Re: The Money Thread...
Posted: Tue Oct 04, 2022 6:53 pm
Premium bonds odds have dramatically increased. Also the number of £50 and £100 prizes increased by a huge amount. One of the benefits of higher interest rates.
gaminglegend wrote:As interest rates continue to rise some good saving accounts, fixed accounts and ISAs are popping up and may go higher.
Barclays Easy Access Saver (Existing Barclays Blue Reward Members Only) 5.12% on up to £5000
https://www.barclays.co.uk/savings/instant-access/rainy-day-saver/
4.11% AER, 1 Year Fixed saver with minimum £50 deposit (Existing UK Current Account Required) @ Atom Bank
https://www.atombank.co.uk/fixed-saver/
4% 1-Year Fixed Savings Account (Existing UK Current Account Required) @ Virgin Money
https://uk.virginmoney.com/savings/products/1_year_fixed_rate_e_bond_issue_500/?clickref=1100lwbgH9ug
Limited access cash (Transfers in) ISA 2.25% from 7 October 22 - max 20,000 deposit @ Coventry Building Society
https://www.coventrybuildingsociety.co.uk/member/product/savings/cash_isa/limited-access-isa-online-3.html
NatWest / RBS Digital Regular Saver - 5.12% AER/ 5% Gross PA - Saving between £1pm to £150pm (Existing NatWest Account Required) @ NatWest
https://www.natwest.com/savings/digital-regular-saver.html
Rocsteady wrote:gaminglegend wrote:As interest rates continue to rise some good saving accounts, fixed accounts and ISAs are popping up and may go higher.
Barclays Easy Access Saver (Existing Barclays Blue Reward Members Only) 5.12% on up to £5000
https://www.barclays.co.uk/savings/instant-access/rainy-day-saver/
4.11% AER, 1 Year Fixed saver with minimum £50 deposit (Existing UK Current Account Required) @ Atom Bank
https://www.atombank.co.uk/fixed-saver/
4% 1-Year Fixed Savings Account (Existing UK Current Account Required) @ Virgin Money
https://uk.virginmoney.com/savings/products/1_year_fixed_rate_e_bond_issue_500/?clickref=1100lwbgH9ug
Limited access cash (Transfers in) ISA 2.25% from 7 October 22 - max 20,000 deposit @ Coventry Building Society
https://www.coventrybuildingsociety.co.uk/member/product/savings/cash_isa/limited-access-isa-online-3.html
NatWest / RBS Digital Regular Saver - 5.12% AER/ 5% Gross PA - Saving between £1pm to £150pm (Existing NatWest Account Required) @ NatWest
https://www.natwest.com/savings/digital-regular-saver.html
Thanks for posting. That atom Bank offer is tempting.
BTB wrote:Yeah that Atom 1yr saver looks very tempting, has anyone used Atom before? I've not really heard of them.
poshrule_uk wrote:Anyone have a co-op bank account want to refer me to earn £50 for them and me?
Hexx wrote:One of the good things about recent changes - virgin doing a 4.4% 3 year fixed cash isa!
Tomous wrote:Hexx wrote:One of the good things about recent changes - virgin doing a 4.4% 3 year fixed cash isa!
Any limits on this?
KK wrote:If you invest £1,000 with Nutmeg before 5th April 2023 via the Chase app they'll add £100 on top. Capital at risk and all that.
jiggles wrote:Making a bit of a risky play here but (thanks to a windfall) I’ve *just about* enough in savings now to settle my car finance early, so I’m doing that this week. I’m only 5 months in to the 45 month PCP agreement so it’s certainly an extreme action cutting out 40 monthly payments PLUS the huge final payment, but it saves me about £6k in interest over the remaining term.
strawberry floating bricking it though. I should be able to build back up, but my mortgage is up this year, the energy prices go up next month when the govt support changes and I pre-paid a ton of gas before the price hikes (which is now running low), so my monthly outgoings will take a few jumps by the end of the year. The car payments being gone will hopefully offset the increases, but I imagine I’ll have to ask to extend the term of my mortgage when I renew to stop it getting silly. I have it down to 9 years so there’s plenty of “working age” to work with.
I’m sure I’d save much more money in the long term if I overpaid the mortgage instead of settling the car, but the ticking clock of having to come up with the final payment all over again by the end date or lose the car is something I’d rather avoid.