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24 Jun 2019

Go Direct Personal Finance News  2009

Find a savings account with a consistently good rate

With each base rate cut, savings providers are cutting rates by different amounts on each accounts. As a result it is hard for savers to know where to move their money to get the best deal.

Some people are happy to chase best buy deals, constantly switching their money from one provider to another, but many would rather find an account paying a consistently good rate.

Moneyfacts Consistency Survey Jan 2009

See below for full consistency details.

Michelle Slade, analyst at Moneyfacts.co.uk, comments:

“Savers are really having a difficult time at the moment, particularly those that rely on the income from their savings as their main source of income.

“With so many changes to rates going on in the market, it is difficult to know where to move your money to, as an account that tops best buys one minute may see its rate greatly reduced the next.

“The Moneyfacts consistency tables show the accounts that continue to pay a good rate of return. They may not be best buy rates, but had you left your money with them for 18 or 36 months, you would have achieved the best rate of return.

“If you are happy constantly switching your money then you can get higher returns, but many savers don’t have the time or inclination to keep moving accounts.

“Once again the percentage of accounts from building societies continues to increase, showing that savers shouldn’t just look to the big banks for the best deals.

“Taking five out of the 48 spaces, Principality BS has by far the most consistent products. Unlike many other providers it doesn’t constantly change the products it has on offer and maintains competitive rates of returns for its members.”

Cash ISA

Most consistent accounts over the last 18 months

Company

Account

Term

Min
Deposit

Total Interest

Gross % (AER)
 as at 1.1.09

Egg

Cash ISA

None

£1

£271.18

3.05% (3.05%)

Principality BS

e-ISA

None

£1

£269.61

3.10% (3.10%)

Kent Reliance BS

Direct Cash ISA

None

£1

£269.18

3.01% (3.01%)

Tipton & Coseley BS

Premier ISA

30 Day

£3600

£266.23

2.55%* (2.42%)

Yorkshire BS

e-ISA

None

£10

£258.27

3.30% (3.30%)

Earl Shilton BS

90 Day Cash ISA

90 Day

£10

£257.82

3.05% (3.05%)

* = Introductory rate for a minimum of 6 months.

Based on interest earned on £3,000 in 18 months to 1 January 2009

Most consistent accounts over the last 36 months

Company

Account

Term

Min
Deposit

Total Interest

Gross % (AER)
as at 1.1.09

Kent Reliance BS

Direct Cash ISA

None

£1

£529.59

3.01% (3.01%)

Tipton & Coseley BS

Premier ISA

30 Day

£3600

£518.44

2.55%* (2.42%)

Yorkshire BS

e-ISA

None

£10

£514.51

3.30% (3.30%)

Earl Shilton BS

90 Day Cash ISA

90 Day

£10

£509.03

3.05% (3.05%)

Monmouthshire BS

Cash ISA 2

30 Day

£10

&p as at 1.1.09

Teachers BS

Minster 90 Plus

90 Day

£5000

£1,552.51

1.50% (1.50%)

Halifax

Extra Income Saver

90 Day

£5000

£1,544.96

1.75% (1.76%)

National Counties BS

Direct 90 Notice

90 Day

£5000

£1,533.05

2.06% (2.06%)

Skipton BS

Skipton Direct 30

30 Day

£10000

£1,505.78

1.75% (1.75%)

Principality BS

Monthly Income Issue 2

60 Day

£1

£1,501.08

1.90% (1.92%)

Buckinghamshire BS 

Chiltern Gold Notice 90

90 Day

£100

£1,490.02

2.80% (2.80%)

Based on interest earned on £10,000 in 36 months to 1 January 2009

Best Buys as at 21 January 2009

Company

Account

Term

Min
Deposit

Current Gross %(AER)

Consistently good product

FirstSave

90 Day Notice

90 Day

£100

4.25% (4.25%)

 

Secure Trust Bank

60 Day Notice Issue 2

60 Day

£2,000

4.17% (4.24%)

 

FirstSave

30 Day Notice

30 Day

£100

3.75% (3.75%)

 

Derbyshire BS

Postal 60 Triple Guarantee

60 Day

£250

3.55% (3.55%)

 

Darlington BS

Monthly Income Bond 2

50 Day

£10,000

3.45% (3.51%)

 

Whiteaway Laidlaw Bank

90 Day Notice

90 Day

£1,000

3.26% (3.26%)

 

 

Moneyfacts Group
Moneyfacts is the UK’s leading independent provider of personal financial information and our data is used and trusted throughout the financial industry.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.

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  ound;502.01

2.75% (2.75%)

Leek United BS

Cash ISA

Instant

£1

£500.60

3.75% (3.75%)

Based on interest earned on £3,000 in 36 months to 1 January 2009

Best Buys as at 21 January 2009

Company

Account

Term

Min
Deposit

Current Gross %(AER)

Consistent Product

Dudley BS

Cash ISA

Instant

£100

3.60% (3.60%)

 

Standard Life Bank

Cash ISA Direct Access

None

£1

3.50% (3.50%)

 

Newcastle BS

Reward Saver ISA

120 Day

£500

3.50%* (3.50%)

 

Manchester BS

Premier Instant ISA

Instant

£1,000

3.50% (3.50%)

 

Yorkshire BS

e-ISA

None

£10

3.30% (3.30%)

 36 months

Harpenden BS

Simply ISA

Instant

£1

3.25% (3.25%)

 

* = Introductory rate for a minimum of 6 months. 

Internet savings accounts (without bonus)

Most consistent accounts over the last 18 months

Company

Account

Term

Min
Deposit

Total Interest
(Gross)

Gross % (AER)
as at 1.1.09

Principality BS

e-SAVER

None

£1

£90.33

3.07% (3.07%)

Yorkshire BS

Internet Saver

Instant

£1

£88.63

3.75% (3.75%)

Sainsbury’s Finance

Internet Saver

None

£1

£84.77

1.75% (1.75%)

BMW Savings

BMW eSaver

None

£1

£83.85

2.25% (2.25%)

Market Harborough BS

Onthedot Easy Access

None

£1

£83.50

3.50% (3.50%)

Birmingham Midshires

Direct Internet Savings

None

£1

£82.89

2.40% (2.40%)

Based on interest earned on £1,000 in 18 months to 1 January 2009

Most consistent accounts over the last 36 months

Company

Account

Term

Min
Deposit

Total Interest
(Gross)

Gross % (AER) as at 1.1.09

Sainsbury’s Finance

Internet Saver

None

£1

£167.57

1.75% (1.75%)

Nationwide BS

e-Savings

None

£1

£159.54

1.95% (1.95%)

Coventry BS

NetSave Instant lll

Instant

£1

£151.02

2.00% (2.00%)

Norwich & Peterborough BS

NetmasterGold Save ll

None

£1

£149.07

1.50% (1.50%)

NatWest

e-Savings

None

£1

£146.77

1.29% (1.30%)

Halifax

Web Saver

None

£1

£145.73

1.10% (1.10%)

Based on interest earned on £1,000 in 36 months to 1 January 2009

Best Buys as at 21 January 2009

Company

Account

Term

Min
Deposit

Current Gross %(AER)

Consistently good Product

Yorkshire BS

Internet Saver

Instant

£1

3.75% (3.75%)

318 months

Tesco

Internet Saver

None

£1

3.60% (3.60%)

 

ICICI Bank UK

HiSAVE Savings

None

£1

3.55% (3.55%)

 

AA

AA Internet Saver

None

£1

3.53% (3.59%)

 

Ulster Bank

eSavings

None

£1

3.45% (3.51%)

 

Newcastle BS

NetSavings Issue 7

None

£250

3.34% (3.34%)

 

No Notice savings accounts (without bonus)

Most consistent accounts over the last 18 months

Company

Account

Term

Min
Deposit

Total Interest
(Gross)
18 months

Gross % (AER) as at 1.1.09

Beverley BS

Postal Account

None

£5000

£850.76

2.45% (2.45%)

Birmingham Midshires

Direct Telephone Savings

None

£1

£828.91

2.40% (2.40%)

Teachers BS

Call Save

None

£1

£823.58

2.10% (2.10%)

Bath BS

Direct Saver

None

£2500

£795.29

2.70% (2.70%)

Britannia BS

Direct Saver

None

£100

£792.83

2.00% (2.00%)

Chesham BS

Save Direct 2nd Issue

None

£2500

£792.36

2.00% (2.00%)

Based on interest earned on £10,000 in 18 months to 1 January 2009

Most consistent accounts over the last 36 months

Company

Account

Term

Min
Deposit

Total Interest
(Gross)
36 months

Gross % (AER) as at 1.1.09

Beverley BS

Postal Account

None

£5000

£1,654.20

2.45% (2.45%)

Teachers BS

Call Save

None

£1

£1,624.13

2.10% (2.10%)

Britannia BS

Direct Saver

None

£100

£1,579.50

2.00% (2.00%)

Bath BS

Direct Saver

None

£2500

£1,577.22

2.70% (2.70%)

Chesham BS

Save Direct 2nd Issue

None

£2500

£1,572.50

2.00% (2.00%)

Principality BS

Postal

None

£1

£1,533.96

1.80% (1.80%)

Based on interest earned on £10,000 in 36 months to 1 January 2009

Best Buys as at 21 January 2009

Company

Account

Term

Min
Deposit

Current Gross %(AER)

Consistently good product

Stroud & Swindon BS

Bonus Guarantee

Instant

£500

3.75% (3.75%)

 

Scarborough BS

Balance Builder Issue 1

None

£1

3.50% (3.50%)

 

Stroud & Swindon BS

Postal Account

None

£1000

3.50% (3.50%)

 

Chelsea BS

Rainy Day Savings Issue 3

Instant

£10

2.85% (2.85%)

 

Tesco

Tesco Savings

Instant

£5,000

2.85% (2.85%)

 

Birmingham Midshires

Easy Telephone Savings

None

£1

2.75% (2.75%)

 

Source: www.Moneyfacts.co.uk – the money search engine

Notice savings accounts (without bonus)

Most consistent accounts over the last 18 months

Company

Account

Term

Min
Deposit

Total Interest

Gross % (AER) as at 1.1.09

Chesham BS

Save Direct 90

90 Day

£10000

£853.93

3.25% (3.25%)

Dunfermline BS

Base Rate Tracker Issue 11

30 Day

£100

£824.35

2.10% (2.12%)

Halifax

Extra Income Saver

90 Day

£5000

£790.26

1.75% (1.76%)

Teachers BS

Minster 90 Plus

90 Day

£5000

£785.29

1.50% (1.50%)

National Counties BS

Direct 90 Notice

90 Day

£5000

£779.50

2.06% (2.06%)

Principality BS

Monthly Income Issue 2

60 Day

£1

£761.49

1.90% (1.92%)

Based on interest earned on £10,000 in 18 months to 1 January 2009

Most consistent accounts over the last 36 months

Company

Account

Term

Min
Deposit

Total Interest

Gross % (AER)