Saving accounts

[saints_is_the_south]

thinking about opening a new one, currently got mine with Lloyds but the rate of interest is crap compared to other banks.

 

Anybody got any good reccomendations that saves me trawling through moneysupermarket.com?!?!

[Scudamore]

I recommend ING Direct. That is all.

[Crouchie's Lawyer]

Citibank do one... http://www.citibank.co.uk/personal/banking/saveinvest/saving/fsaver/splash/index.html?source=3663&gclid=CL-U1fDc8ZUCFQuH1QodIHspfg

 

Seems pretty good, but ING as Scud says is probably the best

 

http://www.ingdirect.co.uk/savings/Default.asp?ct=1

[notnowcato]

thinking about opening a new one, currently got mine with Lloyds but the rate of interest is crap compared to other banks.

 

Anybody got any good reccomendations that saves me trawling through moneysupermarket.com?!?!

 

Too many dependancies to sufficiently answer your question:

 

access

amount being saved per month / per annum

happy with t'internet only?

etc

 

it is worth the trawl.

[toofarnorth]

Good guide on here.

 

http://www.moneysavingexpert.com/savings/savings-accounts-best-interest

[saints_is_the_south]

Had a look around eventually, opted for ING Direct. Cheers fellas.

[Al de Man]

If you don't have one yet, sort yourself out an ISA.

[Saint in Paradise]

A few months ago here in NZ that company called ING suspended a couple types

of accounts, and now refuse to pay any money back to people from them.

[simo]

Had a look around eventually, opted for ING Direct. Cheers fellas.

 

I would have looked after it!

[Michelle]

Post Office accounts are good if you want to make sure you're money is safe - becuase they're provided by Bank of Ireland, you actually get a higher value of security than you do from UK providers, as I found out today.

[benjii]

Post Office accounts are good if you want to make sure you're money is safe - becuase they're provided by Bank of Ireland, you actually get a higher value of security than you do from UK providers, as I found out today.

 

I think you'll find that the first £35,000 of savings per institution are guaranteed by the UK government in respect of UK personal bank accounts, whereas 90% of your savings per institution up to a cap of only Euro 20,000 is guaranteed in respect of Irish insitutions by the Irish government. :confused:

 

Much better protection in the UK! (If that is what you meant by security?)

 

Sorry!

[Pip87]

Abbey are doing a good one. It's for a year. You have access to your money all the time. If you take any out then you get 5% but if you leave it for a year then you get 6.5%. It's like a year bond only you can take some out without too much 'punishment'. I've just set up a regular saver at over 7% there which i'm pretty impressed with.

 

It really depends on how much you want to save, lump sum or regular saver, and how much access do you need to it.

[Scummer]

I think you'll find that the first £35,000 of savings per institution are guaranteed by the UK government in respect of UK personal bank accounts, whereas 90% of your savings per institution up to a cap of only Euro 20,000 is guaranteed in respect of Irish insitutions by the Irish government. :confused:

 

Much better protection in the UK! (If that is what you meant by security?)

 

Sorry!

 

Ireland guarantees 100,000 Euros.

[Saint Martini]

In newsarticles about the possible collapse of Dutch/Belgium Bank/Insurance company Fortis the newspapers mention the Belgian goverment covers all regular savings and pensions savings.

 

Btw, the rumour in the Netherlands is that ING are taking over ABN AMRO from Fortis. Fortis only bought ABN AMRO just before the credit crunch and have not even really completed the take over. Even though ING are sort of making a good deal (they're going to pay a lot less for ABN AMRO then Fortis did when they bought it together with RBS and Banco Santander) the stock market is not reacting very well to it. Interesting times even with Dutch banks.

[saint_stevo]

money is not safe in banks at the moment, put in under your bed

[Saint In Exile]

Kaupthing... Icelandic bank regulated in the UK by FSA.. Online only account.

 

Recommended by Martin Lewis (GMTV & Radio 5 financial journo) as best instant access savings account at present.

 

http://www.moneysavingexpert.com/savings/savings-accounts-best-interest#bestbuys

[Saint Martini]

ING is not taking over ABN AMRO after all, so I'd say its safe to put your money with them.

[Michelle]

I think you'll find that the first £35,000 of savings per institution are guaranteed by the UK government in respect of UK personal bank accounts, whereas 90% of your savings per institution up to a cap of only Euro 20,000 is guaranteed in respect of Irish insitutions by the Irish government. :confused:

 

Much better protection in the UK! (If that is what you meant by security?)

 

Sorry!

 

For accounts issued by an Irish institution, but available in the UK, it used to be that the Irish government would cap at Euro 20,000, and the UK government would make up the difference up to £35,000.

 

Now, Irish government caps at Euro 100,000. Even for accounts in the UK. Therefore, they are better than UK accounts looked after solely by UK government.

 

Sorry!