Top Four Savings Rates

[crashmonitor]

1.Derbyshire BS 6.85%

2.West Brom BS 6.85%

3. Northern Rock 6.71%

4.Nationwide BS 6.7%

Probably already out of date,no doubt we will soon see the first 7.0% cash bond.

Edited September 7, 2007 by crashmonitor

[redgenieuk]

1.Derbyshire BS 6.85%

2.West Brom BS 6.85%

3. Northern Rock 6.71%

4.Nationwide BS 6.7%

Probably already out of date,no doubt we will soon see the first 7.0% cash bond.

I am really beginiing to wonder if I can afford not to get a piece of that!

[Pete95]

1.Derbyshire BS 6.85%

2.West Brom BS 6.85%

3. Northern Rock 6.71%

4.Nationwide BS 6.7%

Probably already out of date,no doubt we will soon see the first 7.0% cash bond.

You are quoting rates for 1 year fixed-rate bonds right?

Anglo Irish are offering the best currently - 6.9% AER!!

http://www.angloirishbank.co.uk/personal/f...nd-accounts.asp

[crashmonitor]

Yep it's a fast moving situation,who will be the first to brave seven percent.

[evictee]

1.Derbyshire BS 6.85%

2.West Brom BS 6.85%

3. Northern Rock 6.71%

4.Nationwide BS 6.7%

Probably already out of date,no doubt we will soon see the first 7.0% cash bond.

Any of those available in ISA format? With transfer in?

[crashmonitor]

Any of those available in ISA format? With transfer in?

All one year bonds,in the case of Nationwide there is emergency access(90 day loss) and Northern Rock(60 Day loss).Not sure about access on the other two,Derbyshire is usually a lock in.

[crashmonitor]

Listening to moneybox this dinnertime it was as if they had read this thread.''Northern rock came in with a best at 6.71%,they were topped by West Brom at 6.85%,matched by the Derbyshire so West Brom came in at 6.86% and then Anglo Irish trumped the lot on Friday afternoon at 6.9%.

Note credit crunch special on radio 4,Sunday 9pm.

[the_duke_of_hazzard]

Listening to moneybox this dinnertime it was as if they had read this thread.''Northern rock came in with a best at 6.71%,they were topped by West Brom at 6.85%,matched by the Derbyshire so West Brom came in at 6.86% and then Anglo Irish trumped the lot on Friday afternoon at 6.9%.

Note credit crunch special on radio 4,Sunday 9pm.

NS&I still beats those if you take into account the tax element. Though income is not guaranteed.

[crashmonitor]

NS and I is dependent on the inflation rate in one years time, it is somewhat distorted by the rise in the baserate currently.RPIX is only at 3.3%(an indication of where we might be at one year from now) add on the 1.35% bonus and that nets off at a good deal less than 6.9% gross would unless you are a 40% bracket investor.

Obviously the best option if you think Merv and the boys might give up on the inflation target and at least they can't go bust.But the actual return is an unknown dependent on future RPI.

As for will Merv and the boys give up on inflation.My take is that he is p*ssed off with HPI,CPI overshoots and Rachel frigging Lomax.He is an angry man on a mission.

Edited September 8, 2007 by crashmonitor

[Pecco]

1.Derbyshire BS 6.85%

2.West Brom BS 6.85%

3. Northern Rock 6.71%

4.Nationwide BS 6.7%

Probably already out of date,no doubt we will soon see the first 7.0% cash bond.

Yikes, I'm concerned to see NW in a list with those 3 :/

[Nicholas Cage]

I just told ING I was closing my account and they sounded really depressed about it, well the callcentre did anyway.

[South Lorne]

.....the higher the return the greater the risk....the angels said to the fools as they rushed in.....

[bazzer]

abbey are doing a 7.25% monthly saver, max of £250 / month and a min of £20

[nohpc]

abbey are doing a 7.25% monthly saver, max of £250 / month and a min of £20

Wow what a great way to maximise savings.

If you have a mortgage and you are a higher rate tax payer it pays 8-10% on your money (equivalent) and you can put it unlimited amounts tax free.

Why does the government tax savings. It's such a rip off. Mortgages and ISAs are the only way to invest tax efficiently.

[Jason]

Why does the government tax savings. It's such a rip off. Mortgages and ISAs are the only way to invest tax efficiently.

I've always thought that; I guess it does fit in with the governments policy of making people spend.

Has savings interest always been taxed?

[thecrashingisles]

1.Derbyshire BS 6.85%

2.West Brom BS 6.85%

3. Northern Rock 6.71%

4.Nationwide BS 6.7%

Probably already out of date,no doubt we will soon see the first 7.0% cash bond.

HSBC are offering 7% http://www.offshore.hsbc.com/1/2/internati...20_CAM0_765_A_1

Only for new money.

[Jason]

HSBC are offering 7% http://www.offshore.hsbc.com/1/2/internati...20_CAM0_765_A_1

Only for new money.

You need to be a premier customer (i.e. have £60k with them) also, £25k min investment.

[Nicholas Cage]

HSBC are offering 7% http://www.offshore.hsbc.com/1/2/internati...20_CAM0_765_A_1

Only for new money.

Looks crap, you can get 6.4-5 or 7 soon with no catches, like the £250 withdrawl fee + undefined refund costs to HSBC + 6 or 7 T&C relating to Premier accounts.

[dandare500]

Does this mean we should stay away from these banks because they really really need the money badly? I mean Northern Rock......

[Pecco]

Looks pretty desperate to me.

[jonpo]

looks like a good list of shorts to me

[redgenieuk]

Looks crap, you can get 6.4-5 or 7 soon with no catches, like the £250 withdrawl fee + undefined refund costs to HSBC + 6 or 7 T&C relating to Premier accounts.

Offshore??? Not covered by the FS compensation scheme is it then? I dont know.

[elalamein]

.....the higher the return the greater the risk....the angels said to the fools as they rushed in.....

Would deposits up to £35,000 not be protected by the Financial Services Compensation Scheme ? :

100% of the first £2,000 and 90% of the next £33,000 ?

Are most companies in UK who accept deposits members ?

http://www.fscs.org.uk/consumer/key_facts/...nsation_limits/