Best savings account?

[mattyfez]

I've had an email to tell me it becomes an Instant Access Saver Issue 10 at 2.4% AER/gross

Yeah that's a terrible rate... I've just opened an easy access account with Oxbury at 4.87% AER found here: https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#easyaccess

its variable rate, but its twice as much interest currently.

 

[Raymond Lin]

Yeah that's a terrible rate... I've just opened an easy access account with Oxbury at 4.87% AER found here: https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#easyaccess

its variable rate, but its twice as much interest currently.

Minimum £25,000 though !!!

 

[mattyfez]

Minimum £25,000 though !!!

True, chip do one at 5%, no minumum deposit but I didn't get that as I already hold money with them and max 3 withdrawals per year...

 

[Disco_P]

Oh, then might as well put it back to Chase then.

Yeah, their replacement reg saver is 6.5% so not worth it to me.

 

[CaptainRAVE]

I've had an email to tell me it becomes an Instant Access Saver Issue 10 at 2.4% AER/gross

Will chuck mine into premium bonds I think.

 

[zaniro]

You can get money market funds that track the SONIA rate for as little a fee as 0.07%. Good option for low risk in a S&S ISA.

 

[Richie]

My Nationwide ISA and Reg Saver mature in the next 5 weeks.... Any recommendations what to do with £10k with 2 simple caveats:

I have no intention on touching this money as it is there to be used in case I become unemployed at any point
I won't need immediate access to it but it cannot be untouchable for x amount of years either given its purpose.

Essentially it needs to be accessible but only for the unemployment scenario.

 

[dlockers]

My Nationwide ISA and Reg Saver mature in the next 5 weeks.... Any recommendations what to do with £10k with 2 simple caveats:

I have no intention on touching this money as it is there to be used in case I become unemployed at any point
I won't need immediate access to it but it cannot be untouchable for x amount of years either given its purpose.

Essentially it needs to be accessible but only for the unemployment scenario.

Zopa ISA, you lock in for as long/as little as you want.

 

[smokedog]

Zopa ISA, you lock in for as long/as little as you want.

Why not Chips Cash ISA they offer a higher rate 4.84%?

 

[dlockers]

Why not Chips Cash ISA they offer a higher rate 4.84%?

No reason - I found Zopa first I guess! Chip looks great too.

Easy access on Zopa is 4.8% ATM.

Edit: I can't see a fixed account with Chip - I can easily lock away in Zopa for 1 to 5 years:

 

[200sols]

Why not T212 cash ISA @ 5.1%

 

[bigmike20vt]

my initial experience of chip has been very positive.
(in my defence i was tired) i tried to open an isa, i was a new customer so was looking at 5.12% however by mistake i opened a savings account (still 5% which is nice but presumably not tax free). I noticed my error a day later - at which point i think i had passed the deadline for the boosted percentage rate, so i opened the isa anyway at 4.8% (i was no longer a new customer) and transferred the money from the savings account into the isa.

on the off chance i fired an email to their support asking if i could get the new customer boost anyway as i am an idiot and opened the wrong account, and they added it for me.

so all in all, i am pretty pleased at their support as they had my money anyway, so they had no incentive to give me the extra interest.

 

[dlockers]

Why not T212 cash ISA @ 5.1%

T'is a good question - I expect T212 is a slightly more diversified biz than Chip and Zopa too.

 

[Gixer]

Why not T212 cash ISA @ 5.1%

I've just read about this on moneysavingexpert. Tempted to pull out of bonds and dump it in T212 as at least it is guaranteed interest.

 

[kona786]

Still getting 6% @ Gatehouse locked till Feb.

 

[Goksly]

Still getting 6% @ Gatehouse locked till Feb.

Is this still available? Just had a look on their site and doesn't look like it...?

 

[kona786]

Is this still available? Just had a look on their site and doesn't look like it...?

No. I locked in for 18 months.

 

[Goksly]

Ah so more of an FYI rather than anything helpful

 

[kona786]

Ah so more of an FYI rather than anything helpful

Yup. Just a mild flex

 

[pepp77]

Recommendations for £500 a month to be put into. Shouldn't be accessed at anytime during the savings period if things don't go completely **** up