Interest rate cut - any decent accounts left?

Dec 04, 2008 16 Replies

I just took a look at some UK comparison sites but they seem to be out of date with what savings rates are actually being offered.



Are there any good interest rates for savers still available from reputable banks or building societies please?



I suppose bonds/term accounts would be better as I've recently realised that easy access accounts have a habit of cutting the rate after you transfer money into them! Unless someone knows of one that will be keeping their rate up?



Thank you.


fixed rate bonds were the answer in times like these.... I started moving money into these in late august, but the latest one i applied for (abbey) withdrew all their bons before I got chance to apply. I think you will find very few fixed rate bonds out there presently, except some maybe offering very poor rates.

Paul from Money box reckons there's 5.5% about if you look - he said that on news today

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I've not had a look yet

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Don't know if he actually mentions which

You've more or less missed the boat. A with many aspect of finance, you need to commit before the event to get good value for money. I suggest you refer to the interest rate futures charts in the Bank of England Quarterly Inflation reports to see where base rates are heading.

Government stock (Gilts). I got 4.8% redemption (6.2%) flat before the

1.5% interest rate cut as a deflation hedge.

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Thank you all for the suggestions.

Trawling further ICICI seem to be the best rate at the moment that are covered by the UK FSA scheme.

I found even more comparison websites that are at least 1% or 2% out with the rates they are quoting.

Cheers.

Is there any way to get a summary of these reports without purchasing it?

I would like to know when the BoE think inflation will reach it's lowest level.

Forget this. I've found the info. D'Oh!

Nationwide have a whole load still on offer at rates between 4% and 5%.

The government reckon it'll be negative this time next year.

In message , Andy Pandy writes

2Yr ISA = 4.5% 3Yr ISA = 5%

Until this week they paid the same rate on 1 to 3 year terms...

I have one at 6.15% but it matures in April.

Their member's ISA Bond rates and Cash ISAs are crap now.

I could tell you a story about ICICI which has ruined my confidence in the indians...lets say we all have our opinions of indian callcentres.... i leave it there!

I did get one of the Lloyds cash ISAs earlier this year at a guaranteed

6.5%.

Something tells me I may have to settle for a lower rate in 2009!

On working lunch today they said that Anglo Irish Bankcorp were offering 5.75% -

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They're all freely available on the (excellent) BoE website -

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Mid 2010, although the outlook is, not surprisingly, 'unusually uncertain'. But the fan charts are, imo, the best guide there is.

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I've just given notice on my members ISA bond. Any thoughts on where I should move it? It is looking like Principality is the best at the moment.

I switched some of mine to the 1 year ISA fixed rate bond, which doesn't count as a withdrawal, so no notice required. If I can also switch the rest to my Instant ISA without the 60 day notice, then I can look for somewhere...

I have tended to stay with N/W even though they don't have the best headline rates, because they do get the best rating for _consistently_ decent rates. No introductory bonus scams.

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