Savings

DTKOAG said:
Coventry BS offer very good isas and normal savings accounts
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Loyalty Mortgage Saver​

Rate
6.00%
AER/Gross p.a.
(Variable)
FSCS logo
Apply online

Registered for online services?​

Login and apply

Access​

Yes - Restricted
Get access to your money with an interest charge equal to 30 calendar days interest on the amount withdrawn.

Interest paid​

Annually

Deposits​

£1-£1,000
 
hcblue95 said:
Yeah that's the thing I don't know how much I'd trust them as the middle man. They say it's held in a bank which is FSCS protected but you won't know an account number or have any evidence it's there. I'm sure it would be fine but I wouldn't risk it.
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Well he was recommending it again this morning on TV I’m pretty sure Martin wouldn’t risk his rep on a dodgy investment platform.
 
Kirkstall Blue said:
At the moment 4.60%
Access Saver Issue 24.60%
Gross per year/AER variable
  • Withdraw as often as you want
  • Close with no loss of interest
  • Open from £1
  • Interest is paid once a year
  • Apply online only
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That’s very good. Instant Access with Nationwide is just 2.05%. I’ve got mine in a 1 yr Triple Access paying 4.10%. Is there a limit on amount you can deposit on your account?
 
levets said:
That’s very good. Instant Access with Nationwide is just 2.05%. I’ve got mine in a 1 yr Triple Access paying 4.10%. Is there a limit on amount you can deposit on your account?
Click to expand...

To open this account you must be:​

  • a UK resident
  • at least 16 years old

How much can I save?​

You can save from £1 to £500,000.

Can it be a joint account?​

Yes.

How do I open this account?​

You can open it online.

Can I open more than one?​

No.

How can I manage my account?​

You can manage your account online or on our mobile app.

Can I withdraw money?​

Yes, you can withdraw money as often as you want.

For security reasons, you cannot withdraw money for the first 14 days after you open the account.

If you make a withdrawal using CHAPS, there will be a fee.

To keep your account open, you need at least £1 in your account.

You can close your account at any time

———————————
It doesn’t state the limit you can open an account with, it does say the IR will drop to 4.35% on the 10th of December 24
That will be true of all accounts unless it’s a fixed rate account I think we are going to open this one.
 

What would the estimated balance be after 12 months based on a £1,000 deposit?​

£1,046

We have based this on:

  • the deposit added the day you opened the account
  • the interest rate staying at 4.60% gross per year/AER variable
  • no money being taken out
  • no extra money added in.
 
Monument bank easy access savings account 4.81% interest rate
Or 5.01% in a 60 day notice account.

Or DF capital (a Manchester bank) who help local charities/communities are at 5.11% but 90 day notice account.

All FSCS protected
 
Anyone got pension with Aegon. Been checking mine for year and noticed no payment from employer in Oct/Nov. Shows as coming out on my payslip. Looks like Aegon made system update in August causing contributions to either not be collected or collected but not allocated.

I then decided to check last year's statement and that years investment lost almost 50%. Year before (2022) my investments decrease in value exceeded my investment for the 12 months. I get that it can increase/decrease but to me that seems a lot
 
Getting notifications left right and centre today from my savers that after the BoE meeting to hold rates today my interest rates are being cut.
 
ob said:
Anyone got pension with Aegon. Been checking mine for year and noticed no payment from employer in Oct/Nov. Shows as coming out on my payslip. Looks like Aegon made system update in August causing contributions to either not be collected or collected but not allocated.

I then decided to check last year's statement and that years investment lost almost 50%. Year before (2022) my investments decrease in value exceeded my investment for the 12 months. I get that it can increase/decrease but to me that seems a lot
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Which fund(s) is the pension invested in?
 
ob said:
Not sure mate, logged out now. Was just looking at figures as someone in meeting asked if anyone else seemed to be missing contributions on their statement
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OK. Is it an employer scheme? The funds would typically be invested in the "default fund" uness you switch it. Default funds are typically cautious and make modest returns. I would not have expected any losses in the last couple of years. You can switch to riskier funds. A simple tracker with low costs might be even better. Eg S & P 500 has increased by about 24% this year.
 
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ob said:
Anyone got pension with Aegon. Been checking mine for year and noticed no payment from employer in Oct/Nov. Shows as coming out on my payslip. Looks like Aegon made system update in August causing contributions to either not be collected or collected but not allocated.

I then decided to check last year's statement and that years investment lost almost 50%. Year before (2022) my investments decrease in value exceeded my investment for the 12 months. I get that it can increase/decrease but to me that seems a lot
Click to expand...
Wasn't 2022 when big tits and her sidekick trashed the UK stockmarkets?
 
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dickie davies said:
Wasn't 2022 when big tits and her sidekick trashed the UK stockmarkets?
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She didn't help, and for the first time in my life since I took my first pension out in the mid 80's, my funds took a significant nosedive, and have performed well below the level I would have expected ever since.

I've no idea why they now increase at a level far below that which I would receive if the money was held in a savings account with the piss poor interest levels they now have.

I watched a video on youtube the other day, when the CEO's of Mastercard and Visa were being questioned in the USA, I suppose a bit like the all party committee meetings we have in the UK, and they were unashamedly admitting their profit margins were around the 50% mark.

I know a credit card isn't the same as a pension fund, but I can't help thinking the whole finance sector is taking the piss out of us and laughing in our faces at the moment.
 
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NPBlue said:
She didn't help, and for the first time in my life since I took my first pension out in the mid 80's, my funds took a significant nosedive, and have performed well below the level I would have expected ever since.

I've no idea why they now increase at a level far below that which I would receive if the money was held in a savings account with the piss poor interest levels they now have.

I watched a video on youtube the other day, when the CEO's of Mastercard and Visa were being questioned in the USA, I suppose a bit like the all party committee meetings we have in the UK, and they were unashamedly admitting their profit margins were around the 50% mark.

I know a credit card isn't the same as a pension fund, but I can't help thinking the whole finance sector is taking the piss out of us and laughing in our faces at the moment.
Click to expand...
You think...
 
dickie davies said:
Wasn't 2022 when big tits and her sidekick trashed the UK stockmarkets?
Click to expand...
The FTSE didn’t really crash during 2022. Indeed it ended up higher at year end. The Russian invasion of Ukraine hit it harder as did Covid.

A 50% loss over a year seems out of kilter. I’d be looking into it and looking for answers.
 
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