Regular monthly savings.

Bluejedi

We're looking to save £2500 a month in a savings account. I have contacted some providers but all I seem to get is Instant Access low Interest rate accounts. The Regular savings accounts with good interest rates only seem to let you put away up to £500 a month max. This is for a final savings blitz before retirement. Any suggestions for better interest rates?

HappyMJ

Put £500 a month into a regular saver. To put £2,500 a month aside open you'll need 5 of them with different providers.

Archi_Bald

Lots of current accounts http://www.moneysavingexpert.com/savings/savings-loophole

Regular savings - Nationwide allows £1,000, Newcastle BS £1,250. Plus there are good ones with 4 and 6% that between them will take £950 a month. https://forums.moneysavingexpert.com/discussion/comment/6932895#Comment_6932895

MarkFromCornwall

Bluejedi wrote: »

We're looking to save £2500 a month in a savings account. I have contacted some providers but all I seem to get is Instant Access low Interest rate accounts. The Regular savings accounts with good interest rates only seem to let you put away up to £500 a month max. This is for a final savings blitz before retirement. Any suggestions for better interest rates?

Santander 123 current account pays 3% interest on balances up to £20,000. There is a £2 monthly fee but it still works out better than many savings accounts. You can have two of them so it will take care of £40,000 of savings. Also, if you use it to pay utility bills you will get some cashback.

jimjames

If it's for retirement is there a reason you're not using a pension? Gives an immediate 20% boost with tax relief, more if you're higher rate taxpayer.