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Instant access savings accounts....

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  • melbury
    melbury Posts: 13,251 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've been Money Tipped!
    Coventry Building Society Postsave instant access account is paying 2.25%.
    Stopped smoking 27/12/2007, but could start again at any time :eek:

  • innovate
    innovate Posts: 16,217 Forumite
    10,000 Posts Combo Breaker
    why settle for 2.25% if you can get 3%?
  • melbury
    melbury Posts: 13,251 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've been Money Tipped!
    innovate wrote: »
    why settle for 2.25% if you can get 3%?

    True but I thought that with the Lloyds Vantage you could only get interest on up to £5K and have to pay in at least £1K per month.

    Must admit I didn't know about the Santander 123 paying 3%, which is why I invested with Coventry:(
    Stopped smoking 27/12/2007, but could start again at any time :eek:

  • innovate
    innovate Posts: 16,217 Forumite
    10,000 Posts Combo Breaker
    Yeah but you can have 3 Vantage accounts with Lloyds and 3 with BoS, each with £5K, i.e. that's a home for £30K (or more if you were able to take advantage of the Lloyds 4% offer). Add the £20K in Santander, and there's a home for £50K at 3%.

    Of course, the 3% rates could drop any minute since they aren't fixed.
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