My saving mature on the 27th, what options do i have?

manhattan

Hi,
I have around 30k in a halifax account that matures tomorrow so i am just looking for what options there are.

The rate changes tomorrow to 0.1% so i want to do something with it. The requirements i am looking for are:

Instant access account
No risk
Maximum gain



I was going to put it in premium bonds but i want to see what other options there are first.

Many thanks.

manhattan

By the way, at the minute i am a non tax payer so i qualify for gross interest

Lokolo

http://www.fsa.gov.uk/tables/bespoke/SavingsAccount
and
http://www.moneysupermarket.com/savings/

Try those first

ray123

ING is currently paying 2.75% (this is including a bonus of 2.22% for 1 year). This seems to be the highest rate for instant access.
http://www.moneysupermarket.com/savings/compareresults.aspx?enquiryId=11778497

If you were willing to place part of the money into a fixed rate bond, depending on your circumstanced, a rate of 4% (1 year fixed term bond) is possible with ICICI Bank UK:
http://www.moneysupermarket.com/savings/compareresults.aspx?enquiryId=11778497

opinions4u

manhattan wrote: »

Hi,
I have around 30k in a halifax account that matures tomorrow so i am just looking for what options there are.

They do have some decent fixed rate deals at Halifax at the moment, especially fixed rate Web Saver with 3.6% for a year or 4.15% for 2 years.

Instant access account
No risk
Maximum gain

I was going to put it in premium bonds but i want to see what other options there are first.

Premium Bonds don't exactly meet the criteria you lay down. Access isn't instant, you risk earning nothing and the maximum gain you want is based on a probability of earning less than a new savings account elsewhere.

Why do you need instant access? Would a mix of a fixed term savings plan (for higher rate) and some in an instant access account be better for you?

www.moneysupermarket.com/savings gives you a chance to work out who has the best rates for what you want to do.

Just don't assume that all your funds have to be in the same account. Some for today (instant) and some for tomorrow (fixed) may help you get a better return while ensuring you still have easy access to the funds you need to be able to get to.

nzseries1

Also look here :
http://www.moneysavingexpert.com/savings/savings-accounts-best-interest