waht are the 2 highest paying instant access accounts please

dorsetjohn_3

My wife and I have £170,000 to bank
We will have to have 2 joint accounts so we are protected
We would like Instant access to the cash with interest paid monthly in full and not after a year on some intro. rates like egg

Now guys , been looking but havent found anything great ..... so What are the 2 highest paying accounts out there that would suit our criteria

many thanks

dwsjarcmcd

When you say you haven't found anything 'great' can you quote examples of what rate you consider not great given your criteria?

Have you checked www.moneyfacts.co.uk ?

KTF

Have you also looked here? http://www.moneysavingexpert.com/savings/savings-accounts-best-interest

zowoods

We are in similar position although not as much, its the equity from our house sale £93k, and we are in process of buying somewhere but it may take 3 months until we need to use the money.
Therefore we need instant access also, but I could only really see the ones paying around 3% so is that good rate or not??
Read the link on here and will check out the moneyfact one too.

home_alone

If you only have 3 months then you may have a problem it took me 10 weeks to open a natwest e savings account.

gary

opinions4u

zowoods wrote: »

Therefore we need instant access also, but I could only really see the ones paying around 3% so is that good rate or not??

In the current interest rate climate, you should be aiming for a rate around the 3% mark.

Most instant access accounts pay less than 1%.

zowoods

thanks for that useful to know.

dorsetjohn_3

dorsetjohn wrote: »

My wife and I have £170,000 to bank
We will have to have 2 joint accounts so we are protected
We would like Instant access to the cash with interest paid monthly in full and not after a year on some intro. rates like egg

Now guys , been looking but havent found anything great ..... so What are the 2 highest paying accounts out there that would suit our criteria

many thanks

I already have my money in 2 accounts paying 1.83% nett and 2% nett

savetilibleed

dorsetjohn wrote: »

My wife and I have £170,000 to bank
We will have to have 2 joint accounts so we are protected
We would like Instant access to the cash with interest paid monthly in full and not after a year on some intro. rates like egg

The Coventry First Class Postal account at 3.25% gross monthly might be OK for some of it as a joint account and montly interest. As you see the access is limited but still almost instant.

dorsetjohn_3

Anymore guys ? prefer internet accounts
thanks

Queen-Bee_2

Have a look at Alliance & Leicester's and ING's accounts! I did a post in my diary about these recently when I overhauled all my savings.
QB