Feedback - Santander Edge Saver - mine has just matured, I spoke to a Santander advisor (phone) and was told I could close it and then open another to get the 6% again - To confirm this I called back later and spoke to another advisor, they weren't sure so put me on hold, came back to me and said yes, nothing to stop you/me - one thing to add I was just advised to leave it a couple of days of closing the first Edge Saver.
Just clicked on the video. This month I emptied my chip account and verified a t212 cash isa and now getting 5.1% no catches no limits on withdrawals and paid daily
212 can change that interest rate whenever they like though. I opened at 5.2% then it went down to 5% then back to 5.1%. They do give you a bit of notice before they change it though.
Good for very small amounts. Over s year you need to think of the total saved at half the advertised rate to see how much you will get. If you can, get a easy access saver and pay in to that monthly and you will make far more in the year.
I max my S&S ISA with Vanguard every year and have a couple of savings accounts that give me interest of around £450. What is the point of having any more savings accounts when I'll be taxed on anything over £500? The money I would put in savings accounts has already been taxed at 40% so what's the incentive?
Lloyds rate regular saver at 6.25% (Fixed) max £400 a month. Only caveat if you withdraw you lose the interest as it matures at the end. There’s also a bank switch offer going on at the moment for £200! I did it last year, out of the big four Lloyds have been a solid choice.
So after 12months you will get £148 interest. If you put the £400 a month in a 5% saver, you would have over £240 interest. To compare regular savers, you need to divide the interest rate by 2 to see what you would get for the full amount saved in a year. I got scammed by regular savers after lockdown. Never again!
Previously you said that Principality BS 6 month bond was not worth applying for - even at 8%.(£200 per month) However there is a Christmas 2025 regular saver at 7% (£125 per month). In addition there is a 5.50% regular saver for £250 a month. Worthwhile applying for all 3 at the same time.
I have the trading 212 cash isa and was confused to see it at 5.1% after they said they were putting it down to 5%. Not going to complain about them putting it back up to 5.1 tho. also got cahoot sunny day saver at 5.08%, but unfortunately its going down to 4.89% in a month or so. :(.
same thing happened to me with plum, started dipping into my account despite me turning that feature off. I'm competent at managing my savings, I hate all these gimmicks like roundups and auto savings designed for stupid people too clumsy to stop themselves blowing all their money on pay day
Hi Andy and all out there in internet land, please no abuse, I have some money which is sat in an Chip account at 5%, this is giving me around £300 per month in interest, I don't need to access the money anytime soon, if at all in the next 12 months to the next five years or so, my Isa is maxed out and will be come 6thApr '25 with an other 20K, can I get a better return on the rest of my savings, where can I put the money so I don't have to pay tax or limit the amount of tax on my savings... (the money is from a divorce) before I'm judged... this is for my retirement... your video's have helped me so much over the last 3 years... thank you Andy and all your team
If I had maxed out my ISA and was going to hit the 1k (depending on your tax bracket) limit in interest in a normal account I would put it in NS&i premium bonds. Gains aren’t taxed but obviously aren’t guaranteed
Go to Trading212 and open a stocks and shares ISA. Put 20 in and pay in to a high return ETF if that suits you , or invest in s Daily Dividends Pie for example, if it meets your expectations. I have lots of different shares and the Dividends roll in and compound, plus I get 11% monthly return on a single ETF in the ISA. Far better than the rubbish 4-5% savings accounts.
You will need to pay tax if you exceed your PSA per year. (personal savings allowance) I believe. The amount of interest you can earn before to pay tax is £1000 per year believe
Hi Andy, don't mean to be critical, but you say lots of things incorectly in this video. you mispeak and say things slighly wrong. Can you pay more attention to this in future to ensure the video's are top notch. Thanks for all your work. Cheers
@@WOOOPdoctorFROGherefor instance in the bit about Santander he said "between the four of you it's upto £16k", instead of "between the two of you... you can have four accounts ". :)
Feedback - Santander Edge Saver - mine has just matured, I spoke to a Santander advisor (phone) and was told I could close it and then open another to get the 6% again - To confirm this I called back later and spoke to another advisor, they weren't sure so put me on hold, came back to me and said yes, nothing to stop you/me - one thing to add I was just advised to leave it a couple of days of closing the first Edge Saver.
Just clicked on the video. This month I emptied my chip account and verified a t212 cash isa and now getting 5.1% no catches no limits on withdrawals and paid daily
good luck with t212 support if you ever need them!
Me too love that daily update on interest
@@hvpbI’ve not had any problems with them tbh used them for investing for years, only just opened the isa
212 can change that interest rate whenever they like though. I opened at 5.2% then it went down to 5% then back to 5.1%. They do give you a bit of notice before they change it though.
did you transfer your isa from chip to t212? last thing I checked t212 weren't accepting isa transfers
woohoo no. 1 fan :). I totally vouch for regular savers, they help no end with unsuspecting bills copping up.
and the only one :-P just kidding
Good for very small amounts. Over s year you need to think of the total saved at half the advertised rate to see how much you will get. If you can, get a easy access saver and pay in to that monthly and you will make far more in the year.
I max my S&S ISA with Vanguard every year and have a couple of savings accounts that give me interest of around £450. What is the point of having any more savings accounts when I'll be taxed on anything over £500? The money I would put in savings accounts has already been taxed at 40% so what's the incentive?
Free money is still welcome. If you don't need it, give it away.
Not all your wages get taxed at 40%, it's graduated...
is there a cash savings account in the UK that can earn me compound interest? not ISAs, i have maxed them out.
I cannot see the MPC cutting in November. December, yes.
Great update, thanks ❤
Lloyds rate regular saver at 6.25% (Fixed) max £400 a month. Only caveat if you withdraw you lose the interest as it matures at the end. There’s also a bank switch offer going on at the moment for £200! I did it last year, out of the big four Lloyds have been a solid choice.
I had a Lloyds regular saver, I took the money out part way through the year but they still paid the interest earned on maturity
So after 12months you will get £148 interest. If you put the £400 a month in a 5% saver, you would have over £240 interest.
To compare regular savers, you need to divide the interest rate by 2 to see what you would get for the full amount saved in a year.
I got scammed by regular savers after lockdown. Never again!
Previously you said that Principality BS 6 month bond was not worth applying for - even at 8%.(£200 per month) However there is a Christmas 2025 regular saver at 7% (£125 per month). In addition there is a 5.50% regular saver for £250 a month. Worthwhile applying for all 3 at the same time.
I've had my eye on these, I'll be opening all three.
Cynergy Bank, 120 days notice 5.25%
Sidekick pretty interesting
very helpful! Thank you!
I have the trading 212 cash isa and was confused to see it at 5.1% after they said they were putting it down to 5%. Not going to complain about them putting it back up to 5.1 tho. also got cahoot sunny day saver at 5.08%, but unfortunately its going down to 4.89% in a month or so. :(.
Quick to drop rates slow to rise them
same thing happened to me with plum, started dipping into my account despite me turning that feature off. I'm competent at managing my savings, I hate all these gimmicks like roundups and auto savings designed for stupid people too clumsy to stop themselves blowing all their money on pay day
Chip cash isa gives 4.84%. You missed it
My T212 stocks and shares isa made 13%, plus dividends.
Hi Andy and all out there in internet land, please no abuse, I have some money which is sat in an Chip account at 5%, this is giving me around £300 per month in interest, I don't need to access the money anytime soon, if at all in the next 12 months to the next five years or so, my Isa is maxed out and will be come 6thApr '25 with an other 20K, can I get a better return on the rest of my savings, where can I put the money so I don't have to pay tax or limit the amount of tax on my savings... (the money is from a divorce) before I'm judged... this is for my retirement... your video's have helped me so much over the last 3 years... thank you Andy and all your team
If I had maxed out my ISA and was going to hit the 1k (depending on your tax bracket) limit in interest in a normal account I would put it in NS&i premium bonds.
Gains aren’t taxed but obviously aren’t guaranteed
Go to Trading212 and open a stocks and shares ISA. Put 20 in and pay in to a high return ETF if that suits you , or invest in s Daily Dividends Pie for example, if it meets your expectations.
I have lots of different shares and the Dividends roll in and compound, plus I get 11% monthly return on a single ETF in the ISA.
Far better than the rubbish 4-5% savings accounts.
You will need to pay tax if you exceed your PSA per year. (personal savings allowance) I believe. The amount of interest you can earn before to pay tax is £1000 per year believe
I don't think hsbc are paying 8% 🤣🤣
I guess you're a day early... 🤣😂🤣
👍🏻
Hi Andy, don't mean to be critical, but you say lots of things incorectly in this video. you mispeak and say things slighly wrong. Can you pay more attention to this in future to ensure the video's are top notch. Thanks for all your work. Cheers
which bits are incorrect?
Donut 🍩
@@WOOOPdoctorFROGherefor instance in the bit about Santander he said "between the four of you it's upto £16k", instead of "between the two of you... you can have four accounts ". :)
@@j.d.9848 eh? He's right though. 4k in each account = 16k in total.
You should probably pay more attention to using grocer's apostrophes, too.