Best savings account?

Zefan said:
Surely for those in the shoes of yourself @beachBOYken I would expect they'd just demand you now submit tax returns?
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Im not up to scratch on all this, but why would they do that?

Its only some savings I had that were not tax free, Im not a high earner or anything, I will have more in tax free saving soon, so not why they would demand tax returns.
 
You dont need to do a tax return on low sums if you dont already do one. Honestly people try and over complicate it. Just pay what they ask when you get the letter or manage it through your personal tax account. You should be keeping your own sums of interest paid over the tax free allowances and be ready to pay it.
 
beachBOYken said:
Im not up to scratch on all this, but why would they do that?

Its only some savings I had that were not tax free, Im not a high earner or anything, I will have more in tax free saving soon, so not why they would demand tax returns.
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Yeah you're right it does make sense not to and simply to rely on reporting from banks, which I presume is how that works. I think I just have a bit of a jaded view of HMRC that I probably need to calibrate back to reality!
 
200sols said:
You dont need to do a tax return on low sums if you dont already do one. Honestly people try and over complicate it. Just pay what they ask when you get the letter or manage it through your personal tax account. You should be keeping your own sums of interest paid over the tax free allowances and be ready to pay it.
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That’s what I did yesterday, created a personal tax account and paid what I owed.
 
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Top cash ISAs 2024/25

Get tax free interest on savings of up to £20,000. Martin Lewis compares the best ISA rates in our top picks cash ISA guide to get the most from your savings.
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Plum are now the highest Cash ISA (5.01%) + £10 cashback
 
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Slam62 said:
The wife and I had the same, I’m taking the view that it’ll all sort itself out in the long term.
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I keep a spreadsheet of the interest and type of account for the year. If I get a underpayment letter from HMRC then I can cross check their maths quickly and let them adjust my tax code accordingly.
I don't trust it to always be correct, but once it is then I can archive it.
 
DJMK4 said:
Cheers will take a look
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Plum is a bit odd in that they pay you interest the month after, on the last business day. Still good rate and worth getting though, but just something to bear in mind if you don't see anything after the first month.
Took about 3 weeks with a transfer too.
 
Anyone used Flagstone?

Likely to have a chunk of cash for 6-12 months and need to spread it over a few accounts seems like an easy way to do it and track it all
 
mattx4 said:
Anyone used Flagstone?

Likely to have a chunk of cash for 6-12 months and need to spread it over a few accounts seems like an easy way to do it and track it all
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I think I have or perhaps Raisin, which is similar. It's basically a front-end marketplace for other banking offers. Had no issue with them and as long as the offers chosen are FSCS protected, not an issue (assuming of course the FSCS protection is per banking investment and not under the front-end marketplace if you're dumping more than 85k across institutions).
 
What's the top easy access saving account currently?

Chase boost comes to end so will drop down to 3.5%.

Looking at Chip 4.7%, they any good? not just the rate, but Im talking about customer service, ease of access transferring money.
 
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