negative interest rates

[planteria]

it is indeed.. but still bagging 1% more from a local Co-op.
i think we should be supporting these societies more.

[Sarah]

I probably would if I were local...

[blythburgh]

I rarely shop at my nearest Co-op. Instead I take a tiny detour when coming home and shop at the next village where it is the national Co-op chain. I get 1% at the local one but I get 1% at the National one plus 5% for all Co-op own label stuff. And even nicer is I get to choose a local charity (or not so local) for the year and when I earn 5% they get 1%.

Only downside is which charity to choose. This year I spread my net wider and a young carers group in Gt Yarmouth is getting my money. Having that on the wider list made my choice easy this time.

I know you were talking about investing money in various places but to me saving money on shopping without spending huge amounts driving from shop to shop to get all the on offer stuff is not worth it to me.

[Sarah]

The majority of Co-op stores have relatively expensive prices though; shopping at a more competitive supermarket could leave you with greater savings to donate.

[planteria]

I probably would if I were local...

it all depends where you are local to Sarah..
my two most local Co-ops offer 2% and 2.25%.
perhaps just check out those within reach for you.

[planteria]

The majority of Co-op stores have relatively expensive prices though; shopping at a more competitive supermarket could leave you with greater savings to donate.

agreed Sarah, although i find our local Co-ops reasonable on price, and i understand and take part in, 'CWS' Co-op's charitable scheme that blyth describes.

fwiw as a member of Co-ops, Building Societies, Friendly Societies, i argue that these mutuals shouldn't donate members' money. the businesses should be run properly, fairly, ethically, but then the benefits should be retained for the future/distributed to members, and we can choose how we use them, including donating to charities of our choice, if we so choose.

[expressman33]

New 1.2% easy access account with Skipton BS:
https://www.skipton.co.uk/savings/easy- ... onus-saver

Sorry, this product is no longer available

1.15% at NS&I https://www.nsandi.com/income-bonds

[Sarah]

That's too bad; have to be quick sometimes when there's an uncommonly good interest rate. This new Skipton account is quite handy; it accepts deposits by debit card, which is another useful option for making transactions that qualify for Halifax Rewards.

[BeautifulSunshine]

That's too bad; have to be quick sometimes when there's an uncommonly good interest rate. This new Skipton account is quite handy; it accepts deposits by debit card, which is another useful option for making transactions that qualify for Halifax Rewards.

Twin advantage.

[planteria]

yes, handy for those that are stoozing the system..