what bank in england gives you the moast intrest on a savings acount?

Answer 1

If you're talking about a normal savings account ICICI is currently paying approx 5.5%. It's run as an internet only operation - similar to ING bank.

You can get more interest for a children's account or a regular savings account - Halifax are currently advertising up to 10% for a regular savings account, although they are likely to have terms and conditions limiting the amount you can invest.

Answer 2

Lloyd's have a savings account which pays 8% gross. 6.4% net All you have to do is pay between £25 and £250 a month in to the account for 2 yrs. This amount can be changed and you can withdrawal the funds at any time without any penalties. You need to open the account with anything between £1 and £500. So if you pay the maximum amount in the total amount you would receive back would be £6916 (£416 would be the interest)

Answer 3

Yahoo has financial pages too. Be careful though, Watch it with bank accounts though .Sometimes you might see a current account offering you 5% or more WOW! then you read the small print and it says you have to be able to put £1000 in it a month to gain that interest! Personally I would look at some of the building society websites Coventry is a good one. Also have a quick look at the Northern Rock, a nice firm to deal with.

Answer 4

These sort of markets are changing all the time. Check out "moneysavingexpert" and "moneyfacts" to try n'keep abreast of things. Lots of financial institutions have super offers to get you with them but at any time will drop the rate once they've got your business. To keep the BEST rate all the time would involve you in changing accounts all the while, loads of hassle. One of the best for a good stable rate at the moment will guarantee you effectively AT LEAST the bank of England base rate for the next twelve months .The Post Office Instant saver, loads of outlets (post offices) and easy access. You can get better rates if you tie up money in a bond for a period of time, but you can't normally access it without a penalty, if at all. First place for savings is an ISA, tax free, 5.3% available for new ISA's. again at post office.

Answer 5

attempt putting you cash in a cd (certificates of deposit). they in many cases have a greater robust interest cost and as a minor you do no longer could have very lots money to take a place. Our financial business enterprise has the minimum quantity as $a hundred for minors. On $2000 for a million 3 hundred and sixty 5 days you get $one hundred fifty. the sole disadvantage is you are able to shop the money interior the financial business enterprise for the set quantity of time. 6 month min. in case you placed the money in a mark downs account on $2000 the interest for a 300 and sixty 5 days would be approximately $35-60 for the 300 and sixty 5 days counting on the interest cost you got.

Answer 6

According to my wife, in the UK it is probably Nationwide.

The interest/return from the greedy British banks is abysmal in comparison to other countries, even for those with the same parent bank. For instance, I'm told, in some countries HSBC pay a staggering 25% return. Somewhere round Cyprus, if I recall.

As a related aside, my friend recently invested in property in Spain. I can't remember what juggling he did, but he essentially got a 100% mortage on his luxury home - at something pitiful like 6%, used the money to pay off his house in the UK and put they rest into another Spanish bank returning 7.5%

Basically, but manipulating foreign rates to his advantage he ended up with a luxury house beside one of Spain biggest golf course, paid off his UK mortgage and have enough left over to invest!

However, it is something to really need to look into in depth. Banks - like HSBC etc etc - with profits of billions every quarter really aren't going to be forthcoming about the fact branches in other countries will give to a mortgage /interest rates at vastly better rates than the UK.

Think of it like this:
£100,000 will get you a 2 or 3 bedroom terrace house in the North
$225,000 CAN (the same value) will get you a huge 6 bedroom house in Calgary, Alberta, Canada if you shop around.

(Lost the darn link)

I'm sure you get the point. Welcome to 'rip-off' Britain, yep, yep, yep!

Answer 7

Have a look at some of the internet accounts as their interest rates are very good.

People like Cahoot (www.cahoot.com) and ING Direct (www.ingdirect.co.uk)

You can look at the FT website and compare savings accounts here

http://www.ft.com/yourmoney/compare/savingsaccounts

Answer 8

Although it's not strictly a 'high street' bank and only runs savings accounts through the internet, ING DIRECT is the best one.

Answer 9

The banks in England only have intrest in charging you for having your money with them,,,

Answer 10

Try Lloyds on line saver account...very good interest rates