BluKoo
Member
Registered: 8th Apr 02
Location: Stonehaven (Scotland)
User status: Offline
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Been looking at the Tesco Internet Saver account @ 1.55% for 12 months, but just thought I'd see if anyone knows of any better account out there?
http://www.tescobank.com/savings/savingsaccounts/internetsaver/apply.html
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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There is fuck all out of there, I bought a house earlier than I wanted to as I'm fed up of making no money on my money
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luciaadr
Member
Registered: 11th Aug 04
Location: Bexleyheath, Greater London
User status: Offline
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http://www.moneysavingexpert.com/savings/savings-accounts-best-interest
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Aleex
Member
Registered: 21st Jul 09
Location: Plymouth
User status: Offline
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no such thing these day, buy a house.
if you already have one, buy another!
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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I remember back in the day 7.5% for an ISA and 6.5% for a HISA
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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They dont exist currently. I looked into one and the best you could gte was about 3%.
Bonds are your best bet but then money is tied up... Gov't bonds from Italy, Spain and Portugal have a very high yield if you are willing to be a bit risky...
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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quote: Originally posted by Aleex
no such thing these day, buy a house.
if you already have one, buy another!
BTL mortgages require min. 20% deposit usually, so siognificantly easier said then done...
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Aleex
Member
Registered: 21st Jul 09
Location: Plymouth
User status: Offline
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fair, i have absolutely no knowledge on buy to let mortages lol
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dannymccann
Member
Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
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I thought it was closer to 50%, but then I looked a few years back before buying my personal property instead
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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You can find some with 20% still IIRC but most are higher. Think 50% is a bit prohibitive....
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
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High street spec deposit-and-forget will be terrible.
Can you not add it on to the rest of your stuff? Surely that must be doing more than even the best tax free stuff.
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BluKoo
Member
Registered: 8th Apr 02
Location: Stonehaven (Scotland)
User status: Offline
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quote: Originally posted by Ian
High street spec deposit-and-forget will be terrible.
Can you not add it on to the rest of your stuff? Surely that must be doing more than even the best tax free stuff.
I want to have this cash easily accessible, so a more conventional account would be better suited than shares or an ISA.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
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That's the downside to locking it away I suppose.
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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Best one I think then was the Santander (?) 3% CURRENT () account.
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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First direct regular saver, 4.8% after tax but max £3600. Otherwise, P2P lending, think Zopa offers around 4% over 3 years but you can withdraw early and pay a small penalty.
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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quote: Originally posted by Robbo
You can find some with 20% still IIRC but most are higher. Think 50% is a bit prohibitive....
We only put down 20% on each of our BTL and the 20% for the second came out of the equity of the first so we've effectively only put 20% of our own money down on one set of flats; tenants have paid the next deposit and the subsequent capital payments. Once you have one, its much more straight forward to get a second/third/etc.
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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quote: Originally posted by AndyKent
First direct regular saver, 4.8% after tax but max £3600. Otherwise, P2P lending, think Zopa offers around 4% over 3 years but you can withdraw early and pay a small penalty.
you sure? im with FD and dont get anywhere near that...
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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Its a product they've offered for years, although the rate dropped lately.
http://www1.firstdirect.com/1/2/savings/regular-savings-account
I've been earning 6.4% this year
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Haimsey
Premium Member
Registered: 8th May 05
Location: Nottingham Drives: Corsa B
User status: Offline
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I use Santander 123 and nationwide flex account paying 5% on 2.5k (1k in a month).
Marcy Marc
White Sport Progress Thread
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