Monthy Interest

money-4-nothing

I'm looking for a savings account which offers a good rate of interest, who pay interest monthly, offers a cash card and doesn't require a HUGH opening balance.

I signed up with Tesco Instant Savings, but didn't read the small print and the interest they advertise is only on savings above £50,000. So 4.60% AER is my current rate.

So I need:

Monthly Interest
Cash Card with pin
Minimal of £100 opening

Am I asking too much by limiting myself to Monthly Interest because I'm struggling to find any high street bank who offers this.

Mr_Mumble

YBS internet saver has all the above. Pays 5.95% interest and only requires a balance of £1:

https://online.ybs.co.uk/savings/online/internetsaver/

Kazza242

I would also recommend the YBS Internet Saver account. The LINK card allows you to withdraw up to £250 per day from over 30,000 cash machines around the country. They offer both a monthly and annual interest option, both paying 5.95% AER.

CLAPTON

why does monthly interest matter... its best to get the highest aer rate and simply withdraw want you need.... it all works out the same.

Stavros_3

6.25% with the HSBC monthly interest
http://www.hsbc.co.uk/1/2/personal/savings-investments/savings/online-saver;jsessionid=0000HiXl_TGfAeYOoIYcrfna6K0:11j74l29q

Kazza242

Stavros wrote: »

6.25% with the HSBC monthly interest
http://www.hsbc.co.uk/1/2/personal/savings-investments/savings/online-saver;jsessionid=0000HiXl_TGfAeYOoIYcrfna6K0:11j74l29q

I don't think that the HSBC account would be appropriate for the money-for-nothing. He/she has asked for an account with a cash card so that leads me to believe that he/she intends to make withdrawals. The HSBC Online Saver is not suitable for that reason, as no interest is paid on the full balance in any calendar month in which a withdrawal is made.

avantra

I think Abbey esaver gives 6.0% at the moment + card + monthly int+minimum £1 balance.