Savings accounts

elantan

Hi all, looking to pick your brains if I may

I am looking to have a couple of savings accounts tht will suit out needs ... Both hubby and myself currently have cash isas but the interest rate is appalling 0.25% as we've never really been able to have the money in them for long the interest was never really that important so something we never really have much thought about ( I know I know stupid mistake )

However now that we are getting on top of debt, bank accounts etc I am finding that we are slowly starting to get some savings behind us, this being the case interest rtes suddenly become quite important

We currently save £175 a month which is used for insurance car repair etc, but this hasn't been touched for a wee while now and has built up to a tidy sum of £1880 ... Now the beauty of this account for us was the fact in order for us to gain access we had to go into the branch and lift it, we could lift it no problem but should the car etc need fixed we would use the Visa card to fix then lift the money from the account, we couldn't however just online transfer it ( and therefore waste it on rubbish)

Now that we have a more reliable car we are not having to lift money nearly as often an have managed this nice wee start to saving

I am hoping to transfer £1380 to an account similar to this where I can get access should we need it ( but not instant) with also more interest and yet still be able to lift it should we need to, I'm also thinking if paying £100 of the £175 into this account so that it will slowly grow into being a nice wee emergency fund

The other £75 that we pay every month ( and the £500 left from the account where the money is currently) I would like to carry in saving should we need that access for repairs also for insurance etc ...

Can anyone suggest any savings accounts that would suit both of these needs ?

Sorry for the spelling I'm on my phone

Thanks in advance

elantan

Ooops meant to add ... The account that we are going to save £100 into I would also like to be able to add to as and when we have any spare amount if that's possible

R_P_W

Just open a cash ISA with a better interest rate

typistretired

These are the current rates from Savings Champion maybe one of them will be suitable for you. I prefer online accounts to branch accounts as you can quickly move money to your current account enabling you to use your debit card for any purchases if required.

Easy Access Derbyshire– 2%
Fixed Rate Bond Co-operative– 3%
Variable Rate ISACoventry – 2.80%
Fixed Rate ISA Nationwide– 2.70%
Notice AccountsUnited Bank – 2.25%
Monthly IncomeFirst Save – 3.01%
Regular Savings Marks& Spencer – 6%
Children’s Account Halifax– 6%