4% interest available

[Frnc]

If you have cash to stash, Paragon fixed, 1-5 years, all the same rate. Presumably you need 1K min. Usually the way.

Of course all my ready cash got blown and I'm trapped in deals as low as 1.12%!
But some are 3%

And some end in < 6 months, hope these are still going!

Of course some give you loyalty offers at the end.

The good thing about the low rates is inflation was only 2% back then!

[jennyjj01]

If you have cash to stash, Paragon fixed, 1-5 years, all the same rate. Presumably you need 1K min. Usually the way.

Of course all my ready cash got blown and I'm trapped in deals as low as 1.12%!
But some are 3%

And some end in < 6 months, hope these are still going!

Of course some give you loyalty offers at the end.

The good thing about the low rates is inflation was only 2% back then!

I noticed that Martin Lewis has been pushing some of the top interest rate accounts, but at no-name branches that have TERRIBLE customer service and online reputations. I won't name them here, but interest with rubbish service is not the way I want to go.
Also, ML has been pushing us away from ISAs, but if you switch ISA to ISA, even at the same bank, you can get better interest than some equiv instant access accounts.
Some fixed rate offerings are worth taking a penalty to leave.
Take all your money out and spend it. Completely trounces inflation
Sugar is today's red hot tip. 90p today: £1.19 next week.

[Frnc]

If you have cash to stash, Paragon fixed, 1-5 years, all the same rate. Presumably you need 1K min. Usually the way.

Of course all my ready cash got blown and I'm trapped in deals as low as 1.12%!
But some are 3%

And some end in < 6 months, hope these are still going!

Of course some give you loyalty offers at the end.

The good thing about the low rates is inflation was only 2% back then!

I noticed that Martin Lewis has been pushing some of the top interest rate accounts, but at no-name branches that have TERRIBLE customer service and online reputations. I won't name them here, but interest with rubbish service is not the way I want to go.
Also, ML has been pushing us away from ISAs, but if you switch ISA to ISA, even at the same bank, you can get better interest than some equiv instant access accounts.
Some fixed rate offerings are worth taking a penalty to leave.
Take all your money out and spend it. Completely trounces inflation
Sugar is today's red hot tip. 90p today: £1.19 next week.

I think I'd need special permission, you can't withdraw early. A bag of sugar lasts me years so I'm not too worried.

[jennyjj01]

I think I'd need special permission, you can't withdraw early. A bag of sugar lasts me years so I'm not too worried.

Similar Here. Though I plan to buy enough 2kg bags to make several home brews of beer and wine, which have been largely bumped off the shopping list. Maybe 20kg which will last 3 years. Beer used to use 'beer enhancer' but Sugar will suffice.
And, of course, flour which has been leaping up.

[jennyjj01]

I think I'd need special permission, you can't withdraw early. A bag of sugar lasts me years so I'm not too worried.

They can't lock you in on ISAs. I just switched mine Nationwide 1.4% to Nationwide 2.5%

[ForgeCorvus]

For easy access try a Natwest Digital Saver 5.00% Gross, 5.12 AER. on balances up to £5000.
Must be tied to a current account and you can only pay in a maximum of £150 per month.

[Frnc]

I think I'd need special permission, you can't withdraw early. A bag of sugar lasts me years so I'm not too worried.

They can't lock you in on ISAs. I just switched mine Nationwide 1.4% to Nationwide 2.5%

I don't have any ISAs, don't know owt about them, I just get fixed rate deals eg 3% for two years. Luckily all the sub 2% stuff matures this summer.

[ForgeCorvus]

I think I'd need special permission, you can't withdraw early. A bag of sugar lasts me years so I'm not too worried.

They can't lock you in on ISAs. I just switched mine Nationwide 1.4% to Nationwide 2.5%

I don't have any ISAs, don't know owt about them, I just get fixed rate deals eg 3% for two years. Luckily all the sub 2% stuff matures this summer.

If you're a basic rate Tax payer, you can earn something like £1000 interest on savings before The Revenue takes a bite...... This is roughly +30k. Most of us aren't likely to have this problem.

[Frnc]

They can't lock you in on ISAs. I just switched mine Nationwide 1.4% to Nationwide 2.5%

I don't have any ISAs, don't know owt about them, I just get fixed rate deals eg 3% for two years. Luckily all the sub 2% stuff matures this summer.

If you're a basic rate Tax payer, you can earn something like £1000 interest on savings before The Revenue takes a bite...... This is roughly +30k. Most of us aren't likely to have this problem.

Any interest over £1,000 goes against your tax, correct. In my case even if I got that much it would then get added to my other income, of which £7,500 is deducted on the Rent a Room scheme.
So I'd get taxed on my pension, rent over £7,500, and interest over £1,000.

I see you don't get taxed on cash ISAs. So when I get my state pension might be worth switching some of my lump sum 'savings' to those, depending on interest rates. But interest rates will probably drop by then.

[jennyjj01]

I don't have any ISAs, don't know owt about them, I just get fixed rate deals eg 3% for two years. Luckily all the sub 2% stuff matures this summer.

If you're a basic rate Tax payer, you can earn something like £1000 interest on savings before The Revenue takes a bite...... This is roughly +30k. Most of us aren't likely to have this problem.

Any interest over £1,000 goes against your tax, correct. In my case even if I got that much it would then get added to my other income, of which £7,500 is deducted on the Rent a Room scheme.
So I'd get taxed on my pension, rent over £7,500, and interest over £1,000.

I see you don't get taxed on cash ISAs. So when I get my state pension might be worth switching some of my lump sum 'savings' to those, depending on interest rates. But interest rates will probably drop by then.

Not wishing to pry into your affairs, but any interest over £1000 would be added to your other gross income. Then your 12000* or so personal allowance is deducted. You only pay tax on the extra bit above that £13,000 or so.

* I can't be bothered looking it up