I have my savings in an account at 4%. Took me about five minutes to set up. Higher rates are available for anyone willing to make a minimal effort.
Irish banking customers: “You guys are getting interest?”
Until my ISA pays 15%+ again I’ll consider rates low 🙁
But of course the issue is base rates increases are not passed on anything like as quickly as cuts
Who the fuck is saving even in the highest rates when inflation is over 10%? That’s a guaranteed loss year on year
Brits refuse to switch… the Coalition literally made it so fucking easy, probably one of the best reforms in the past 15 years, and Brits refuse to switch…
My mum says ‘I have always been with Lloyds’ like there is loyalty between them… Brits need to get better at hunting down good deals, because if the rest of the country starts to do that, my interest will go up too
You can get 5%+ on 1 year savings accounts. Just need to shop about.
What’s worse is they often cap the amount you can even put in them a month making whatever % they offer actually a fraction of that over the year
I’ve never understood why people think that interest rates on savings should be anything but measly. People who invest in relatively risky assets like stocks only expect an average 7% ROI, so why do savers expect a noticeable return for taking literally no risk at all?
‘loyal bank customers’ can’t complain at low rates. Takes about 5 mins to go online and switch to a better rate.
If you’re loyal to a bank you’re a fool.
I’ve a “regular savers” account at 7.0%, which is pretty good apparently!
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I have my savings in an account at 4%. Took me about five minutes to set up. Higher rates are available for anyone willing to make a minimal effort.
Irish banking customers: “You guys are getting interest?”
Until my ISA pays 15%+ again I’ll consider rates low 🙁
But of course the issue is base rates increases are not passed on anything like as quickly as cuts
Who the fuck is saving even in the highest rates when inflation is over 10%? That’s a guaranteed loss year on year
Brits refuse to switch… the Coalition literally made it so fucking easy, probably one of the best reforms in the past 15 years, and Brits refuse to switch…
My mum says ‘I have always been with Lloyds’ like there is loyalty between them… Brits need to get better at hunting down good deals, because if the rest of the country starts to do that, my interest will go up too
You can get 5%+ on 1 year savings accounts. Just need to shop about.
What’s worse is they often cap the amount you can even put in them a month making whatever % they offer actually a fraction of that over the year
I’ve never understood why people think that interest rates on savings should be anything but measly. People who invest in relatively risky assets like stocks only expect an average 7% ROI, so why do savers expect a noticeable return for taking literally no risk at all?
‘loyal bank customers’ can’t complain at low rates. Takes about 5 mins to go online and switch to a better rate.
If you’re loyal to a bank you’re a fool.
I’ve a “regular savers” account at 7.0%, which is pretty good apparently!