1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

How much interest is your savings account giving you?

Discussion in 'General Discussion' started by Raymond Lin, 10 May 2010.

  1. Raymond Lin

    Capo Crimine

    Joined: 20 Oct 2002

    Posts: 67,693

    Location: Wish i was in .Lethal's house

    Just got my annual statement for a savings account I have, I don't have much in there, a few hundred points for the rainy day and it is an emergency fund rather than anything so not paid much attention to the interest rate.

    Previous years I was getting around £9 to £12 a year interest at one point. This year, i just got the statement....I did the sums and the interest rate this year....

    0.0008%, yup, for every £10,000, I would get a return of £8 a year in interest.....WTF ! Not that I have £10k, but if i did, i would be better off putting it all on black.
    Last edited: 11 May 2010
  2. Strife212


    Joined: 15 Dec 2007

    Posts: 16,574

    0.10 percent on the savings account :/

    Cash ISA at 1.5%, but thats an introductory bonus, it goes down to some worthless amount after a year.
  3. [FnG]magnolia


    Joined: 29 Aug 2007

    Posts: 27,107

    Location: Auckland

    3.5% on our Bank of New Zealand account and 3.1% on our ING account. Not that it really matters what with the pound being worth practically nothing anyway :(
  4. Linwig


    Joined: 24 Oct 2004

    Posts: 590

    Moved my savings to Premium bonds while the rates are so low.
  5. Energize


    Joined: 12 Mar 2004

    Posts: 29,045

    Location: England

    5.75% fixed rate bond, as it was obvious at the time that the BOE would destroy savings accounts with their interest rate cuts.
  6. Duke

    Man of Honour

    Joined: 29 Jun 2003

    Posts: 33,824

    Location: Wiltshire

    Next to nothing, so put it into shares which has got me around 10% so far.
  7. Clown


    Joined: 13 Apr 2004

    Posts: 5,087

    Location: London

    2.5% Cash ISA, but on my way to have a meeting with the bank about stocks and shares ISA.
  8. wozza2k

    Wise Guy

    Joined: 23 Sep 2008

    Posts: 2,263

    Location: London

    3% on my ISA, about 4% on my savings accounts. Rates at banks are getting back up there again now, you lot really should look on MSE and get the 'latest' news on saving rates
  9. bledd


    Joined: 21 Oct 2002

    Posts: 46,798

    Location: Parts Unknown

    Savings? :(
  10. Street


    Joined: 17 Jan 2005

    Posts: 8,049

    Location: Liverpool

    4.15% Net on a fixed rate bond.. About the best I could find at the moment, still a fair drop from a few years ago! :(
  11. Cold Fusion


    Joined: 30 Jan 2007

    Posts: 895

    You seem suprised, its been like that for almost a year now. Those who saved money (a concept that seems alien to most people these days) get punished so those that live beyond thier means by borrowing money can be helped.

    I understand home owners need to borrow large sums in order to buy houses, but sloppy lending criteria and the UK's obsession with home ownership means I and many others who save get screwed out of a reasonible interest rate on our savings.
  12. platypus


    Joined: 25 Jul 2003

    Posts: 39,178

    Location: Rhône-Alpes+Cambridge

    I have a 5.25% fixed rate bond due to mature in 2014, other then that, nothing worth writing down.
  13. Wyrdo


    Joined: 19 Feb 2004

    Posts: 15,055

    Location: Darlington, UK

  14. ringo747


    Joined: 1 Feb 2006

    Posts: 8,200

    2.75% cash isa, 2.70 regular saving. Crap really. Might stick a few £k into some of the higher risk options.
  15. Lowe


    Joined: 18 Oct 2002

    Posts: 6,177

    Location: Newcastle Under Lyme

    I got stung this year, not realising the terms of my ISA had changed, so I got about a fivers worth of interest over the entire year. Got no-one to moan at but myself I suppose, but gutted none the less. :(
  16. Gaygle


    Joined: 7 Nov 2004

    Posts: 15,311

    Location: East of England

    3.5% on my Cash ISA (guaranteed to always be 3% above base rate for 12 months).

    1.0% on my e-Savings
  17. aardvark


    Joined: 2 Jan 2005

    Posts: 8,108

    Location: leeds

    2.5% on isa, .75% on other savings account, yearly average of 20% on gold
  18. Clown


    Joined: 13 Apr 2004

    Posts: 5,087

    Location: London

    Isn't inflation like 4.5%? Savings suck.