beating inflation

[blythburgh]

I am getting £10+ at Swagbucks. Join under Rich's post and the site benefits.

[planteria]

..until then doing the m&s saver 3 months in to it to get the 3% on £250 pay pcm with really aint worth anything is it..

only 3% with M&S Regular Saver? they must have dropped the rate. and then looking here..

http://bank.marksandspencer.com/save-in ... MASM_HPL_S

it looks as though they have dropped it altogether

[Constantine]

..until then doing the m&s saver 3 months in to it to get the 3% on £250 pay pcm with really aint worth anything is it..

only 3% with M&S Regular Saver? they must have dropped the rate. and then looking here..

http://bank.marksandspencer.com/save-in ... MASM_HPL_S

it looks as though they have dropped it altogether

See here
http://bank.marksandspencer.com/banking ... /overview/

Monthly Saver account - Access to a 5% AER/gross fixed rate for 12 months with our M&S Monthly Saver
Footnote 1* if you switch to us using the Current Account Switch ServiceCurrent Account Switch Service and have two active Direct Debits.

[planteria]

that's the one.. i'm surprised it isn't easily found via Savings, as they could be using that as a hook for new c/a customers.

[planteria]

making a real return is only available in a limited number of ways unless there is some risk taken onboard.
i'm dividing 1k/m between HSBC, M&S and Nationwide, and bagging 5.25% overall, so over £300 in interest.

then have Lloyds and TSB current accounts generating interest, and as chris mentions, some Rewards accounts.

i have some Friendly Society TESPs and RSPs that are generating returns on the sum assured, so they provide a real return.

and then ISA Fund and Shares, including some good yielders like Glaxo, Astra and Vodafone, and now have 6 pension pots

[pabenny]

..and now have 6 pension pots

Why have 6 separate pension funds?

Charges tend to be on a sliding scale - the bigger the pot, the smaller the %. Plus can often be some fixed fees (£x per month for example). Consolidate your funds and you reduce the charge burden, which is the biggest predictable factor that affects your return.

[planteria]

good question, and fair points.
i don't think i would break through any thresholds by consolidating anyway, but there are logical reasons for all.
small pots with NFU Mutual and LV, which are mutuals. a larger, but still small in the scheme of things, pot with Wesleyan, which is also a mutual - i don't really want to lose membership of any of those.
i have a SIPP with a fund in that i'm happy with, and which makes up the largest portion of my pension.
i have a very small pot with Nest, which a previous employer set up for me.. thinking that perhaps i will use that again with a future employer.
and now have an employer paying in to a pot which as it happens is with Royal London, another mutual, of which i am already a member.

[expressman33]

Nine savings accounts to beat 2.9% inflation

https://www.moneywise.co.uk/news/2017-0 ... -inflation

[planteria]

as if it were just for us
i didn't know that Santander offer a 5% RS

[frank57]

Thanks for the info on this thread.