baldyman27
Registered User
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I've read through the threads relevant to this and can't get a definitive answer as some of the threads seem out of date given the everchanging rates etc.
I have 25000 in a BOI fixed term account due to mature end of this month. I also have a regular saver account there contributing 150 a month which has about 1000 in it at present. I read on another thread that BOI have dropped the regular saver rate to 2% (I signed up at 7%, presume the other poster was the same). I haven't been notified of this but will be ringing to check.
Looking at the best buys I'm considering the following:
-Move 200000 to Anglos 6 month fixed at 5.35%
-Dripfeed the max 1000 month into their regular saver at 8%
I'd then re-evaluate in 6 months, probably try to keep feeding the regular saver if rate stayed the same and put a lesser lump sum in a fixed term account. Don't want to lock in for any longer than 6 months at present as have house building plans in the near future, fingers crossed.
Just want input as to whether there might be a better way of maximising the money that I haven't seen. The other obvious question is am I wise to consider Anglo. I know deposits are guaranteed but I presume that's just the principle, not the potential interest.
I have 25000 in a BOI fixed term account due to mature end of this month. I also have a regular saver account there contributing 150 a month which has about 1000 in it at present. I read on another thread that BOI have dropped the regular saver rate to 2% (I signed up at 7%, presume the other poster was the same). I haven't been notified of this but will be ringing to check.
Looking at the best buys I'm considering the following:
-Move 200000 to Anglos 6 month fixed at 5.35%
-Dripfeed the max 1000 month into their regular saver at 8%
I'd then re-evaluate in 6 months, probably try to keep feeding the regular saver if rate stayed the same and put a lesser lump sum in a fixed term account. Don't want to lock in for any longer than 6 months at present as have house building plans in the near future, fingers crossed.
Just want input as to whether there might be a better way of maximising the money that I haven't seen. The other obvious question is am I wise to consider Anglo. I know deposits are guaranteed but I presume that's just the principle, not the potential interest.