Losing £300 in interest this tax year...

Legacy_user

The income tax threshold goes up which helps bag me an extra £200+ this year but......

interest rates have bombed. I am going to be £300 worse off in that sense.....it kills me to think about it......

Where can I get 3% interest again? I can only get around 1.5%

somethingcorporate

http://www.moneysavingexpert.com/savings/savings-accounts-best-interest

The tab at the top of every page on this website with the link to the savings accounts. Best easy access is 3%, as is a number of other current accounts etc.

DMFR

If you are not already with First Direct you can receive £125, via MSE First Direct. To avoid paying £10 per month for the account pay £1000 per month in to it. You can then access their Regular Saver Account, upto £300 per month, to get 6% -

if you saved £300 per month for 12 months, you'd receive returns of approximately £117 gross (£93 net) in interest after 12 months. Interest is calculated daily and paid on the 12 month anniversary after account opening

There you go...£218 back within a year:)

Gromitt

then open a Santander account. 20K @ 3% (£600 gross) plus a 3% ISA.