Savings rates getting competitive?

[stevensfo]

Just for Info, my AJBell Savings Hub now has a 2-yr savings account offered via Investec at 4.7%.

https://www.ajbell.co.uk/cash-savings#list


Steve

[pje16]

Interesting how the longer terms offer lower rates or is a 2 year @4.7 going to be the peak

[6Tricia]

I'm happy to have just moved a matured fixed rate bond (1.61%) to a 2 year fixed rate ISA at 4.25 %! I can't see ISA rates going much higher within the next couple of years.

Tricia

[Gerry557]

I find it (un) funny that non ISA rates can be higher than the tax free versions. It's almost like the provider is also a partial taker.

[Maroochydore]

Just for Info, my AJBell Savings Hub now has a 2-yr savings account offered via Investec at 4.7%.

Shawbrook has a 1 year fixed bond also paying 4.70%.

However their 2 year deal is only 4% and other deals up to 7 year fix taper down to 3.36% which seems to suggest they expect rates to fall fairly quickly.

[pje16]

However their 2 year deal is only 4% and other deals up to 7 year fix taper down to 3.36% which seems to suggest they expect rates to fall fairly quickly.

History has shown that the BoE don't do anything quickly

[kempiejon]

A couple of months ago I rolled a 6month fixed rate MyCommunity Bank bond into a 1 year fix at 4.55%.
There's 4.75% available now https://www.mycommunityfinance.co.uk/savings

[stevensfo]

Just for Info, my AJBell Savings Hub now has a 2-yr savings account offered via Investec at 4.7%.

https://www.ajbell.co.uk/cash-savings#list


Steve

Just gone up to 4.8%!

Steve

[Fluke]

Not established names AFAIK but these are all one year fixed rates:

Smartsave are paying 4.82% on £10-85k.

Vanquis bank 4.81% - £1-250k

Oxbury 4.75% - £1-500k

So yes it does seem to be getting competitive.

https://www.moneysavingexpert.com/savin ... -interest/

[SeagoonN]

A little better....

Raisin Bank 5% one year

http://www.raisin.co.uk/savings-accounts/?utm_source=google&utm_medium=cpc&utm_campaign=uk_sea_brand_td_savings&gclid=Cj0KCQjwr82iBhCuARIsAO0EAZwhmrmwq90l-eO8uVpFqUwZCbyMdxQkBSpnm296C-TBnXR_rLUNh1waAkHSEALw_wcB

[airbus330]

A little better....

Raisin Bank 5% one year

http://www.raisin.co.uk/savings-accounts/?utm_source=google&utm_medium=cpc&utm_campaign=uk_sea_brand_td_savings&gclid=Cj0KCQjwr82iBhCuARIsAO0EAZwhmrmwq90l-eO8uVpFqUwZCbyMdxQkBSpnm296C-TBnXR_rLUNh1waAkHSEALw_wcB

That looked quite attractive until you see that the underlying bank is Turkish. I know its FCS protected, but do people really want to have money invested with an institution based in a country that might be in meltdown in a few weeks if Erdogen loses?

[staffordian]

A little better....

Raisin Bank 5% one year

http://www.raisin.co.uk/savings-accounts/?utm_source=google&utm_medium=cpc&utm_campaign=uk_sea_brand_td_savings&gclid=Cj0KCQjwr82iBhCuARIsAO0EAZwhmrmwq90l-eO8uVpFqUwZCbyMdxQkBSpnm296C-TBnXR_rLUNh1waAkHSEALw_wcB

That looked quite attractive until you see that the underlying bank is Turkish. I know its FCS protected, but do people really want to have money invested with an institution based in a country that might be in meltdown in a few weeks if Erdogen loses?

Then go for Atom Bank's one year fix at 4.8%

[Lootman]

That looked quite attractive until you see that the underlying bank is Turkish. I know its FCS protected, but do people really want to have money invested with an institution based in a country that might be in meltdown in a few weeks if Erdogen loses?

Other than AJBell, none of the institutions cited in this topic are known to me. Clearly you can prise a higher rate by going with more esoteric institutions. But I rather like sleeping at night, especially with what is happening in the US with banks recently.

[airbus330]

That looked quite attractive until you see that the underlying bank is Turkish. I know its FCS protected, but do people really want to have money invested with an institution based in a country that might be in meltdown in a few weeks if Erdogen loses?

Other than AJBell, none of the institutions cited in this topic are known to me. Clearly you can prise a higher rate by going with more esoteric institutions. But I rather like sleeping at night, especially with what is happening in the US with banks recently.

I tend to agree with you and Atom is fine so long as you're happy with app based banking, which I am. I just going to hold fire for another week or so, if central bank rates look to remain plateaued for a bit, a cheeky %5+ might crop up

[swill453]

That looked quite attractive until you see that the underlying bank is Turkish. I know its FCS protected, but do people really want to have money invested with an institution based in a country that might be in meltdown in a few weeks if Erdogen loses?

Other than AJBell, none of the institutions cited in this topic are known to me. Clearly you can prise a higher rate by going with more esoteric institutions. But I rather like sleeping at night, especially with what is happening in the US with banks recently.

AJBell is effectively just a savings "broker" though, and offers fixed term accounts from other banks, some with unfamiliar names like QIB, National Bank of Egypt, Paragon, Tandem etc.

Scott.

[mc2fool]

Then go for Atom Bank's one year fix at 4.8%

OakNorth, 4.86% https://oaknorth.co.uk/personal-savings/fixed-term/ (And doesn't require an App)

[MickR]

Is the Atom bank 4.8% available as an ISA? It doesn't say on their website

[MickR]

Is the Atom bank 4.8% available as an ISA? Can't see anything on its website even mentioning ISA's

[airbus330]

Is the Atom bank 4.8% available as an ISA? Can't see anything on its website even mentioning ISA's

Best Cash ISA 1yr Fix i have found is Kent Reliance at 4.14%. I already have an account with them and they are Ok. https://www.kentreliance.co.uk/isas

[Stompa]

Is the Atom bank 4.8% available as an ISA? Can't see anything on its website even mentioning ISA's

Best Cash ISA 1yr Fix i have found is Kent Reliance at 4.14%. I already have an account with them and they are Ok. https://www.kentreliance.co.uk/isas

4.3% at Secure Trust Bank:

https://www.securetrustbank.com/savings ... e-cash-isa