Re: Interest rates to rise..
Originally Posted by
Grumblewagon
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Losos, regarding interest rates, I have a LLoyds Classic account + Vantage. If you pay in over £1000 a month and remain in credit, you earn 3% if balance is £3000 - £5000 or 2% between £1000 and £3000 - on the whole amount.
Of course because this is a current account, it has instant access.
I have a FlexDirect Account with the Nationwide Grumble.
It's giving me 5% AER (4.89% gross p.a.) fixed in-credit interest on balances up to £2,500 and this rate is fixed for the first 12 months if you pay in £1,000 each month, which I made sure I do!
As this is far better than the piddling Cash ISA I also have, I'm keeping that topped up to get as much out of it before the 12 months runs out, then I'll drop my extra dosh back into my next Cash ISA!
I'm hoping that another deal like this comes up before the 12 months is up but if not, at least I've made three-times the interest on my savings since dropping them back into my Current Account!
OK, it's not huge sums but for the first time in ages the interest will cover 70% of of my road Tax again!
stevmk2