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Joe Soap
Posted: 18 June 2023 12:50:31(UTC)
#24

Joined: 24/01/2010(UTC)
Posts: 2,157
Thanks all. It seems there's much more choice than I had anticipated.
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Johan De Silva
Posted: 18 June 2023 13:18:34(UTC)
#25

Joined: 22/07/2019(UTC)
Posts: 4,414
Where do I look to get the accurate yield on these? AJBell says 1.99% which seem way too low?

Do these beat Coventry building society's Four Access Saver (Online) 4.00 AER/Gross p.a or 3.93% Gross? You can make 4 withdrawals from here so it's hardly that limited.
https://www.coventrybuil...access-saver-online.html
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Joe Soap
Posted: 18 June 2023 13:43:29(UTC)
#27

Joined: 24/01/2010(UTC)
Posts: 2,157
Johan De Silva;270386 wrote:
Where do I look to get the accurate yield on these? AJBell says 1.99% which seem way too low?

Do these beat Coventry building society's Four Access Saver (Online) 4.00 AER/Gross p.a or 3.93% Gross? You can make 4 withdrawals from here so it's hardly that limited.
https://www.coventrybuil...access-saver-online.html

I think the platforms numbers are backward looking. That's what I think when I've been looking recently. I think you need to refer to the latest monthly factsheet that the OEICs usually release.
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1 user thanked Joe Soap for this post.
Johan De Silva on 18/06/2023(UTC)
Johan De Silva
Posted: 18 June 2023 14:03:44(UTC)
#28

Joined: 22/07/2019(UTC)
Posts: 4,414
Joe Soap;270387 wrote:
Johan De Silva;270386 wrote:
Where do I look to get the accurate yield on these? AJBell says 1.99% which seem way too low?

Do these beat Coventry building society's Four Access Saver (Online) 4.00 AER/Gross p.a or 3.93% Gross? You can make 4 withdrawals from here so it's hardly that limited.
https://www.coventrybuil...access-saver-online.html

I think the platforms numbers are backward looking. That's what I think when I've been looking recently. I think you need to refer to the latest monthly factsheet that the OEICs usually release.

I presume one has to look at "Yield to Maturity" eg here 4.47% for GB00BGB6GZ57 here:
https://www.vanguardinve...e-shares/portfolio-data

Platform fees would apply so if doing this via AJBell for example instead of Vanguard then 0.25% of the value of the investments in your account so effectively 4.22% and so becomes less attractive than a guaranteed building society account for the extra 0.22%.
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2 users thanked Johan De Silva for this post.
Joe Soap on 18/06/2023(UTC), Historyman on 09/08/2023(UTC)
Joe Soap
Posted: 18 June 2023 14:23:44(UTC)
#29

Joined: 24/01/2010(UTC)
Posts: 2,157
Johan De Silva;270388 wrote:
Joe Soap;270387 wrote:
Johan De Silva;270386 wrote:
Where do I look to get the accurate yield on these? AJBell says 1.99% which seem way too low?

Do these beat Coventry building society's Four Access Saver (Online) 4.00 AER/Gross p.a or 3.93% Gross? You can make 4 withdrawals from here so it's hardly that limited.
https://www.coventrybuil...access-saver-online.html

I think the platforms numbers are backward looking. That's what I think when I've been looking recently. I think you need to refer to the latest monthly factsheet that the OEICs usually release.

I presume one has to look at "Yield to Maturity" eg here 4.47% for GB00BGB6GZ57 here:
https://www.vanguardinve...e-shares/portfolio-data

Platform fees would apply so if doing this via AJBell for example instead of Vanguard then 0.25% of the value of the investments in your account so effectively 4.22% and so becomes less attractive than a guaranteed building society account for the extra 0.22%.

Yes, yield to maturity, I agree.

In my case, Interactive Investor doesn't levy a "funds tax" as it's a fixed flat rate platform fee.
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Sara G
Posted: 18 June 2023 14:39:34(UTC)
#22

Joined: 07/05/2015(UTC)
Posts: 4,038

Thanks: 13065 times
Was thanked: 16835 time(s) in 3507 post(s)
Nigel Harris;270381 wrote:
john brace;270371 wrote:
HL sipp drawdown pays 3-3.7% for cash. Isa etc somewhat less, but worth it if you are with them


Here is the link to HL's tiered interest rates on all financial products:

https://www.hl.co.uk/charges-and-interest-rates

There are several other money market funds if you want to spread your risk:

Fidelity Cash available as both income and accumulation units 0.15% fee.
BlackRock Cash also available as both income and accumulation units but with an expensive 0.24% fee.


Thanks Nigel - I can never find that page! It looks like the rates have improved.

I hold Fidelity Cash currently. With SONIA currently at 4.42%, I'm actually getting 3.82% which isn't much more than is available in a Drawdown account. I suppose it might end up a bit higher if rates carry on rising in the UK, but perhaps it isn't worth the bother.
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3 users thanked Sara G for this post.
Helen L on 18/06/2023(UTC), dlp6666 on 20/06/2023(UTC), Kevin Crane on 06/01/2024(UTC)
Monty Claret
Posted: 18 June 2023 15:02:36(UTC)
#30

Joined: 24/05/2015(UTC)
Posts: 294

Thanks: 1393 times
Was thanked: 644 time(s) in 195 post(s)
Joe Soap;270389 wrote:
Johan De Silva;270388 wrote:
Joe Soap;270387 wrote:
Johan De Silva;270386 wrote:
Where do I look to get the accurate yield on these? AJBell says 1.99% which seem way too low?

Do these beat Coventry building society's Four Access Saver (Online) 4.00 AER/Gross p.a or 3.93% Gross? You can make 4 withdrawals from here so it's hardly that limited.
https://www.coventrybuil...access-saver-online.html

I think the platforms numbers are backward looking. That's what I think when I've been looking recently. I think you need to refer to the latest monthly factsheet that the OEICs usually release.

I presume one has to look at "Yield to Maturity" eg here 4.47% for GB00BGB6GZ57 here:
https://www.vanguardinve...e-shares/portfolio-data

Platform fees would apply so if doing this via AJBell for example instead of Vanguard then 0.25% of the value of the investments in your account so effectively 4.22% and so becomes less attractive than a guaranteed building society account for the extra 0.22%.

Yes, yield to maturity, I agree.

In my case, Interactive Investor doesn't levy a "funds tax" as it's a fixed flat rate platform fee.



I hold a few MM funds. I have just looked at the Vanguard Overview page for their fund and surprised to read this.


"The Fund is an active fund. The Fund is not recommended for investors seeking an increase in the value of investments over the long-term (more than 5 years)."

Food for thought maybe.

ATB

Monty
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1 user thanked Monty Claret for this post.
Tim D on 18/06/2023(UTC)
ANDREW FOSTER
Posted: 18 June 2023 16:25:39(UTC)
#26

Joined: 23/07/2019(UTC)
Posts: 8,101

Thanks: 11340 times
Was thanked: 18200 time(s) in 5967 post(s)
Johan De Silva;270386 wrote:
Where do I look to get the accurate yield on these? AJBell says 1.99% which seem way too low?

Do these beat Coventry building society's Four Access Saver (Online) 4.00 AER/Gross p.a or 3.93% Gross? You can make 4 withdrawals from here so it's hardly that limited.
https://www.coventrybuil...access-saver-online.html


You have to look at the last month and multiply by 12.

No good looking at a year yield as rates have risen during that year....
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2 users thanked ANDREW FOSTER for this post.
Johan De Silva on 18/06/2023(UTC), Phil 2 on 01/07/2023(UTC)
Tim D
Posted: 18 June 2023 16:37:10(UTC)
#31

Joined: 07/06/2017(UTC)
Posts: 8,883

Thanks: 33209 times
Was thanked: 24362 time(s) in 7229 post(s)
Monty Claret;270392 wrote:
I hold a few MM funds. I have just looked at the Vanguard Overview page for their fund and surprised to read this.

"The Fund is an active fund. The Fund is not recommended for investors seeking an increase in the value of investments over the long-term (more than 5 years)."

Food for thought maybe.


Think this might be something to do with the FCA... a few years ago they decided some punters were sitting on too much cash and needed a nudge into more growthy assets (of course while simultaneously hand-wringing about other punters being too risk-on in crypto, day-trading "stonks" etc)

Not sure whether they've already specified some standard text for cash/MMF funds. But there is certainly something coming in December that pensions (including DIY SIPPs?) will have to warn investors if they're exceeding some thresholds (basically >25% cash for 6 months). See https://www.ftadviser.co...place-pensions-changing/
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4 users thanked Tim D for this post.
Monty Claret on 18/06/2023(UTC), Taltunes on 27/06/2023(UTC), Peter61 on 30/06/2023(UTC), Phil 2 on 01/07/2023(UTC)
RW5
Posted: 18 June 2023 18:49:51(UTC)
#33

Joined: 05/02/2019(UTC)
Posts: 34

Thanks: 106 times
Was thanked: 34 time(s) in 16 post(s)
Another Money Market Fund mentioned on the forums, I believe- Premier Miton UK Money Market Fund

https://www.premiermiton...n-uk-money-market-fund/

According to the website now paying 4.96% Distribution Yield.
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4 users thanked RW5 for this post.
Joe Soap on 18/06/2023(UTC), Dexi on 19/06/2023(UTC), dlp6666 on 20/06/2023(UTC), Phil 2 on 01/07/2023(UTC)
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