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Zopa savings

Discussing offers, rates and deals on suppliers
Myfyr
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Re: Zopa savings

#443246

Postby Myfyr » September 18th, 2021, 9:59 am

I know a lot of people aren’t fans but there are some good fixed rates available via Hargreaves Lansfown Active Savings at the moment …

BLME 1.40% pa for 1 year, 1.60% pa for 2 years and 1.70% pa for 5 years

Other providers with lower rates are available there, eg Metro Bank 0.25% pa for 3 years (who’d bother?)

Also AJ Bell Youinvest has a cash hub with the likes of QIB (who??) providing 1.77% pa for a 3 year fix.

A three year fix is the most I would go for, unless a longer fix paid significantly more. Would need to be at least 2% really for 5 years.

Gan020
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Re: Zopa savings

#444612

Postby Gan020 » September 23rd, 2021, 7:51 am

Myfyr wrote:A three year fix is the most I would go for, unless a longer fix paid significantly more. Would need to be at least 2% really for 5 years.


2% now available as an opening offer from new bank Recognise Bank

https://www.recognisebank.co.uk/

Myfyr
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Re: Zopa savings

#444655

Postby Myfyr » September 23rd, 2021, 10:26 am

Gan020 wrote:
Myfyr wrote:A three year fix is the most I would go for, unless a longer fix paid significantly more. Would need to be at least 2% really for 5 years.


2% now available as an opening offer from new bank Recognise Bank

https://www.recognisebank.co.uk/


Sorry, I don’t recognise them. :)

stevensfo
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Re: Zopa savings

#444771

Postby stevensfo » September 23rd, 2021, 4:26 pm

Myfyr wrote:
Gan020 wrote:
Myfyr wrote:A three year fix is the most I would go for, unless a longer fix paid significantly more. Would need to be at least 2% really for 5 years.


2% now available as an opening offer from new bank Recognise Bank

https://www.recognisebank.co.uk/


Sorry, I don’t recognise them. :)


Another bloody bank??? Please do your enhanced due diligence, KYB (Know your bank) and a thorough internet search of the bank and its founders. If you request a 'source of funds', can they provide it?


Steve


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