Can anyone better this deal?

[DimPrawn]

http://www.askbm.co.uk/savings/t/fixed/intro.asp

This is a limited issue bond which gives you a fixed rate of interest over an agreed term. Our current issue offers a fixed rate of 6.76% gross / 6.97% AER* for 6 months.

Looking for best savings interest rate, up to 6 months tie-in.

[milanbenes]

Dim,

please allow me to give you a word of advice,

it's not the % interest rate which is important,

what is important,

is the credit S&P rating of the bank/instituation/whathaveyou behind the offer.

Speaking for myself, if the bank/instituation/whathaveyou where I store my cash is not AAA (and there are currently only ten banks in the world which are still AAA) then I am not going to put money there. And as you can imagine, the AAA banks are not doing riskier investments and therefore with the AAA's you should expect an interest rate of 3 to 4 %.

The message of the story is, if the interest rate is too good to be true, make some research into the bank behind the interest rate before parking your hard earned there.

All the best,

Milan.

[sasguru]

I like this one, not as good rate, but easy access. Also has a strong capital ratio compared to local banks of 17.5%

http://www.icicibank.co.uk/

[ace00]

The message of the story is, if the interest rate is too good to be true, make some research into the bank behind the interest rate before parking your hard earned there.

All the best,

Milan.

Well, they're backed by the government. I think 50k would be pretty safe. Small change I know to the Prawn.

[ace00]

I like this one, not as good rate, but easy access. Also has a strong capital ratio compared to local banks of 17.5%

http://www.icicibank.co.uk/

Much cheapness.

[Moscow Mule]

Well, they're backed by the government. I think 50k would be pretty safe. Small change I know to the Prawn.

The Millionaire Dim Prawn

[DimPrawn]

Well, they're backed by the government. I think 50k would be pretty safe. Small change I know to the Prawn.

With the Mrs that's £100K covered by the protection scheme.

Anyone beat that rate?

[sasguru]

Much cheapness.

Plenty safeness.

[TheFaQQer]

With the Mrs that's £100K covered by the protection scheme.

Bear in mind that BM are owned by HBOS, so if you have any money in the group then you may not get all your money back.

HBOS group:

• AA
• Birmingham Midshires
• Bank of Scotland
• Halifax
• IF
• Saga

HTH

[TheFaQQer]

If you are putting it away for 6 months, then you won't beat the BM offer.

If you want three months, you can get 6.5% at Halifax.

If you want instant access then ICICI and BM do a 6.6%.