Best Instant Access Rates

Money, investing, mutuals etc

Re: Best Instant Access Rates

Postby Sarah » Sat Jan 07, 2017 11:54 pm

Other regular savers you could consider: First Direct, HSBC, M&S, Santander.

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Re: Best Instant Access Rates

Postby planteria » Sun Jan 08, 2017 8:41 am

i just have £1k going in to RSs now: Nationwide, HSBC and M&S.

Bruce wrote:Also, I'm thinking about putting the excess money back into Premium Bonds. Anyone thought about the same?


yes, i am into PBs too.

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Re: Best Instant Access Rates

Postby Luke_PieStalker » Mon Jan 09, 2017 9:49 am

Those who have/had the nationwide 5% reg saver ending - little inside info

One your 12 months rate of 5% ends
Move your money out
Apply to close the reg saver (instructions on nationwide account) - Basically send a secure message online
Check your online banking the day after
Once the reg saver has dissapeared from your listed online accounts (24-72 hours)
Reapply for another 5% reg saver
Opens instantly
Start all over again

I got a letter inviting me to open another 5% reg saver as my old one was ending, thought it was a mistake so phoned up to query it and was told the above is true annd its fine to do so.

:thumbup: :thumbup: :thumbup:

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Re: Best Instant Access Rates

Postby Bruce » Mon Jan 09, 2017 6:20 pm

Luke_PieStalker wrote:Those who have/had the nationwide 5% reg saver ending - little inside info

One your 12 months rate of 5% ends
Move your money out
Apply to close the reg saver (instructions on nationwide account) - Basically send a secure message online
Check your online banking the day after
Once the reg saver has dissapeared from your listed online accounts (24-72 hours)
Reapply for another 5% reg saver
Opens instantly
Start all over again

I got a letter inviting me to open another 5% reg saver as my old one was ending, thought it was a mistake so phoned up to query it and was told the above is true annd its fine to do so.

:thumbup: :thumbup: :thumbup:
To make it even easier: apply for a new one online and choose to close the old one during the application process. Balance is transferred instantly and old account closed automatically in the next few days - no need to send the secure message.

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Re: Best Instant Access Rates

Postby planteria » Tue Jan 10, 2017 10:11 am

i don't really understand.. there's no loophole here, is there? your RS ends, and you apply for another one :think:
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Re: Best Instant Access Rates

Postby Bruce » Tue Jan 10, 2017 6:50 pm

planteria wrote:i don't really understand.. there's no loophole here, is there? your RS ends, and you apply for another one :think:

I was thinking the same...!
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Re: Best Instant Access Rates

Postby expressman33 » Tue Jan 10, 2017 8:58 pm

Bruce wrote:
planteria wrote:i don't really understand.. there's no loophole here, is there? your RS ends, and you apply for another one :think:

I was thinking the same...!


No loopholes - once you've asked for the old account to be closed open another and start again for the next 12 months
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Re: Best Instant Access Rates

Postby expressman33 » Tue Jan 10, 2017 9:06 pm

kevinchess1 wrote:Tescos
Paying 3% on their current account for £3,000
No need for DD's or payment in
Can have 2


2 each if a couple , so 4 x £3000 = £12,000 @ 3% = £360 per year , about £240 better than most other accounts ( excluding those listed above by Bruce on page 3)

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Re: Best Instant Access Rates

Postby Bruce » Tue Jan 10, 2017 9:15 pm

I've just been doing some maths.

Turns out I've made approx 272% extra interest in this tax year so far, by using currrent accounts and regular savers, compared to keeping all my cash in the top instant access account.

Sometimes it seems like hard work, but seeing the result keeps me a motivated, especially when I'm saving up for a house deposit (which due to house prices being so high compared to salary in this area, means I'll be needing a 25 to 30% deposit just to quialify for a mortgage).
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Re: Best Instant Access Rates

Postby Luke_PieStalker » Wed Jan 11, 2017 6:28 am

Dont forget the "Lifetime ISA" is not too far away (April)
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