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NS&I could cut rates and close products

Discussing offers, rates and deals on suppliers
stevensfo
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Re: NS&I could cut rates and close products

#351343

Postby stevensfo » October 28th, 2020, 1:57 pm

AleisterCrowley wrote:Put your money in fixed rate accounts. Ideally last month...


In another thread I mentioned accessing various savings accounts via my Monzo account, which made things easier. Just in case anyone hasn't noticed, AJBell recently started a 'Savings Hub' which does more or less the same as Monzo and Raisin. The rates are slightly better than going via Monzo, e.g. 1 year fixed rate with Oaknorth is 0.58% with Monzo (min 500 pounds) but 0.63% with AJBell (min 1000 pounds). Rates go up considerably at 1.5 years fixed and for 10000 pounds, but not a huge difference at 2 years.
The rates are slightly higher if you choose QIB, but for ethical and other reasons I'm not sure I'd be happy with giving my money to a Qatar bank.

Steve


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