negative interest rates

Money, investing, mutuals etc
Sarah
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Re: negative interest rates

Post by Sarah » Tue Jun 14 2022 9:35am

We could see a 0.5% rise this week. I wouldn't make any decisions before then, especially on multi-year fixed rates.
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Re: negative interest rates

Post by Luke_PieStalker » Wed Jun 15 2022 11:29pm

planteria wrote:
Tue Jun 14 2022 9:18am
just that the rates have edged up, but still very little return on cash, and it's a negative real return.
I know your a bit coin man but I am looking for something stable and easy. Just hard to work out if/when to lock your cash away.

planteria
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Re: negative interest rates

Post by planteria » Thu Jun 16 2022 8:44am

having some cash in an account for a rainy day makes sense LPS.. so finding the best rate you can is fair enough. but beyond that we need to at least try to beat inflation imv.

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Re: negative interest rates

Post by Sarah » Thu Jun 16 2022 12:15pm

BoE has increased the base rate to 1.25% (up by 0.25%). This is a 13 year high.
Three members of the nine-member committee voted for an even bigger rise of 0.5%, in the aftermath of the bumper 0.75% rise in rates in the US overnight.
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Re: negative interest rates

Post by Sarah » Wed Jul 13 2022 10:42am

Ford Money
In line with Our Best Rate Guarantee we’re increasing the interest rate on our Flexible Saver effective 13th July 2022 as follows:

Current rate New higher rate
1.29% Gross 1.36% Gross
https://www.fordmoney.co.uk/savings-pro ... ible-saver

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Re: negative interest rates

Post by Sarah » Wed Jul 20 2022 11:25am

YBS 5.00% Loyalty Regular Saver Issue 2 / Loyalty Regular eSaver (existing members only):
https://www.ybs.co.uk/savings/regular-saver

planteria
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Re: negative interest rates

Post by planteria » Wed Jul 20 2022 6:40pm

that's a good rate Sarah. fair play to Yorkshire for this one.

Sarah
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Re: negative interest rates

Post by Sarah » Tue Jul 26 2022 10:19am

Ford Money
In line with Our Best Rate Guarantee we’re increasing the interest rate on our Flexible Saver effective 26th July 2022 as follows:

Current rate New higher rate
1.36% Gross 1.44% Gross
https://www.fordmoney.co.uk/savings-pro ... ible-saver

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Re: negative interest rates

Post by Sarah » Wed Jul 27 2022 9:28am

Sainsbury's Defined Access Saver
Earn up to 1.55% AER/Gross p.a. variable on £1,000-£500,000
Access your money up to 3 times a year while earning up to 1.55% AER
No good for daily use, but a competitive interest rate for rainy day funds that you don't expect to withdraw frequently and don't want to fix or invest, etc.

https://www.sainsburysbank.co.uk/saving ... saver_skip

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Re: negative interest rates

Post by Sarah » Wed Jul 27 2022 2:08pm

Virgin Money easy access M Plus Saver now up to 1.71%! :thumbup:
1.71% AER (1.70% gross per annum variable) on savings balances up to £25,000 and 1.00% on any balances above £25,000. Interest paid quarterly.
https://uk.virginmoney.com/current-acco ... lus-saver/

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