Best savings account?

beachBOYken said:
When or is there a best time to open premium bonds account, just thinking off when they do the prize draw.
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The funds need to be in a whole calendar month before a prize draw.

So if you deposit now, you won't be in the draw until 1st March as they'll need to be in the whole of February.
 
ljt said:
The funds need to be in a whole calendar month before a prize draw.

So if you deposit now, you won't be in the draw until 1st March as they'll need to be in the whole of February.
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Thanks, so best to open towards end of month.

I like the idea of this as its tax free and I can take funds out as and when.
 
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beachBOYken said:
Thanks, so best to open towards end of month.

I like the idea of this as its tax free and I can take funds out as and when.
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Yeah could do, although it doesn't really matter whether you open it now or next week really, just means the money is either in your own bank account longer or in the PB account really. (Unless you're currently earning interest on the money in your bank/savings account, then leave it in your own accounts for another week)
 
beachBOYken said:
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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I've just moved from chip to chetwood, higher percentage

That chip one is only 3 withdrawals a year max

My chip was 3.75% unlimited withdrawals
 
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Trading 212 is offering a 12 month 0.15% boost to new customers, which given they are consistently near the top puts them in the lead.

(While I seethe at a paltry 4.9%)
 
beachBOYken said:
Thanks, so best to open towards end of month.

I like the idea of this as its tax free and I can take funds out as and when.
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The premium bonds vs savings argument will continue until the cows come home. If it's your only savings I would do some research as there are better returns on investment to be had elsewhere IMO.
 
Speaking of Premium Bonds, logged in to see if my account was still working and I was surprised to find £50 in there I must have left in. I haven't used the account since 2021 or so!
 
~Mike~ said:
That's because T212 have increased the bonus from 0.15% to 0.20% today, 2nd rise in less than a week.
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I'm only seeing 4.90%, signed up with the link... :confused:

Are people seeing 5.10% under AER?

Edit: Ok, looks like mine didn't apply during registration, you can apply the promo code within the app, code is 'TIM'.
 
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I might just stick with t212 as its so easy and sits alongside my S&S isa so transferring from cash to S&S is simple
 
MatsyLR said:
Rather peeved that existing don't get the increase
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I'm about to dump a lot in there too.
I will have a look at the delta between t212 and best and see if it's worth faff of a transfer.
For 0.2pc? Probably not.
0.5pc? Probably

Edit. 0.2pc it is by looks of things. I'll just stick with t212
 
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I will add I've actually just opened a natwest current account to make use of the regular saver. If interest rates stay same over the mid term it's regular saver is a bit unique.

Its only 150 a month max deposit. But.. It doesn't reset every year. You can save over time up to 5k.
It's over 6pc interest at the moment.

Just thought I'd throw it out there.

About 2.5 years of saving would net you the max balance.
 
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