Archive for the ‘Savings Maximiser’ Category

Summer Sizzlers II: Which Savings are Hot this Summer?

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Updated: 24/08/2015

For those who are looking for fixed rates or alternative savings ideas this summer, there are signs that the market is beginning to hot up by offering more competitive rates and bringing some much needed innovation. In the second of our two part summer feature, we let you know which savings accounts are performing well this summer by giving you our selection of summer sizzlers from the best the market has to offer.

Regardless of how long you can tie up your money, from instant access to long term savings alternatives, there should be something here for everyone from instant access and guaranteed fixed rates, to Cash ISAs and savings alternatives which offer the potential to beat what are still historically low savings rates.

Instant access – up to 1.40% AER variable

If you are looking for an instant access ISA, Nationwide’s Instant ISA Saver is currently paying 1.40% AER variable interest and can be opened by UK residents aged 16 and over from just £1. This simple, flexible account could be an option to consider if you are new to ISAs or are looking for a low-deposit ISA deal that is suitable for a young person over 16 who wants to start saving. For those who are seeking a non-ISA instant access savings deal and would prefer to receive monthly interest, the Online Instant Access Savings Account from State Bank of India offers an interest rate of 1.25% AER variable which is paid on a monthly basis. A minimum deposit of £500 is required to open this savings account.

Click here to find out more about instant access ISAs »

Click here to find out more about instant access savings accounts »

Instant access cash management – up to 1.63% AER variable

Savings Maximiser is a cash management service that compares the best buys from across the market and by regularly reviewing your accounts and making switches if a better rate is available, aims to secure a consistently competitive rate of interest. Aimed at those who want to retain instant access to their money at all times and have at least £25,000 to keep on deposit, the service offers full banking facilities and is simple, secure and saves you time. With the ever increasing number of savings rates on offer, the pace of change to market leading rates and potential interest rate rises on the horizon, this could be a perfect time to consider Savings Maximiser. Current rates available are up to 1.63% AER variable and there is a fixed monthly fee for this service.

Fair Investment view: “The upside to this type of account is that you have instant access to all of your money, whenever you want it, although there are still a few deals where the headline rate includes a bonus after 12 months so you may still need to plan ahead. However, we are also well into our seventh year of record low interest rates and the returns on offer from instant access are still low. With some signs that this may start to pick up, a cash management service which reviews the best rates for you could be a timely opportunity.”

Click here to find out more about Savings Maximiser »

Short term savings – 2.38% AER fixed for 2 years

For those who are able to tie up their money for two years and are also looking for a fixed rate of interest, the 2.38% AER on offer from Access Bank UK’s 2 Year Fixed Rate Bond is market leading. The minimum deposit is £5,000 and interest is paid at maturity. The account can be set up as a single or joint account and access to account information is online or via telephone. As with most fixed term accounts, no early withdrawals are permitted. You can apply online quickly and securely.

Fair Investment view: “A fixed rate bond such as this offers security for your capital, and you know exactly how much you will paid and when, but with savings rates still at some of their lowest levels of all time, even at 2.38% you could find that this type of savings account is offering significantly lower returns than the rates on offer a few years ago.” 

Click here to find out more about the Access Bank UK 2 Year Fixed Rate Bond » 
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Savings Maximiser: Instant Access Cash Management

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Savings Maximiser is now even better with reduced minimums and a fixed monthly cost, regardless of how much you save. Our cash management service is aimed at those with at least £25,000 and who want to retain instant access to their money at all times. Savings Maximiser aims to provide a consistently competitive rate of interest, while maintaining security for your savings.

Main features

The main features of the service are:

  • Comparing best buys from across the savings market
  • Instant access
  • Simple, secure and saving you time
  • Full banking facilities
  • Keeping you up to date with top fixed rate bonds and other savings alternatives
  • UK-only institutions with a banking licence providing FSCS peace of mind

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New launch cash management service – Savings Maximiser

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Savings Maximiser Image 2Fair Investment Company has launched a new cash management service aimed at those with £100,000+. The service is designed to provide customers with a consistently competitive rate of interest rate while maintaining security for their savings:

  • Comparing best buys from across the savings market
  • Offering a range of terms – fixed rate, notice and instant
  • UK-only institutions providing FSCS peace of mind
  • Simple, secure and time-saving

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