I mean, look: The current Bank of England interest rate: 5% Highest possible guaranteed savings account (ISA) interest: 5.46%
Whoopedoo! a whopping 0.46% gain in real terms on our money.
That is exceptionally stingy given the amount of money the citizens of this country give to the banks / building societies and I damn well think its time that they started to be more generous given their incredible record-breaking profit margins. Spread the wealth so we can all be a little bit more comfortable.
I, for one will make sure that 2007 will mark the start of my campaign to ditch all but the least stingiest banks / building societies to ensure the stingiest will no longer get my money.
Perhaps we should organise on this newsgroup a weekly round-up of the best paying ISA/Savings accounts so we can all acknowledge the least stingy of all of the financial institutions and we can steer clear of the miserliest.
Today's current best for non-postal, min. balance 1, instant access cash ISA: Halifax 5.25%.
Today's best non-postal, min. balance 1, instant access savings accounts with no tie-in bonus crap: Sainsbury's: 5.25%
Bear in mind that both of these are incredibly stingy as in real terms, the Halifax ISA only gives you a 0.25% real term increase in the value of your cash whilst even more preposterously, the best savings account actually loses you money in real terms (unless you are not a tax payer)!
Let's make 2007 a more profitable one for all of us - with the ease of online applications - there's now no longer the feeling of it all being a load of hassle - ditch your stingy bank / building society today and together we'll force them to share their wealth little by little.
To compare the best accounts at any one time these are my favourites and I'm sure there's others: http://www.moneyextra.com/ http://www.moneysupermarket.com/savings/ http://www.moneysupermarket.com/isa/
...and remember - the best hope you have of getting more interest is by paying more money in!