Home for "surplus" cash

[steveR]

A 'few grand' to the OP might be several hundred £k to us mere peasants though?

I think I deffo fall into the latter grouping.... Although the old chap always described the Family as "Yeoman Farmer's", which has a much nicer ring I feel.

In fact, I might even pop it into my Sig!!

 

[carbonfibre farmer]

I think I deffo fall into the latter grouping.... Although the old chap always described the Family as "Yeoman Farmer's", which has a much nicer ring I feel.

In fact, I might even pop it into my Sig!!

A term the good @DrWazzock has used before

 

[workin f nowt]

Looking around again for a home for a few Grand that has accumulated as I have maxed out the Marcus a/c. All the big boys are offering piffling sums of interest, so it has to be the new banks on the block. Wanting online only access and hope to achive 4-5% at todays rates, 3-4 accesses/annum.

Private or Business, doesn't matter I have found

Looked at Oxbury, but has to be run off a phone app only, which is not my choice TBH. Sadly wont run on a chromebook either .

Needs to be joint a/c which seems to throw the bank software into a tizz too often....

Try Shawbrook mines at 5% easy access. Well would be if I could drive the hefin computer

 

[DrWazzock]

A term the good @DrWazzock has used before

Oh yes I remember that. It was like a red rag to a bull to dear old @Walterp who thought it smacked of entitlement and it probably does to a certain extent. But it’s a good term. We’ve been yeomen (for want of a better word) since at least 1600 with farming being incidental to that, pursued with very varying degrees of enthusiasm down the centuries.

 

[Oliveau]

Private P2P fund thing? No FSC security I guess?

Yes, basically p2p, but well thought out. Basically property development mortgages, but only to 70% of valuation. Kuflink invest in all loans as well. They are very proactive in managing recoveries, especially compared with some other p2p platforms. I’ve now had over 100 deals with them and although there have been a few problems I have not yet had any losses. As you say, no FSC security.
To be fair, as the building and property renovation trades have been impacted by rising costs, I have not been investing with Kuflink since I can now get 5.5% with a FSC protected off-shore account. But I have been impressed with the professionalism of Kuflink, especially when compared with some of the now defunct p2p operators.

 

[Oliveau]

Why?
Low rate old account?

Because BoE kept cutting interest rates so Santander followed suit and finally cut their rates to 0% to maintain their margin.

 

[Still Farming]

Because BoE kept cutting interest rates so Santander followed suit and finally cut their rates to 0% to maintain their margin.

I know.
NS&I account you nearly had to pay them too.

 

[Goweresque]

A Hargreaves Lansdown Active Savings account allows you online access to a range of deposit accounts with various banks. As long as you keep the deposit below the £85k limit per financial institution, each deposit in a different bank is covered by the deposit insurance scheme. But because you do all the work via HL's money account you can swap funds between different banks with a few clicks. Makes it easy to be a rate tart and HL give you a tax certificate for all your accounts at the end of the tax year, so no chasing different banks for bits of paper.

The best rate available to easy access at the moment is 5.06% with Metro Bank, and you can get 5.4% for a 1 yr fixed rate from Close Brothers.

https://www.hl.co.uk/savings/savings-account

 

[kiwi pom]

Their Home page seems to say, that the app is a requirement for all their account management...

Might be a daft question but what's wrong with an App and online access?
I've got a little bit in 3 different banks and the app part is what attracted me to them.

 

[ollie989898]

Oh yes I remember that. It was like a red rag to a bull to dear old @Walterp who thought it smacked of entitlement and it probably does to a certain extent. But it’s a good term. We’ve been yeomen (for want of a better word) since at least 1600 with farming being incidental to that, pursued with very varying degrees of enthusiasm down the centuries.

There is nothing wrong with Yeoman farmers- entitlement my arsh.

 

[delilah]

Tesco shares.

 

[neilo]

Tesco shares.

You think they're on the up?

 

[delilah]

You think they're on the up?

No idea, was only joshing.

Serious suggestions; Triodos Bank, Ecology Building Society.

 

[Still Farming]

Tesco shares.

Supermarkets screw farmers ,farmers still cash in on them?

 

[Tamar]

Put a few quid in a high interest account and next year you will have a few extra quid.......but because of inflation, you will be worse off and unhappy.


Or blow it on fast cars, frisky women and alcohol............... and at least this time next year you will have a fantastic memory for your old age !!

The choice is yours

 

[delilah]

Supermarkets screw farmers ,farmers still cash in on them?

Farmers, the NFU. Hypocritical muppets the lot of them.

 

[Whitewalker]

Put a few quid in a high interest account and next year you will have a few extra quid.......but because of inflation, you will be worse off and unhappy.


Or blow it on fast cars, frisky women and alcohol............... and at least this time next year you will have a fantastic memory for your old age !!

The choice is yours

Trouble with frisky women is if the return rate is low , you could be locked in for life and cost you a clean fortune in child maintenance

 

[Tamar]

Trouble with frisky women is if the return rate is low , you could be locked in for life and cost you a clean fortune in child maintenance

Not if you rent them by the hour

 

[Whitewalker]

Not if you rent them by the hour

Definitely wouldn't be depositing my assets in any such schemes , knowing my luck they would get seized .

 

[steveR]

A Hargreaves Lansdown Active Savings account allows you online access to a range of deposit accounts with various banks. As long as you keep the deposit below the £85k limit per financial institution, each deposit in a different bank is covered by the deposit insurance scheme. But because you do all the work via HL's money account you can swap funds between different banks with a few clicks. Makes it easy to be a rate tart and HL give you a tax certificate for all your accounts at the end of the tax year, so no chasing different banks for bits of paper.

The best rate available to easy access at the moment is 5.06% with Metro Bank, and you can get 5.4% for a 1 yr fixed rate from Close Brothers.

https://www.hl.co.uk/savings/savings-account

Thinking on that one...... Sprog 2 works for Brewin Dolphin. I wonder if they have any "Family" discount deals similiar to HL.

I did ask where their Investment bods are suggesting cash should go at the moment. Need to stay liquid at present so nothing more than 6 month lock.