MSE'ers...best savings account?

Moomum

What savings account has the highest interest? OH has the remainder of his yearly bonus and I dont want any risks so he has agreed to put it in a normal savings account. So MSE'ers, whats the best one?

lizzyb1812

Just to the left of your post there is a list of pages that have articles about MSE stuff - the one called Savings & Investments should help you

lizzyb

Robert_Sterling

£3000 in one ( or two ) ISAs at 5.8% is tempting.

Sapphire

National Savings ISA has a good rate - and they are always quick about announcing interest rate increases in line with the BoE's.

rangers_fc

OK you want a good return on your savings, rightly so, dont we all, you can find most of the details here for drip feeding accounts, http://www.moneyfacts.co.uk/savings/bestbuys/savings_regular.aspx
regular savers is my forte at present however im sure the info you have asked for will be available from the link. The idea is to drip feed the regular saver account from a high interest current account, for current accounts look up current accounts from the same link ,Im sure other members will give better advice than me, I just thought I would add my tuppence, everybody seems to install the virtues of a ISA however I dont think this is applicable if you dont earn over a certain amount in the financial year or if you arent planning working over the longer term please also be aware that these accounts do not actually generate the interest stated on redemption only the interest generated over the given period with periodic investment,there is also a cap on funds invested, although the cream of the crop TSB, The Yorkshire last longer than 1yr at present, hope this helps

anniecave

rangers_fc wrote:

Im sure other members will give better advice than me just thought I would add my tuppence, everybody seems to install the virtues of a ISA however I dont think this is applicable if you dont earn over a certain amount in the financial year or if you arent planning working over the longer term

agreed. If you don't pay income tax and are unlikely to do so in the future then having an ISA is only better than not having an ISA if it is a better rate.