Savings acct. linked to B of E Base Rate?

vegtablepatch

:hello:
I have a Mortgage account with Abbey at 0.49% above B of E base which is not subject to change (ie: review below 3% does not apply). I have £50000.00 funds available in my account that I can access but shall not be spending as I am expecting to be made redundant.

Is there a savings account linked to the base rate, that would provide me with a profit? or... any other form of suitable investment to give me an added income?
I have used this years cash ISA.

Any suggestions would be appreciated.
Thanks.
Vegie.

opinions4u

Halifax Web Saver Reward 5% gross, 4% net is fixed - ideal if BofE goes down, and you can get the money out if BofE goes up.

Bank of Scotland IASA Reward is similar at 5.8% but needs £5k in it.

I doubt you'll find any base rate tracker accounts that will give you a profit after tax though.

vegtablepatch

opinions4u wrote: »

Halifax Web Saver Reward 5% gross, 4% net is fixed - ideal if BofE goes down, and you can get the money out if BofE goes up.

Bank of Scotland IASA Reward is similar at 5.8% but needs £5k in it.

I doubt you'll find any base rate tracker accounts that will give you a profit after tax though.

Thanks for such a quick response. I will check their web sites.
Vegie.

apt

The Britannia Direct Saver Reserve (currently 6%) tends to move with the base rate and has a 1% bonus for 6 months if opened by 31 December. But you still wouldn't necessarily make a profit after you've paid tax on your saving interest.