#273
Valiant attempt on getting everything into one place. And apologies for clogging up your RS thread - you are quite right, I should have refrained from debating the virtues of cash ISAs vs best interest rates in that thread.



A couple of points that haven't yet been raised about your summary:

you refer to "posts above", "post number x" that aren't in this thread
for FTBs, the Halifax HTB ISA should figure on the 'best rates' menu

#279



Good post but you've missed out the Halifax reward account. Add that in with tsb and you get 12.5% gross on £1000.
Originally posted by jimjames


Thanks, I have added that in now. The gross amount is £75 per year and the £750 paid in does not have to stay there for more than a few seconds, so I have just counted it as a free £75 per year. Do you know if it is still possible for people to sign up for 2 of these accounts? If so then that is £150 for free.






Valiant attempt on getting everything into one place. And apologies for clogging up your RS thread - you are quite right, I should have refrained from debating the virtues of cash ISAs vs best interest rates in that thread.



A couple of points that haven't yet been raised about your summary:

you refer to "posts above", "post number x" that aren't in this thread
for FTBs, the Halifax HTB ISA should figure on the 'best rates' menu

Originally posted by colsten


I had mentioned that I was cross-referencing to posts in my Regular Savings thread but to keep things simple I have now removed all the references. I have now mentioned the Halifax HTB ISA.






Can hold 3 BoS Vantage.
Originally posted by YorkshireBoy


Thanks, I have added that in now.






I can see it in the 4% list but there is also the 6% version for Advance and Premier customers.



Regards

Sunil
Originally posted by gt94sss2


Sorry, I had forgotten that Advance accounts are now free, have used the 6% version now.





Wow! Looking back at post 1, you can stash quite a lot of cash in these accounts!

#280
You should be using gross interest rates rather than AER when calculating possible returns. Also mention that some accounts pay different interest %ages, depending on balance.



Example:



Santander 123 is 3% AER/2.96% gross if balance is between £3K and £20K. 2.00% AER/1.98% gross if balance is between £2K and £3K, 1% on £1K to £2K, and nowt below £1K. The max interest you can earn before tax is £592, not £600.



Similar applies to other current accounts.



All this is probably way too much detail for your summary but you should think of some way to tell people that there is a difference between AER and gross interest, and that your numbers are best case.

Who is online

Users browsing this forum: No registered users and 3 guests

cron