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16 Nov 2019

Go Direct Personal Finance News  2009

Building societies triumph once again in consistency survey

Building societies have once again dominated the first Moneyfacts consistency survey of 2010, with 72.5% of all accounts listed as performing consistently.

Key points of the January 2010 Moneyfacts.co.uk Consistency Survey:

  • 72.5% of the most consistent savings accounts are offered by building societies.
  • National Counties Building Societies has the most consistent products, with five products in the tables.
  • Bath Building Society, Leeds Building Society, Teachers Building Society and Yorkshire Building Society follow closely, with four products each in the tables.
  • The best performing bank is Halifax with four consistent products.

For full details, please see appendix.

Louise Holmes, spokesperson at Moneyfacts.co.uk commented: “Despite a slight drop from 77% reported last October, our results show, yet again, that building societies still reign supreme in the consistency stakes.

“Many savers simply do not have the time or inclination to trawl the market looking for the best account, and certainly do not wish to keep moving their money around to achieve a slightly better rate of return. Instead, savers would rather invest their money in an account that continues to pay a competitive rate of interest, rather than one where top rates are paid one minute and are gone the next.

“These results also suggest that savers feel more comfortable placing their cash with some of the lesser known providers. Some of the most consistently performing accounts are offered by providers such as Bath Building Society and Teachers Building Society.”

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 19.1.10

Intelligent Finance

isaver

None

£1

£56.15

2.49% (2.49%)

Birmingham Midshires

e-Saver Issue 2

None

£1

£51.96

1.83% (1.85%)

Yorkshire BS

Internet Saver

Instant

£1

£51.75

2.10% (2.10%)

ICICI Bank UK

HiSAVE Savings

None

£1

£51.67

1.69% (1.70%)

Newcastle BS

Net Savings Issue 7

None

£250

£48.88

1.84% (1.84%)

Birmingham Midshires

Easy Internet Savings

None

£1

£44.29

1.75% (1.75%)

 

 

 

 

 

 

 

Halifax

Web Saver Extra

None

£1

£42.63

2.80% (2.80%)

NatWest    

e-Savings

None

£1

£36.54

1.00% (1.00%)

FirstSave

Easy Access

None

£100

£35.27

0.75% (0.75%)

Saffron BS

e-saver Issue 2

None

£100

£32.30

0.20% (0.20%)

 

 

 

 

 

 

 

 

 

Based on interest earned on £1,000 in 18 months to 1 January 2010.

Most consistent accounts over the last 36 months

Company

Account

Term

Min
Deposit

Total Interest
(Gross)

Gross % (AER) as at 19.1.10

Yorkshire BS

Internet Saver

Instant

£1

£144.09

2.10% (2.10%)

Nationwide BS

e-Savings

None

£1

£115.61

0.45% (0.45%)

NatWest    

e-Savings

None

£1

£112.37

1.00% (1.00%)

Coventry BS

NetSave Instant lll

Instant

£1

£108.62

0.50% (0.50%)

Norwich & Peterborough BS

NetmasterGold Save ll

None

£1

£106.56

0.50% (0.50%)

Halifax

Web Saver Cash Card

None

£10

£101.28

0.25% (0.25%)

Royal Bank of Scotland

Direct Saver

None

£1

£99.71

1.00% (1.00%)

Halifax

Web Saver

None

£1

£97.72

0.10% (0.10%)

Barclays Bank

E-savings

None

£1

£90.13

0.10% (0.10%)

Smile

Savings

None

£1

£73.12

0.12% (0.12%)

Based on interest earned on £1,000 in 36 months to 1 January 2010.

Most consistent accounts over the last 18 months

Company

Account

Term

Min
Deposit

Total Interest
(Gross)
18 months

Gross % (AER) as at 19.1.10

Beverley BS

Postal Account

None

£5,000

£445.89

1.65% (1.65%)

Birmingham Midshires

Easy Telephone Savings

None

£1

£442.84

1.75% (1.75%)

Teachers BS

Call Save

None

£1

£436.55

1.60% (1.60%)

Leeds BS

Postal Max

None

£2,500

£417.06

1.90% (1.90%)

Bath BS

Direct Saver

None

£2,500

£415.75

1.55% (1.55%)

Loughborough BS

Loughborough Postal

None

£100

£388.43

1.60% (1.60%)

 

 

 

 

 

 

 

National Counties BS

Direct Access

None

£1

£361.98

0.40% (0.40%)

Halifax

Saver Reward

Instant

£500

£356.91

0.10% (0.10%)

Derbyshire BS

EasySave Tracker Issue 2

None

£100

£307.98

0.50% (0.50%)

Britannia

Direct Saver

None

£100

£306.22

0.50% (0.50%)

Based on interest earned on £10,000 in 18 months to 1 January 2010.

Most consistent accounts over the last 36 months

Company

Account

Term

Min
Deposit

Total Interest
(Gross)
36 months

Gross % (AER) as at 19.1.10

Beverley BS

Postal Account

None

£5,000

£1,334.78

1.65% (1.65%)

Teachers BS

Call Save

None

£1

£1,301.62

1.60% (1.60%)

Bath BS

Direct Saver

None

£2,500

£1,260.69

1.55% (1.55%)

National Counties BS

Direct Access

None

£1

£1,164.14

0.40% (0.40%)

Leeds BS

Postal Max

None

£2,500

£1,153.18

1.90% (1.90%)

Britannia

Direct Saver

None

£100

£1,146.08

0.50% (0.50%)

 

 

 

 

 

 

 

Chesham BS

Save Direct 2nd Issue

None

£2,500

£1136.36

0.25% (0.25%)

Loughborough BS

Loughborough Postal

None

£100

£1,132.02

1.60% (1.60%)

Principality BS

Postal

None

£1

£1,104.41

0.50% (0.50%)

West Bromwich BS

Direct Tracker Saver

None

£1,000

£1,039.61

0.25% (0.25%)

Based on interest earned on £10,000 in 36 months to 1 January 2010.

Notice savings accounts (without bonus)

Most consistent accounts over the last 18 months

Company

Account

Term

Min
Deposit

Total Interest

Gross % (AER) as at 19.1.10

Whiteaway Laidlaw Bank

90 Day Notice

90 Day

£1,000

£534.16

2.26% (2.26%)

Leeds BS

Albion 30

30 Day

£5,000

£465.90

2.25% (2.25%)

Chesham BS

Save Direct 90

90 Day

£10,000

£412.85

1.25% (1.25%)

Harpenden BS

Hertford/Bedford

30 Day

£1,000

£390.47

1.50% (1.51%)

Bank of Cyprus UK

35 Day Notice

35 Day

£1

£389.24

1.75% (1.76%)

National Counties BS

Direct 90 Notice

90 Day

£5,000

£384.16

1.41% (1.41%)

Marfin Laiki Bank

Privilege

90 Day

£1

£378.06

1.65% (1.66%)

Saffron BS

Cashbuild 90

90 Day

£10,000

£374.61

1.65% (1.65%)

Bath BS

Lifestyle 60

60 Day

£5,000

£372.73

1.35% (1.35%)

Buckinghamshire BS

Chiltern Gold Notice 90

90 Day

£100

£363.64

1.17% (1.17%)

Based on interest earned on £10,000 in 18 months to 1 January 2010.

Most consistent accounts over the last 36 months

Company

Account

Term

Min
Deposit

Total Interest

Gross % (AER)
as at 19.1.10

Chesham BS

Save Direct 90

90 Day

£10,000

£1,312.31

1.25% (1.25%)

Leeds BS

Albion 30

30 Day

£5,000

£1,248.81

2.25% (2.25%)

National Counties BS

Direct 90 Notice

90 Day

£5,000

£1,215.88

1.41% (1.41%)

Teachers BS

Minster 90 Plus

90 Day

£1,000

£1,189.61

0.50% (0.50%)

Bath BS

Lifestyle 60

60 Day

£5,000

£1,173.67

1.35% (1.35%)

Buckinghamshire BS 

Chiltern Gold Notice 90

90 Day

£100

£1,164.31

1.17% (1.17%)

Harpenden BS

Hertford/Bedford

30 Day

£1,000

£1,154.50

1.50% (1.51%)

Furness BS

Notice 90

90 Day

£1,000

£1,100.72

0.70% (0.70%)

Principality BS

Monthly Income Issue 2

60 Day

£1

£1,095.55

0.40% (0.40%)

Teachers BS

Minster 60

60 Day

£5,000

£1,092.98

0.70% (0.70%)

Based on interest earned on £10,000 in 36 months to 1 January 2010.

Cash ISA

Most consistent accounts over the last 18 months

Company

Account

Term

Min
Deposit

Total Interest

Gross % (AER)
 as at 19.1.10

Standard Life Cash Savings

Cash ISA Direct Access

None

£1

£189.77

2.65% (2.65%)

Earl Shilton BS

90 Day Cash ISA

90 Day

£10

£189.58

2.45% (2.45%)

Monmouthshire BS

Cash ISA
Issue 2

30 Day

£10

£183.97

2.50% (2.50%)

Harpenden BS

Simply ISA

Instant

£1

£182.61

2.25% (2.25%)

Principality BS

e-ISA

None

£1

£176.82

1.80% (1.80%)

Newbury BS

Notice Cash ISA

60 Day

£50

£175.67

2.10% (2.10%)

Furness BS

ISA 90 Issue 2

90 Day

£1,000

£172.25

1.84% (1.84%)

Yorkshire BS

e-ISA

None

£10

£171.85

1.90% (1.90%)

Skipton BS

Online Cash ISA

None

£50

£171.18

2.25% (2.25%)

Leek United BS

Instant Access Cash ISA

Instant

£1

£171.08

2.00% (2.00%)

* = Introductory rate for a minimum of 6 months.

Based on interest earned on £3,600 in 18 months to 1 January 2010.

Most consistent accounts over the last 36 months

Company

Account

Term

Min
Deposit

Total Interest

Gross % (AER)
as at 19.1.10

Earl Shilton BS

90 Day Cash ISA

90 Day

£10

£430.83

2.45% (2.45%)

Monmouthshire BS

Cash ISA
 Issue 2

30 Day

£10

£424.83

2.50% (2.50%)

Standard Life Cash Savings

Cash ISA Direct Access

None

£1

£418.58

2.65% (2.65%)

Yorkshire BS

e-ISA

None

£10

£417.46

1.90% (1.90%)

Kent Reliance BS

Direct Variable Rate Cash ISA

None

£1

£414.25

1.02% (1.02%)

Leek United BS

Instant Access Cash ISA

Instant

£1

£412.41

2.00% (2.00%)

National Savings & Investments

Direct ISA

None

£100

£411.39

2.50% (2.50%)

Harpenden BS

Simply ISA

Instant

£1

£408.70

2.25% (2.25%)

Skipton BS

Cash ISA

None

£50

£404.23

2.00% (2.00%)

National Counties BS

Cash ISA Issue 2

Instant

£1

£403.61

1.81% (1.81%)

Based on interest earned on £3,000 in 36 months to 1 January 2010.

 

 

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.

 

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