Why on earth is the Bank of Scotland contacting customers with maturing fixed rate cash ISAs to offer Bank of Scotland products which pay a lower rate of interest than Halifax products? Another prime example of why you must always do your own research to find the best rates for your savings.
A look at three of the best current accounts if you stay in credit
Top of my list of the best UK current accounts is the Santander 123 Current Account as I earn 3% interest on a balance between £3000 to £20,000; a much higher rate of interest than is paid on instant access savings accounts.
This month 13 banks and building societies have lowered rates on 116 accounts by an average 0.36 percentage points, according to Savings Champion.
Oh dear looks like rates of interest paid on UK savings accounts are going to keep falling. I just shunted our instant access savings into a Nationwide Loyalty Saver today when a 12 month bonus ended. I just hope that Nationwide don't drop that rate on that account soon.
It's complicated to work out if the Santander 123 Currrent Account is a good buy, it depends how much you spend on what & which current account you use at present.
You can earn 3% interest on balances between £3,000 to £20,000 in the Santander 123 Current Account; much higher than any instant access savings account. The downside is there's a monthly fee of £2 but I can recoup this with cashback paid on my monthly household direct debits.
Shawbrook Bank has today upped the rate on its five year fixed-rate savings account firing it straight back to the top of the best This is Money best buy table.
Best buy rates are being withdrawn so fast, that you have to move quickly if you spot an account that's offering a competitive rate of interest. However many top paying accounts are only available to exising customers.
The Halifax Tracker Bond pays 1.48% above the Bank of England Base Rate for a 18 month term, meaning a current rate of 1.98%. However there's a 135 days loss of interest penalty to close the account early.
The 12 month bonus rate of 2.5% paid on my Halifax Reward Saver ended today. and the best new instant access home I could find for the cash was the Nationnwide Loyalty Saver paying 1.7%. Depressing stuff.
The BM Savings Online Reward Account pays a fixed rate bonus which varies between 1.1% to 1.2% depending on how much is in your account. Wit h a balance of £50,000+ you'd earn 1.7%, consisting of a variable rate of 0.5% plus a bonus of 1.2%. The downside is that you can only make four penalty free withdrawals per year.
With base rate and Funding for Lending having a cataclysmic impact on rates, savers have had it tough in the last 12 months. One industry insider reckons it will get better.
It's so hard to judge when interest rates will start to rise in the UK. You need a crystal ball to know whether to commit your savings to a long term fixed rate or go for a lower rate in the hope that interest rates increase sooner rather than later.
Sharing your scoops to your social media accounts is a must to distribute your curated content. Not only will it drive traffic and leads through your content, but it will help show your expertise with your followers.
How to integrate my topics' content to my website?
Integrating your curated content to your website or blog will allow you to increase your website visitors’ engagement, boost SEO and acquire new visitors. By redirecting your social media traffic to your website, Scoop.it will also help you generate more qualified traffic and leads from your curation work.
Distributing your curated content through a newsletter is a great way to nurture and engage your email subscribers will developing your traffic and visibility.
Creating engaging newsletters with your curated content is really easy.