Re: Savings Accounts
Originally Posted by
Realist
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I appreciate this Omah. My problem is that maximum amount they impose. £200 a month means I can only invest a total of £2400
That's no good to me. My pension lump sum is way more than that.
I mean I COULD do that but I would have to open similar accounts with a whole bunch of separate accounts to get the full amount invested which would be a real faff.
If you want to try P2P Saving, Ratesetter are offering:
3.0% Rolling Market
Capital reinvested so you earn continuously.
Interest paid every month or can be reinvested.
Access your money at any time without a fee.
3.4% 1 Year Market
Capital and Interest repaid at term (normally 1 Year).
Capital and Interest can be reinvested so you earn continuously.
To access your money early a 0.3% fee will be charged.
5.7% 5 Year Market
Capital and Interest repaid monthly.
Capital and Interest can be reinvested so you earn continuously.
To access your money early a 1.5% fee will be charged.
The RateSetter ISA also pays 5.7% but tax-free.
I only do the Rolling Market but regularly get over over 3%.
https://www.ratesetter.com/