Best Instant Access Savings Account

lawlanc

Hi,

I'm a recent graduate just starting a law conversion course. I receive a living grant three times a year which is currently going into my current account (my student acct with Natwest). I am uncomfortable having large amounts of money in the current account- partly for controlling my own output, and partly because i would like that money to earn some interest somewhere else.

Does anyone have a similar situation or advice on which instant access savings account to go for- i'm finding it difficult to compare different options on different levels.

Thanks!

innovate

Best instant access accounts are some current accounts these days - Santander, Lloyds, BOS, TSB, Nationwide, Clydesdale and Yorkshire bank all do interest paying ones. You can get 3% upwards right now.

Best Savings account will pay around 1.6% max.


You could also look at cash ISAs but I think the most you get there these days is some 1.8%.

Be aware of bonus rates on most savings accounts.

opinions4u

The link at the top of the page builds on innovate's comments.

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