pslewis

Premier Direct Current Account - Alliance & Leicester

Dip Yer Bread!

john banks

Just about cover inflation But only on £2500. Like all of these accounts, not very good?

satanbaby

only up to 2500.

halifax do a web saving account.

3, 6, 12 months up to a £100,000 @ around 6.0%

andy97

iTrader: (1)

But where can I put the other £997,500

Dunk

iTrader: (1)

Plenty of banks offering c.6.5%, lahough given the new standing of some of them I wouldn't go greater than £35k.

D

pslewis

I agree, I do not have more than £35k in any one institution ..... too risky at the moment.

But, pop £2500 into this account ..... open another few with whatever they require and move the min. amount to pay in around them by standing order, 8.5% is hard to beat.

Luan Pra bang

why not just use a hedge fund few of them with pretty consistent returns of 16 percent and provided you manage your cgt allowance well, no tax to pay on it at all.

pslewis

16% risk free?

Luan Pra bang

nothing is risk free

pslewis

£35k in a UK Bank is

I would suspect that Hedge Funds are anything but........

Gordo

mmm, very tempting.... "0.10% AER (variable) on balances over £2,500 "

what utter crock.

pslewis

8.5% on £2500 is fantastic, hardly a crock.

Open an account for partner + kids and you could have £10,000 returning 8.5% ...... risk free.

I don't see how it can be beaten myself - treat it as part of a portfolio and enjoy the extra!

Gordo

it's not worth the grief pete - you can easily get 6% on much larger amounts. for the sake of 63 quid extra interest (less tax) it's really not worth the effort of opening a bank account with them. That, and they won't maintain the rate for long - it's the classic Halifax scam to lure the gullible in - the number that are too apathetic to move again pay for those than they lose.

I thought you were a very wealthy man with 16k a month coming in in rent? surprised you're always posting such penny pinching ideas when you could be using your capital much more profitably.....

bioforger

iTrader: (1)

What he said ^

Paul3446

No-one who really had a decent amount of money would post up these half baked ideas to save a few quid here and there.

Just one more lie to add to all the others.

My personal favourite was when he used to pretend to be 78 and then blurted out that his dad had been test driving new cars!