got £9,000 to save

psionicman2000

I currently have £9,000 saved in a pitful savings account which i've had for 6 years that has dropped to 0.5% interest. I am looking for a better account but i don't know what else to do other than what's been suggested on the best savings account webpage. It needs to be instant access so I can lock the money away from a fixed amount of time, is there any suggests as to what I could do with it.

Many thanks,

Michael

eskbanker

psionicman2000 wrote: »

It needs to be instant access so I can lock the money away from a fixed amount of time

This sounds self-contradictory, do you want instant access or do you want to lock it away for a fixed term?

Anyway, you'll find that there are a number of interest-paying current accounts that comfortably exceed returns available from traditional savings accounts, see this MSE article for further details....

xylophone

This sounds self-contradictory, do you want instant access or do you want to lock it away for a fixed term?

I think he means that he wants to choose his own term, ie have the money in the account as long as he wants it there, ie instant access.:D

Fruit_and_Nut_Case

psionicman2000 wrote: »

I currently have £9,000 saved in a pitful savings account which i've had for 6 years that has dropped to 0.5% interest. I am looking for a better account but i don't know what else to do other than what's been suggested on the best savings account webpage. It needs to be instant access so I can lock the money away from a fixed amount of time, is there any suggests as to what I could do with it.

Many thanks,

Michael

Forget Savings Accounts. Spread your money across several of the better Current Accounts. You can get up to 5% depending on how you do it.

jimjames

eskbanker wrote: »

Anyway, you'll find that there are a number of interest-paying current accounts that comfortably exceed returns available from traditional savings accounts, see this MSE article for further details....

And remember that although MSE refers to this as a loophole, it is not. The deals are all standard accounts operated within the T&Cs they specify.