Cyclone Posted June 1, 2016 Share Posted June 1, 2016 Our highest savings rate Put money aside each month and watch your balance grow with an HSBC Regular Saver. You can save up to £3,000 at a great interest rate that's fixed for 12 months - either 4% or 6% AER/gross. It's a regular saver, you put in £250 a month, you get 6% interest rate on the balance for 1 year. Obviously the balance changes over the year, the last £250 you put in only gets interest for 1 month before the offer expires, so your average balance is £1500, you earn £90 over the year, minus tax. Still better than keeping the money in the current account (0%) or the flex saver (0.15%). Link to comment Share on other sites More sharing options...
mossdog Posted June 1, 2016 Share Posted June 1, 2016 It's a regular saver, you put in £250 a month, you get 6% interest rate on the balance for 1 year. Obviously the balance changes over the year, the last £250 you put in only gets interest for 1 month before the offer expires, so your average balance is £1500, you earn £90 over the year, minus tax. Still better than keeping the money in the current account (0%) or the flex saver (0.15%). .........£90 over the year minus tax!!!.........I need a beer! Link to comment Share on other sites More sharing options...
Cyclone Posted June 1, 2016 Share Posted June 1, 2016 .........£90 over the year minus tax!!!.........I need a beer! Well, that interest will buy you some... Not many admittedly, but it's only on a balance of £1500 on average. Link to comment Share on other sites More sharing options...
foxy lady Posted June 1, 2016 Share Posted June 1, 2016 Can I ask how many you have? Just wondering how many you need to actually have a realistic chance of getting something back. I had some a while ago but got rid as I never got a single penny back. I can get 5% from my bank which for me as someone who only has a little money to save is a way better bet. I think I have £40K. I did have £35,000 but inherited some more and had to sell some. I think I ended up with £40,000. I generally average around £550/£600 in prizes each year, but last year I got £1525. Link to comment Share on other sites More sharing options...
biotechpete Posted June 1, 2016 Share Posted June 1, 2016 What bank is paying 5% On "little money"? investment. Please post details TSB pays 5% on current account balances up to 2k. Link to comment Share on other sites More sharing options...
El Cid Posted June 1, 2016 Share Posted June 1, 2016 what shares did you buy, where did you get idea on what shares to buy. i read ic and they are not that good I bought shares in 'interserve'; I have bought and sold interserve before, I bought low, then they went up, I sold, they went down, so I bought them again. I wasnt looking to buy any shares, but when I was checking their value they were a 'strong buy', and as I had been left with the odd few shares from a dividend, I bought £1,200 worth. It cost me £25 to buy them. Link to comment Share on other sites More sharing options...
mossdog Posted June 1, 2016 Share Posted June 1, 2016 TSB pays 5% on current account balances up to 2k........why do you think banks are paying 5% on balances up to £2k.........when for £100k you might only get less than 1.5% Link to comment Share on other sites More sharing options...
El Cid Posted June 1, 2016 Share Posted June 1, 2016 I think I have £40K. I have had premium bonds for around ten years, generally just a £1,000 worth, or so; never won a sausage. Link to comment Share on other sites More sharing options...
foxy lady Posted June 1, 2016 Share Posted June 1, 2016 .......why do you think banks are paying 5% on balances up to £2k.........when for £100k you might only get less than 1.5% Most of these accounts are not worth the effort. You usually have to pay in big amounts every month, and only get interest on a tiny balance, so you have to keep drawing money out and sticking it elsewhere. At the end of a year you've got about £60 in interest and had to work jolly hard for it. Link to comment Share on other sites More sharing options...
mossdog Posted June 1, 2016 Share Posted June 1, 2016 I have had premium bonds for around ten years, generally just a £1,000 worth, or so; never won a sausage..........just imagine if you had bought £1000 of Apple shares a decade ago.. Link to comment Share on other sites More sharing options...
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