Best of the Week
Most Popular
1. The Trump Stock Market Trap May Be Triggered - Barry_M_Ferguson
2.Why are Central Banks Buying Gold and Dumping Dollars? - Richard_Mills
3.US China War - Thucydides Trap and gold - Richard_Mills
4.Gold Price Trend Forcast to End September 2019 - Nadeem_Walayat
5.Money Saving Kids Gardening Growing Giant Sunflowers Summer Fun - Anika_Walayat
6.US Dollar Breakdown Begins, Gold Price to Bolt Higher - Jim_Willie_CB
7.INTEL (INTC) Stock Investing to Profit From AI Machine Learning Boom - Nadeem_Walayat
8.Will Google AI Kill Us? Man vs Machine Intelligence - N_Walayat
9.US Prepares for Currency War with China - Richard_Mills
10.Gold Price Epochal Breakout Will Not Be Negated by a Correction - Clive Maund
Last 7 days
This Is Your Last Chance to Dump Netflix Stock - 19th July 19
Gold and US Stock Mid Term Election and Decade Cycles - 19th July 19
Precious Metals Big Picture, as Silver Gets on its Horse - 19th July 19
This Technology Everyone Laughed Off Is Quietly Changing the World - 19th July 19
Green Tech Stocks To Watch - 19th July 19
Double Top In Transportation and Metals Breakout Are Key Stock Market Topping Signals - 18th July 19
AI Machine Learning PC Custom Build Specs for £2,500 - Scan Computers 3SX - 18th July 19
The Best “Pick-and-Shovel” Play for the Online Grocery Boom - 18th July 19
Is the Stock Market Rally Floating on Thin Air? - 18th July 19
Biotech Stocks With Near Term Catalysts - 18th July 19
SPX Consolidating, GBP and CAD Could be in Focus - 18th July 19
UK House Building and Population Growth Analysis - 17th July 19
Financial Crisis Stocks Bear Market Is Scary Close - 17th July 19
Want to See What's Next for the US Economy? Try This. - 17th July 19
What to do if You Blow the Trading Account - 17th July 19
Bitcoin Is Far Too Risky for Most Investors - 17th July 19
Core Inflation Rises but Fed Is Going to Cut Rates. Will Gold Gain? - 17th July 19
Boost your Trading Results - FREE eBook - 17th July 19
This Needs To Happen Before Silver Really Takes Off - 17th July 19
NASDAQ Should Reach 8031 Before Topping - 17th July 19
US Housing Market Real Terms BUY / SELL Indicator - 16th July 19
Could Trump Really Win the 2020 US Presidential Election? - 16th July 19
Gold Stocks Forming Bullish Consolidation - 16th July 19
Will Fed Easing Turn Out Like 1995 or 2007? - 16th July 19
Red Rock Entertainment Investments: Around the world in a day with Supreme Jets - 16th July 19
Silver Has Already Gone from Weak to Strong Hands - 15th July 19
Top Equity Mutual Funds That Offer Best Returns - 15th July 19
Gold’s Breakout And The US Dollar - 15th July 19
Financial Markets, Iran, U.S. Global Hegemony - 15th July 19
U.S Bond Yields Point to a 40% Rise in SPX - 15th July 19
Corporate Earnings may Surprise the Stock Market – Watch Out! - 15th July 19
Stock Market Interest Rate Cut Prevails - 15th July 19
Dow Stock Market Trend Forecast Current State July 2019 Video - 15th July 19
Why Summer is the Best Time to be in the Entertainment Industry - 15th July 19
Mid-August Is A Critical Turning Point For US Stocks - 14th July 19
Fed’s Recessionary Indicators and Gold - 14th July 19
The Problem with Keynesian Economics - 14th July 19
Stocks Market Investors Worried About the Fed? Don't Be -- Here's Why - 13th July 19
Could Gold Launch Into A Parabolic Upside Rally? - 13th July 19
Stock Market SPX and Dow in BREAKOUT but this is the worrying part - 13th July 19
Key Stage 2 SATS Tests Results Grades and Scores GDS, EXS, WTS Explained - 13th July 19
INTEL Stock Investing in Qubits and AI Neural Network Processors - Video - 12th July 19
Gold Price Selloff Risk High - 12th July 19
State of the US Economy as Laffer Gets Laughable - 12th July 19
Dow Stock Market Trend Forecast Current State - 12th July 19
Stock Market Major Index Top In 3 to 5 Weeks? - 11th July 19
Platinum Price vs Gold Price - 11th July 19
What This Centi-Billionaire Fashion Magnate Can Teach You About Investing - 11th July 19
Stock Market Fundamentals are Weakening: 3000 on SPX Means Nothing - 11th July 19
This Tobacco Stock Is a Big Winner from E-Cigarette Bans - 11th July 19
Investing in Life Extending Pharma Stocks - 11th July 19
How to Pay for It All: An Option the Presidential Candidates Missed - 11th July 19
Mining Stocks Flash Powerful Signal for Gold and Silver Markets - 11th July 19
5 Surefire Ways to Get More Viewers for Your Video Series - 11th July 19

Market Oracle FREE Newsletter

Top AI Stocks Investing to Profit from the Machine Intelligence Mega-trend

Building Societies Continue to Beat Banks in Cash ISA and Savings Interest Rates Consistency

Personal_Finance / Savings Accounts Apr 15, 2009 - 11:25 AM GMT

By: MoneyFacts

Personal_Finance Best Financial Markets Analysis ArticleBuilding societies retain consistency crown - Building societies once again reign supreme, taking 77% of the top spots in the Moneyfacts consistency survey. The string of consecutive base rate cuts has resulted in lower returns for savers and the majority of the most consistent returns are provided by the same providers.


Moneyfacts consistency survey April 2009:

  • Bath BS, Halifax, Principality BS and Teachers BS take the title of most consistent providers
  • Sainsbury’s Finance’s Internet Saver continues to be the most consistent internet account
  • Beverley BS Postal Account retains the title of most consistent no notice account over both 18 and 36 months

See below for full consistency details.

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

“Many savers don’t have the time or inclination to keep switching between accounts to secure best buy rates. Instead they look for an account offering a competitive rate of interest which is maintained despite market movements.  

“With so many changes in the market recently, consistency has become more important than ever with many accounts paying best buy rates one minute but gone the next.

“Taking more than three quarters of the top spots, building societies once again increase their dominance in the Moneyfacts consistency survey. Savers looking to make the most of their money shouldn’t just look to their bank for their savings needs.

“It is encouraging to see the Halifax doubling its presence to become one of the most consistent providers, as no other high street bank features in the top spots.

“Sainsbury’s Finance continues its dominance of the internet savings market, with its Internet Saver taking top spot for the fifth quarter running.

“With base rate at an all time low, it is inevitable that savers are seeing lower returns than this time last year, but by putting in a small amount of work to find the best home for your money, you could avoid being hit so harshly.”

Cash ISA

Most consistent accounts over the last 18 months

Company Account Term Min
Deposit
Total Interest Gross % (AER)
as at 6.4.09
Tipton & Coseley BS Premier ISA 30 Day £3600 £260.57 2.00%* (1.87%)
Principality BS e-ISA None £1 £243.07 1.80% (1.80%)
Kent Reliance BS Direct Cash ISA None £1 £237.51 1.42% (1.42%)
Earl Shilton BS 90 Day Cash ISA 90 Day £10 £232.94 1.95% (1.95%)
Yorkshire BS e-ISA None £10 £230.58 1.90% (1.90%)
Saffron BS 180 Day ISA Issue 2 180 Day £1,000 £228.53 1.05% (1.05%)
* = Introductory rate for a minimum of 6 months. Based on interest earned on £3,000 in 18 months to 6 April 2009Most consistent accounts over the last 36 months
Company Account Term Min
Deposit
Total Interest Gross % (AER)
as at 6.4.09
Tipton & Coseley BS Premier ISA 30 Day £3600 £522.36 2.00%* (1.87%)
Kent Reliance BS Direct Cash ISA None £1 £505.40 1.42% (1.42%)
Yorkshire BS e-ISA None £10 £493.78 1.90% (1.90%)
National Savings & Investments Direct ISA None £100 £493.19 1.30% (1.30%)
Earl Shilton BS 90 Day Cash ISA 90 Day £10 £491.20 1.95% (1.95%)
Leek United BS Cash ISA Instant £1 £484.44 2.00% (2.00%)
Based on interest earned on £3,000 in 36 months to 6 April 2009

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 6.4.09

ICICI Bank UK HiSAVE Savings None £1

£84.94

2.43% (2.46%)

Yorkshire BS Internet Saver Instant £1

£80.68

2.10% (2.10%)

Principality BS e-SAVER None £1

£80.36

1.65% (1.65%)

Birmingham Midshires Direct Internet Savings None £1

£72.65

1.40% (1.40%)

Sainsbury’s Finance Internet Saver None £1

£71.50

0.75% (0.75%)

Saffron BS e-saver Issue 2 None £1,000

£69.02

0.60% (0.60%)

Based on interest earned on £1,000 in 18 months to 6 April 2009

Most consistent accounts over the last 36 months

Company Account Term Min
Deposit
Total Interest
(Gross)
Gross % (AER)
as at 6.4.09
Sainsbury’s Finance Internet Saver None £1 £158.01 0.75% (0.75%)
Nationwide BS e-Savings None £1 £149.88 0.45% (0.45%)
Coventry BS NetSave Instant lll Instant £1 £142.08 0.50% (0.50%)
Norwich & Peterborough BS NetmasterGold Save ll None £1 £139.59 0.50% (0.50%)
Halifax     Web Saver None £5,000 £134.38 0.15% (0.15%)
Halifax     Web Saver Cash Card Instant £10 £132.82 0.25% (0.25%)
Based on interest earned on £1,000 in 36 months to 6 April 2009

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 6.4.09
Beverley BS Postal Account None £5,000 £756.02 1.65% (1.65%)
Teachers BS Call Save None £1 £732.29 1.60% (1.60%)
Birmingham Midshires Direct Telephone Savings None £1 £726.44 1.40% (1.40%)
Bath BS Direct Saver None £2,500 £703.10 1.70% (1.70%)
Stroud & Swindon BS Premium Reward Issue 2 Instant £5,000 £675.32 0.50% (0.50%)
Derbyshire BS EasySave Tracker Issue 2 None £100 £674.55 0.50% (0.50%)

Based on interest earned on £10,000 in 18 months to 6 April 2009

Most consistent accounts over the last 36 months

Company Account Term Min
Deposit
Total Interest
(Gross)
36 months
Gross % (AER) as at 6.4.09
Beverley BS Postal Account None £5,000 £1,591.55 1.65% (1.65%)
Teachers BS Call Save None £1 £1,563.60 1.60% (1.60%)
Bath BS Direct Saver None £2,500 £1,515.97 1.70% (1.70%)
Britannia BS Direct Saver None £100 £1,491.78 0.50% (0.50%)
Chesham BS Save Direct 2nd Issue None £2,500 £1,481.17 0.75% (0.75%)
Principality BS Postal None £1 £1,441.44 0.50% (0.50%)
Based on interest earned on £10,000 in 36 months to 6 April 2009

Notice savings accounts (without bonus)

Most consistent accounts over the last 18 months
Company Account Term Min
Deposit
Total Interest Gross % (AER) as at 6.4.09
Chesham BS Save Direct 90 90 Day £10,000 £747.73 1.25% (1.25%)
Teachers BS Minster 90 Plus 90 Day £5,000 £684.01 1.00% (1.00%)
National Counties BS Direct 90 Notice 90 Day £5,000 £678.25 1.41% (1.41%)
Halifax Extra Income Saver 90 Day £5,000 £665.68 0.25% (0.25%)
Buckinghamshire BS Chiltern Gold Notice 90 90 Day £100 £661.70 1.15% (1.15%)
Bath BS Lifestyle 60 60 Day £5,000 £656.89 1.35% (1.35%)

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)
as at 6.4.09
Teachers BS Minster 90 Plus 90 Day £5,000 £1,481.00 1.00% (1.00%)
National Counties BS Direct 90 Notice 90 Day £5,000 £1,459.38 1.41% (1.41%)
Halifax Extra Income Saver 90 Day £5,000 £1,458.50 0.25% (0.25%)
Buckinghamshire BS  Chiltern Gold Notice 90 90 Day £100 £1,429.56 1.15% (1.15%)
Bath BS Lifestyle 60 60 Day £5,000 £1,422.84 1.35% (1.35%)
Principality BS Monthly Income Issue 2 60 Day £1 £1,417.91 0.40% (0.40%)

Based on interest earned on £10,000 in 36 months to 6 April 2009

www.moneyfacts.co.uk - The Money Search Engine

Moneyfacts.co.uk is the UK's leading independent provider of personal finance information. For the last 20 years, Moneyfacts' information has been the key driver behind many personal finance decisions, from the Treasury to the high street.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules