Marcus is currently paying 1.5% for instant access
Premium Bonds
- Thread starter Stormo
- Start date
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Le Chuck
Striker
TSB & Nationwide are paying 5%
Instant access?
Le Chuck
Striker
Yup. Its their current accounts only upto a certain balance though
monkeytassle
Striker
Average yield is 1. 4% if anyone hasn't said it. I have my spare cash parked here saving for a mortgage.
Le Chuck
Striker
monkeytassle
Striker
I will need quick access in the next 6m so struggling to find anything other than premium bonds to park up in.
Le Chuck
Striker
Most of mine is instant access.
A good mix of current accounts with perks, regular savers (which allow access) some instant access paying 1.45ish & a rolling stock if fixed terms
Abu Dhabi Red and White
Striker
Yup, on balances up to £1,500 for TSB.
monkeytassle
Striker
Aye I could do better mind. Just too busy/lazy and for the amounts it's just not worth it tbh
Abu Dhabi Red and White
Striker
Nationwide: 5% AER (4.89% gross p.a. fixed) interest on balances up to £2,500 for the first 12 months, and 1 % gross p.a./AER variable after that.
faith brothers
Winger
My granny got me n sister £50 worth in 1968 won not a penny till I got £25 last xmas.
One of my mates Dads bought a house in 1968 for £250! It was in Chopwell like.
One of my mates Dads bought a house in 1968 for £250! It was in Chopwell like.
Le Chuck
Striker
If you're a higher rate payer it probably isnt worth it but for me its a decent little income stream for what is essentially clicking a few buttons on my phone now & then.
Nationwide is upto £2500
They also do a 5% reg saver that unlike most you can dip in & out if needed in emergency.
B
becs
Guest
Nationwide pay 5% on Flex Regular Online Saver. It's instant access and you don't have to save regularly despite the name! I've got that one.
monkeytassle
Striker
I am sonjinking about is just a nuisance and confuses the tax man so isn't worth it. Hence premium bonds being OK for me.
SargentQ
Striker
I have 7k and similar
Think since I’ve first had them I’ve won around 650 from prize draws
Kent_Mackem
Striker
Can you open more than one per person?
B
becs
Guest
I think you can only have one.
Old Prestonian
Striker
These accounts are really clever marketing as you only get 5% on the initial payment and the AER tapers every month over the course of the year, for example, a payment after six months would receive 2.5% and the last month bugger all.
Le Chuck
Striker
You get 5% on the money thats actually in the account. Your logic is actually the reverse of what actually happens.
1st month you get 1/12 of 5% on £250
Last month you get 1/12 of 5% on £3000
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