• Home
• Mortgage Quote
• Best Mortgage Deal
• Life Insurance Quotes
• Mortgage Protection Insurance
• Fee Free Mortgage Advice

• Mortgages
• Remortgages
• Bad Credit Mortgages
• Buy to Let Mortgages
• Life Insurance
• Home Ins
• Utility Switch
• Credit Check
• Conveyancing
• About Us
• Terms and Conditions
• Privacy Policy
• Contact Us
• Accessibility
• Site Map
• Mortgage Site Map
• Life Insurance Site Map
• News 2013
• News Achieve 2012
• News Achieve 2011
• News Achieve 2010
• News Achieve 2009
• News Achieve 2008
• News Achieve 2007
• Insurance News Achieve
• Articles Archive
• Recruitment
• ©Copyright 2023

Find a savings account with a consistently good rate

With each base rate cut, savings providers are cutting rates by different amounts on each accounts. As a result it is hard for savers to know where to move their money to get the best deal.

Some people are happy to chase best buy deals, constantly switching their money from one provider to another, but many would rather find an account paying a consistently good rate.

Moneyfacts Consistency Survey Jan 2009

• 79% of the most consistent accounts are from building societies
• Principality BS has the most consistent products, with five products in the consistency tables
• Sainsbury’s Finance continues to dominate the internet savings consistency table

See below for full consistency details.

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

“Savers are really having a difficult time at the moment, particularly those that rely on the income from their savings as their main source of income.

“With so many changes to rates going on in the market, it is difficult to know where to move your money to, as an account that tops best buys one minute may see its rate greatly reduced the next.

“The Moneyfacts consistency tables show the accounts that continue to pay a good rate of return. They may not be best buy rates, but had you left your money with them for 18 or 36 months, you would have achieved the best rate of return.

“If you are happy constantly switching your money then you can get higher returns, but many savers don’t have the time or inclination to keep moving accounts.

“Once again the percentage of accounts from building societies continues to increase, showing that savers shouldn’t just look to the big banks for the best deals.

“Taking five out of the 48 spaces, Principality BS has by far the most consistent products. Unlike many other providers it doesn’t constantly change the products it has on offer and maintains competitive rates of returns for its members.”

Cash ISA

Most consistent accounts over the last 18 months

Company	Account	Term	Min Deposit	Total Interest	Gross % (AER)  as at 1.1.09
Egg	Cash ISA	None	£1	£271.18	3.05% (3.05%)
Principality BS	e-ISA	None	£1	£269.61	3.10% (3.10%)
Kent Reliance BS	Direct Cash ISA	None	£1	£269.18	3.01% (3.01%)
Tipton & Coseley BS	Premier ISA	30 Day	£3600	£266.23	2.55%* (2.42%)
Yorkshire BS	e-ISA	None	£10	£258.27	3.30% (3.30%)
Earl Shilton BS	90 Day Cash ISA	90 Day	£10	£257.82	3.05% (3.05%)

* = Introductory rate for a minimum of 6 months.

Based on interest earned on £3,000 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 1.1.09
Kent Reliance BS	Direct Cash ISA	None	£1	£529.59	3.01% (3.01%)
Tipton & Coseley BS	Premier ISA	30 Day	£3600	£518.44	2.55%* (2.42%)
Yorkshire BS	e-ISA	None	£10	£514.51	3.30% (3.30%)
Earl Shilton BS	90 Day Cash ISA	90 Day	£10	£509.03	3.05% (3.05%)
Monmouthshire BS	Cash ISA 2	30 Day	£10	&p as at 1.1.09
Teachers BS	Minster 90 Plus	90 Day	£5000	£1,552.51	1.50% (1.50%)
Halifax	Extra Income Saver	90 Day	£5000	£1,544.96	1.75% (1.76%)
National Counties BS	Direct 90 Notice	90 Day	£5000	£1,533.05	2.06% (2.06%)
Skipton BS	Skipton Direct 30	30 Day	£10000	£1,505.78	1.75% (1.75%)
Principality BS	Monthly Income Issue 2	60 Day	£1	£1,501.08	1.90% (1.92%)
Buckinghamshire BS	Chiltern Gold Notice 90	90 Day	£100	£1,490.02	2.80% (2.80%)

Based on interest earned on £10,000 in 36 months to 1 January 2009

Best Buys as at 21 January 2009

Company	Account	Term	Min Deposit	Current Gross %(AER)	Consistently good product
FirstSave	90 Day Notice	90 Day	£100	4.25% (4.25%)
Secure Trust Bank	60 Day Notice Issue 2	60 Day	£2,000	4.17% (4.24%)
FirstSave	30 Day Notice	30 Day	£100	3.75% (3.75%)
Derbyshire BS	Postal 60 Triple Guarantee	60 Day	£250	3.55% (3.55%)
Darlington BS	Monthly Income Bond 2	50 Day	£10,000	3.45% (3.51%)
Whiteaway Laidlaw Bank	90 Day Notice	90 Day	£1,000	3.26% (3.26%)

 

Moneyfacts Group
Moneyfacts is the UK’s leading independent provider of personal financial information and our data is used and trusted throughout the financial industry.

 

Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.

Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd.

Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered in England & Wales Company 5703224. FCA Number 456600

We normally do not charge a fee for mortgage advice, however this is dependent on your circumstances. Our typical fee would be £349