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by AndyKent
First direct regular saver, 4.8% after tax but max 3600. Otherwise, P2P lending, think Zopa offers around 4% over 3 years but you can withdraw early and pay a small penalty.
you sure? im with FD and dont get anywhere near that...
AndyKent
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Registered: 3rd Sep 05
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9th Jan 14 at 18:25   View User's Profile U2U Member Reply With Quote

Its a product they've offered for years, although the rate dropped lately.

http://www1.firstdirect.com/1/2/savings/regular-savings-account

I've been earning 6.4% this year
Haimsey
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Registered: 8th May 05
Location: Nottingham Drives: Corsa B
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9th Jan 14 at 18:45   View Garage View User's Profile U2U Member Reply With Quote

I use Santander 123 and nationwide flex account paying 5% on 2.5k (1k in a month).


Marcy Marc

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