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[STEMO]

Telling me that the bonus rate on our savings account is coming to an end in March. Instead of getting 0.65%, I will now receive 0.2%, the bonus being 0.45%. What a lucky boy I have been getting such a huge bonus for the last year. This means that, after tax, I will get £1.60 for every £1000 saved, a big drop from the £5.20 I was getting. 

[tunnie]

Banks useless for savings, I put all mine into share-save schemes. Far better return 

[ronnyd]

You,ll have to send all your new purchases back mate.

[Sir Tigger KC]

The way it's going your money will depreciate quicker in the bank than STEMO's cars do. 

[STEMO]

Banks useless for savings, I put all mine into share-save schemes. Far better return 

I like instant access, never know when you'll see a bargain. Like, for instance, a renau.........

[STEMO]

The way it's going your money will depreciate quicker in the bank than STEMO's cars do. 

Nah...........

[LC0112G]

Assuming there is a Mrs Stemo  , its easy to get 5% interest for at least a year on over £14K of 'savings' - so £700 per year.

Stemo : TSB Classic plus 5% on up to £2000 balance
Mrs Stemo : TSB Classic plus 5% on up to £2000 balance
Joint Stemo : TSB Classic plus 5% on up to £2000 balance
Stemo : Nationwide Flexclusive 5% on up to £2500 balance
Mrs Stemo : Nationwide Flexclusive 5% on up to £2500 balance
Joint Stemo : Nationwide Flexclusive 5% on up to £2500 balance

Both Nationwide and TSB also have regular-savers that allow £500/250 per month to be deposited at 5% as well.
 
From April everyone has a £1000 per year tax free allowance, so all £700 will be tax free.

[STEMO]

Assuming there is a Mrs Stemo  , its easy to get 5% interest for at least a year on over £14K of 'savings' - so £700 per year.

Stemo : TSB Classic plus 5% on up to £2000 balance
Mrs Stemo : TSB Classic plus 5% on up to £2000 balance
Joint Stemo : TSB Classic plus 5% on up to £2000 balance
Stemo : Nationwide Flexclusive 5% on up to £2500 balance
Mrs Stemo : Nationwide Flexclusive 5% on up to £2500 balance
Joint Stemo : Nationwide Flexclusive 5% on up to £2500 balance

Both Nationwide and TSB also have regular-savers that allow £500/250 per month to be deposited at 5% as well.
 
From April everyone has a £1000 per year tax free allowance, so all £700 will be tax free.

Thats good info...thanks.

[redelitev6]

Assuming there is a Mrs Stemo  , its easy to get 5% interest for at least a year on over £14K of 'savings' - so £700 per year.

Stemo : TSB Classic plus 5% on up to £2000 balance
Mrs Stemo : TSB Classic plus 5% on up to £2000 balance
Joint Stemo : TSB Classic plus 5% on up to £2000 balance
Stemo : Nationwide Flexclusive 5% on up to £2500 balance
Mrs Stemo : Nationwide Flexclusive 5% on up to £2500 balance
Joint Stemo : Nationwide Flexclusive 5% on up to £2500 balance

Both Nationwide and TSB also have regular-savers that allow £500/250 per month to be deposited at 5% as well.
 
From April everyone has a £1000 per year tax free allowance, so all £700 will be tax free.

14K ! that would be nice

[STEMO]

Assuming there is a Mrs Stemo  , its easy to get 5% interest for at least a year on over £14K of 'savings' - so £700 per year.

Stemo : TSB Classic plus 5% on up to £2000 balance
Mrs Stemo : TSB Classic plus 5% on up to £2000 balance
Joint Stemo : TSB Classic plus 5% on up to £2000 balance
Stemo : Nationwide Flexclusive 5% on up to £2500 balance
Mrs Stemo : Nationwide Flexclusive 5% on up to £2500 balance
Joint Stemo : Nationwide Flexclusive 5% on up to £2500 balance

Both Nationwide and TSB also have regular-savers that allow £500/250 per month to be deposited at 5% as well.
 
From April everyone has a £1000 per year tax free allowance, so all £700 will be tax free.

14K ! that would be nice

13.5.......

[LC0112G]

Assuming there is a Mrs Stemo  , its easy to get 5% interest for at least a year on over £14K of 'savings' - so £700 per year.

Stemo : TSB Classic plus 5% on up to £2000 balance
Mrs Stemo : TSB Classic plus 5% on up to £2000 balance
Joint Stemo : TSB Classic plus 5% on up to £2000 balance
Stemo : Nationwide Flexclusive 5% on up to £2500 balance
Mrs Stemo : Nationwide Flexclusive 5% on up to £2500 balance
Joint Stemo : Nationwide Flexclusive 5% on up to £2500 balance

Both Nationwide and TSB also have regular-savers that allow £500/250 per month to be deposited at 5% as well.
 
From April everyone has a £1000 per year tax free allowance, so all £700 will be tax free.

14K ! that would be nice

13.5.......

Plus £500 in the Nationwide Reg saver, and £250 in the TSB Reg saver, so in the first month £14.25K, and £22.5K by the end of 12 months. Total interest for the year will be around £950 - enough to sell a puke green Astra and upgrade to a super fast black Omega.

[steve6367]

Rate Setter has worked very well for us 

www.ratesetter.com

Please do read and understand though, it's peer to peer lending not a savings account.

PS £50 each if anyone does go for it - http://link.ratesetter.com/uvm6qxv

[LC0112G]

Rate Setter has worked very well for us 

www.ratesetter.com

Please do read and understand though, it's peer to peer lending not a savings account.

PS £50 each if anyone does go for it - http://link.ratesetter.com/uvm6qxv

Up to 5.9% over 5 years, taxable, (so really only 4.72% for a basic rate tax payer), capital is at risk (as opposed to guaranteed by the government/FSCS), and it's not instant access.

This is a completely different risk profile product to simple bank accounts. It's got it's place, but....

[steve6367]

Rate Setter has worked very well for us 

www.ratesetter.com

Please do read and understand though, it's peer to peer lending not a savings account.

PS £50 each if anyone does go for it - http://link.ratesetter.com/uvm6qxv

Up to 5.9% over 5 years, taxable, (so really only 4.72% for a basic rate tax payer), capital is at risk (as opposed to guaranteed by the government/FSCS), and it's not instant access.

This is a completely different risk profile product to simple bank accounts. It's got it's place, but....

Taxable - qualifies for the same 'personal savings allowance' as your post above and from April will be eligible for the new ''Innovative Finance ISA'

Not instant access - its 'near' instant, you can 'sell' the loan at any time.

It is not risk free, problem is once you max out the options as you highlight you need to look elsewhere as part of the portfolio or settle for a really poor return. They have not lost anyone's money since opening in 2010 - past performance in no guarantee etc

Steve