Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
CATHY WOOD ARK GARBAGE ARK Funds Heading for 90% STOCK CRASH! - 22nd Jan 22
Gold Is the Belle of the Ball. Will Its Dance Turn Bearish? - 22nd Jan 22
Best Neighborhoods to Buy Real Estate in San Diego - 22nd Jan 22
Stock Market January PANIC AI Tech Stocks Buying Opp - Trend Forecast 2022 - 21st Jan 21
How to Get Rich in the MetaVerse - 20th Jan 21
Should you Buy Payment Disruptor Stocks in 2022? - 20th Jan 21
2022 the Year of Smart devices, Electric Vehicles, and AI Startups - 20th Jan 21
Oil Markets More Animated by Geopolitics, Supply, and Demand - 20th Jan 21
WARNING - AI STOCK MARKET CRASH / BEAR SWITCH TRIGGERED! - 19th Jan 22
Fake It Till You Make It: Will Silver’s Motto Work on Gold? - 19th Jan 22
Crude Oil Smashing Stocks - 19th Jan 22
US Stagflation: The Global Risk of 2022 - 19th Jan 22
Stock Market Trend Forecast Early 2022 - Tech Growth Value Stocks Rotation - 18th Jan 22
Stock Market Sentiment Speaks: Are We Setting Up For A 'Mini-Crash'? - 18th Jan 22
Mobile Sports Betting is on a rise: Here’s why - 18th Jan 22
Exponential AI Stocks Mega-trend - 17th Jan 22
THE NEXT BITCOIN - 17th Jan 22
Gold Price Predictions for 2022 - 17th Jan 22
How Do Debt Relief Services Work To Reduce The Amount You Owe? - 17th Jan 22
RIVIAN IPO Illustrates We are in the Mother of all Stock Market Bubbles - 16th Jan 22
All Market Eyes on Copper - 16th Jan 22
The US Dollar Had a Slip-Up, but Gold Turned a Blind Eye to It - 16th Jan 22
A Stock Market Top for the Ages - 16th Jan 22
FREETRADE - Stock Investing Platform, the Good, Bad and Ugly Review, Free Shares, Cancelled Orders - 15th Jan 22
WD 14tb My Book External Drive Unboxing, Testing and Benchmark Performance Amazon Buy Review - 15th Jan 22
Toyland Ferris Wheel Birthday Fun at Gulliver's Rother Valley UK Theme Park 2022 - 15th Jan 22
What You Should Know About a TailoredPay High Risk Merchant Account - 15th Jan 22
Best Metaverse Tech Stocks Investing for 2022 and Beyond - 14th Jan 22
Gold Price Lagging Inflation - 14th Jan 22
Get Your Startup Idea Up And Running With These 7 Tips - 14th Jan 22
What Happens When Your Flight Gets Cancelled in the UK? - 14th Jan 22
How to Profit from 2022’s Biggest Trend Reversal - 11th Jan 22
Stock Market Sentiment Speaks: Are We Ready To Drop To 4400SPX? - 11th Jan 22
What's the Role of an Affiliate Marketer? - 11th Jan 22
Essential Things To Know Before You Set Up A Limited Liability Company - 11th Jan 22
NVIDIA THE KING OF THE METAVERSE! - 10th Jan 22
Fiscal and Monetary Cliffs Have Arrived - 10th Jan 22
The Meteoric Rise of Investing in Trading Cards - 10th Jan 22
IBM The REAL Quantum Metaverse STOCK! - 9th Jan 22
WARNING Failing NVME2 M2 SSD Drives Can Prevent Systems From Booting - Corsair MP600 - 9th Jan 22
The Fed’s inflated cake and a ‘quant’ of history - 9th Jan 22
NVME M2 SSD FAILURE WARNING Signs - Corsair MP600 1tb Drive - 9th Jan 22
Meadowhall Sheffield Christmas Lights 2021 Shopping - Before the Switch on - 9th Jan 22
How Does Insurance Work In Europe? Find Out Here - 9th Jan 22
MATTERPORT (MTTR) - DIGITIZING THE REAL WORLD - METAVERSE INVESTING 2022 - 7th Jan 22
Effect of Deflation On The Gold Price - 7th Jan 22
Stock Market 2022 Requires Different Strategies For Traders/Investors - 7th Jan 22
Old Man Winter Will Stimulate Natural Gas and Heating Oil Demand - 7th Jan 22
Is The Lazy Stock Market Bull Strategy Worth Considering? - 7th Jan 22
METAVERSE - NEW LIFE FOR SONY AGEING GAMING GIANT? - 6th Jan 2022
What Elliott Waves Show for Asia Pacific Stock and Financial Markets 2022 - 6th Jan 2022
Why You Should Register Your Company - 6th Jan 2022
4 Ways to Invest in Silver for 2022 - 6th Jan 2022
UNITY (U) - Metaverse Stock Analysis Investing for 2022 and Beyond - 5th Jan 2022
Stock Market Staving Off Risk-Off - 5th Jan 2022
Gold and Silver Still Hungover After New Year’s Eve - 5th Jan 2022
S&P 500 In an Uncharted Territory, But Is Sky the Limit? - 5th Jan 2022

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

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