What savings account???

jnielow

Hello,

I have had a brief look at what savings options there are. I have an ING direct account with a 4.75 % return, I like the easy access and withdraw infrequently but need access to money quickly when I do. I have about £3000 to save (ok its not alot!). I like the idea of the Lloyds Tsb 8% monthly saver but you have to operate it by branch/phone (premium rate number!)

I need an account that you can operate on-line responds quickly when contacted, no penalties , and has a good rate (dont we all!).

Can anyone suggest a good account for this?

Many thanks

Jason

macgyver

I think, ICICI Hisave might be a good option for you.
It is paying 5.65% at the moment and it has a price promise that it will keep the rate above BOE rate.
People had problems initially with it as ICICI could not cope with the huge number of applications but now it is functioning well, at least for me.

It is an online account, no penalities for withdrawl, but it might take 3-5 working days for the money to be transfered to or from your linked account.

Icelandic savings account is also an alternative with a very good rate, but I have no personal experience with that.

BVoth these banks comple with the UK banking code

torbrex

You dont mention if you have used your ISA allowance of £3000, there are plenty of instant access accounts available and as it is tax free you will get a better return.

gelato_cat

I operate mine online.

If you want easy access and an OK rate I'd recommend Icesave or a Halifax web saver.

Suze

jnielow wrote:

I like the idea of the Lloyds Tsb 8% monthly saver but you have to operate it by branch/phone (premium rate number!)

YorkshireBoy

macgyver wrote:

BVoth these banks comple with the UK banking code

According to https://www.bankingcode.org.uk, ICICI has not yet signed up to the banking code. The current status is "application pending".

Crabman

YorkshireBoy wrote:

According to https://www.bankingcode.org.uk, ICICI has not yet signed up to the banking code. The current status is "application pending".

I've looked at the site, where does it say this/

YorkshireBoy

Crabman wrote:

I've looked at the site, where does it say this/

http://www.bankingcode.org.uk/whosigned_f.htm

Organisations not subscribing to the banking code.

Century Building Society
Harpenden Building Society
C Hoare & Co
ICICI Bank UK Limited *
Liverpool Victoria Banking Services
Penrith Building Society
The Post Office (negotiations in progress)
Ruffler Bank plc
Weatherbys Bank

* application pending

Please note: There are also many banks in the UK that don't subscribe because they operate only a corporate or money market business.

savingforoz

jnielow wrote:

I like the idea of the Lloyds Tsb 8% monthly saver but you have to operate it by branch/phone (premium rate number!)/QUOTE]

You can operate it online - I do.