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As part of my commitment to customers that you will always be the first to hear of rate changes, I am writing to advise you of changes to our interest rates for our 1 Year Fixed Rate Bond and our 18 Month Fixed Rate Bond.


With effect from 9am on Wednesday 14th May, we will be withdrawing from sale the 1 Year Fixed Rate Bond Issue 17 paying 1.95% AER and replacing this with a 1 Year Fixed Rate Bond Issue 18paying 1.70% AER. We will also be withdrawing the 18 Month Fixed Rate Bond Issue 3 paying2.05% AER and replacing it with a 18 Month Fixed Rate Bond Issue 4 paying 1.90% AER.


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As part of my commitment to customers that you will always be the first to hear of rate changes, I am writing to advise you of changes to our interest rates for our 1 Year Fixed Rate Bond and our 18 Month Fixed Rate Bond.

With effect from 9am on Wednesday 14th May, we will be withdrawing from sale the 1 Year Fixed Rate Bond Issue 17 paying 1.95% AER and replacing this with a 1 Year Fixed Rate Bond Issue 18paying 1.70% AER. We will also be withdrawing the 18 Month Fixed Rate Bond Issue 3 paying2.05% AER and replacing it with a 18 Month Fixed Rate Bond Issue 4 paying 1.90% AER.

I can see the stock market crashing soon as people exit to snap up these great rates.

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I check the rates on easy access savings accounts each week. They are drifting lower and lower. Rates for online access, no upper amount limit and unlimited withdrawals have sunk to 1.2% this week.

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i have just opened a tsb current account which has 5% on first 2000 which you have to pay in £500 to get it.

i intend to go in town go to tsb branch redraw £250 walk to cashier and put it back in twice a month

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Savings Rates Climbing ?
Started by TheCountOfNowhere, Today, 08:07 AM
From shawbrook bank
Shawbrook appear to 'power' the finance part of this investor community: http://www.propertytribes.com/financing-tribe-powered-by-shawbrook-bank-f-23.html

Was initially going to write it's probably not my scene, no matter higher rate on savings. Then thinking about it, perhaps it matters less, if we're reaching a stage where the squeeze is coming more on the landlords than the tenants (voids, falling values ect). I quite like the idea of subbing lenders for capital, whilst more heat on landlords.

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Was initially going to write it's probably not my scene, no matter higher rate on savings

On closer reading of their savings rates 'climbing' I see they are actually falling.

I hope that doesn't imply any bigger push towards getting funds out there for landlords.

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The thing that surprises me is that, even ignoring the tax advantage, you can better rates on ISAs than savings accounts, which was not the case previously.

The thing that surprises me is that you can get a better rate on the Santander current account than any easy access savings accounts or ISA's. It's a through the looking glass world right now.

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Do we need to earn that much if inflation keeps falling. Is there any relief in sight for mortgage holders other than a lifetime of debt servitude...inflation was their only hope. Maybe debtors have sentenced themselves to debt torture Japanese style.

Edited by crashmonitor

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Do we need to earn that much if inflation keeps falling. Is there any relief in sight for mortgage holders other than a lifetime of debt servitude...inflation was their only hope. Maybe debtors have sentenced themselves to debt torture Japanese style.

Jesus Christ.

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Jesus Christ.

Yep not supporting the party line that there is hyper inflation. And we do ourselves no favours by pretending there is and talking down our savings.

In the big picture low inflation is good for savers, cataclysmic for debtors.

Edited by crashmonitor

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Yep not supporting the party line that there is hyper inflation. And we do ourselves no favours by pretending there is and talking down our savings.

In the big picture low inflation is good for savers, cataclysmic for debtors.

Who's talking about hyperinflation?

We have hidden, and not very well hidden, inflation everywhere in the stuff that people need.

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Savers haven't done to bad over the last 5 years. the stock market is up 89%. Any saver with a balanced portfolio would have done quite well.

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Got this from Shawbrook bank yesterday:

With effect from 3:30pm today 19th February, we will be withdrawing from sale the following products:

2 Year Fixed Rate Bond Issue 26 paying 2.05% AER

120 Day Notice Personal Savings Account Issue 24 paying 1.60% AER

95 Day Notice Personal Savings Account Issue 15 paying 1.45% AER

These products will be replaced with:

2 Year Fixed Rate Bond Issue 27 paying 2.20% AER - UP

120 Day Notice Personal Savings Account Issue 26 paying 1.75% AER - UP

UP YOURS.

Edited by TheCountOfNowhere

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Savers haven't done to bad over the last 5 years. the stock market is up 89%. Any saver with a balanced portfolio would have done quite well.

Saving and investing are not the same thing

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Got this from Shawbrook bank yesterday:

With effect from 3:30pm today 19th February, we will be withdrawing from sale the following products:

2 Year Fixed Rate Bond Issue 26 paying 2.05% AER

120 Day Notice Personal Savings Account Issue 24 paying 1.60% AER

95 Day Notice Personal Savings Account Issue 15 paying 1.45% AER

These products will be replaced with:

2 Year Fixed Rate Bond Issue 27 paying 2.20% AER - UP

120 Day Notice Personal Savings Account Issue 26 paying 1.75% AER - UP

UP YOURS.

Maybe they are starting to get worried about competition from P2P lending which will be allowed in NISAs from April. Rates quite a bit better than bank rates. Rate Setter has good rates at the moment.

1 year income is 4.4%,

3 year income is 5.7%

5 year income is 6.3 %

Edited by fru-gal

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Maybe they are starting to get worried about competition from P2P lending which will be allowed in NISAs from April. Rates quite a bit better than bank rates. Rate Setter has good rates at the moment.

1 year income is 4.4%,

3 year income is 5.7%

5 year income is 6.3 %

My Funding Circle is turning to be a lemming so that 2.2% is looking good.

Out strips inflation.

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Saving and investing are not the same thing

No ?

What's the difference ?

I think, one you put your money at risk with no way of knowing if you will get it back, the other is investing :lol:

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Maybe they are starting to get worried about competition from P2P lending which will be allowed in NISAs from April. Rates quite a bit better than bank rates. Rate Setter has good rates at the moment.

1 year income is 4.4%,

3 year income is 5.7%

5 year income is 6.3 %

Do you have a source for that point about P2P being allowed in NISAs from April? I hope you're correct.

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Up again from the Shawbrook banks.....



120 Day Notice Cash ISA Issue 2

paying 1.45% AER Tax free (variable/annual)



120 Day Notice Cash ISA Issue 3

paying 1.55% AER Tax free (variable/annual). Minimum

investment amount £1,000.00



2 Year Fixed Rate Cash ISA Bond Issue 2

paying 1.75% AER Tax free (fixed/annual)



2 Year Fixed Rate Cash ISA Bond Issue 3

paying 1.95% AER Tax free (fixed/annual). Minimum investment amount £5,000.00




Non Cash ISA




1 Year Fixed Rate Bond Issue 24

paying 1.65% AER (fixed)



1 Year Fixed Rate Bond Issue 25

paying 1.70% AER (fixed/annual).

Minimum investment amount £1,000.00.



18 Month Fixed Rate Bond Issue 5

paying 1.80% AER (fixed)



18 Month Fixed Rate Bond Issue 7

paying 1.90% AER (fixed/annual).

Minimum investment amount £5,000.00.



3 Year Fixed Rate Bond Issue 24

paying 2.35% AER (fixed)



3 Year Fixed Rate Bond Issue 25

paying 2.45% AER (fixed/annual).

Minimum investment amount £5,000.00

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Got a letter from the Nationwide today re: my kid's Child Trust Fund. The interest rate is going up.

It was 1.10% (plus 1% on top if you paid over £240 a year in).

It's going to 3.25% (variable) with no minimum payment required to secure that rate.

Strange......

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Got a letter from the Nationwide today re: my kid's Child Trust Fund. The interest rate is going up.

It was 1.10% (plus 1% on top if you paid over £240 a year in).

It's going to 3.25% (variable) with no minimum payment required to secure that rate.

Strange......

As the chinese prime minister said..,my erection is coming.

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Got a letter from the Nationwide today re: my kid's Child Trust Fund. The interest rate is going up.

It was 1.10% (plus 1% on top if you paid over £240 a year in).

It's going to 3.25% (variable) with no minimum payment required to secure that rate.

Strange......

That's quite a jump. Maybe they know something we don't?

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