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17 Comments

  1. 19th February 2020 / 4:01 pm

    I only keep some of my emergency cash in TSB so not expecting huge returns for instant access, but the rate reduction, first from 5% and now down to 1.5% is particularly annoying with inflation at 1.8%.

    Nationwide have just introduced a new ‘prize-draw’ type savings account called Start to Save. Saving regularly between £50-£100 per month, earn 1% interest and be entered into 4 draws to win £100. Apparently, there’s a 1 in 67 chance of winning, which is quite high.

    It’s aimed at people who probably have no savings whatsoever but could be an alternative to other accounts.

    • Faith
      Author
      21st February 2020 / 8:54 am

      Hi Weenie – Share your frustration about TSB. I wonder how many people will open the new Nationwide account? When I saw the news I kind of lumped it in with Premium Bonds – nice if you do win something, but can’t bank on it. At least Nationwide’s Start to Save means you definitely get 1% interest, unlike zip all guaranteed from Premium Bonds!

    • 28th November 2023 / 6:08 pm

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  2. 20th February 2020 / 7:00 pm

    It’s a shame to see that high-interest current accounts are disappearing! Would love them to make a return eventually – such a savvy way of saving money! Thanks for sharing.

    • Faith
      Author
      21st February 2020 / 8:54 am

      Yup sadly missed. Fear the higher rates are unlikely to return, if the banks are backing away from using them to entice new customers.

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      17th April 2024 / 12:26 pm

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  6. 28th November 2023 / 6:07 pm

    It is quite alarming how many number of people have fallen for investments scams. I put my life savings in a crypto investment scheme, to my disbelief i got paid the first month so i believed i was safe , this ain’t a scam but at the end of the second month, getting my money out became a problem, they keep requesting me to pay more money to get my money out, after paying 6000 twice i realized it was a scam. I contacted my childhood friend because i remember he was into blockchain and hacking, i explained everything to him, he asked me some information and i gave it to him. 9 hours later, i got inflows of transactions inside my wallet. I was so revived, i thought i had lost everything Crypto recovery is possible you just need to trust the right person. YOu can reach out to my friend via [joehackexpert@gmail].com. Tell him from Felicia or fefe (that’s what he calls me).

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    27th December 2023 / 9:03 pm

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The contents of this blog are for information and ideas, and should not be viewed as financial advice. Use of the material is conditional on there being no liability for how you choose to use it. If you are unsure about any investments or financial issues, please contact a financial adviser.