Savings advice for inheritance?

al1985

Hi all,
My situation is that I've inherited £10,000 (although it isn't actually in my account at the moment), and have just opened the help to buy ISA with Halifax .
I'm using £1,200 from the 10k for the initial deposit and then I've set up a standing order from my HSBC current account that my wages are paid into to pay the £200 a month thereafter.
What I need advise on is where I should put the remaining £8,800 to earn as much interest as I can? Into a savings account or a current account? As mentioned I have a current account with HSBC that I pay all my bills and outgoings with.
Thanks

colsten

If you want the best interest rates, use current accounts and feed some monthly savers. There's a thread somewhere listing the best rates.

xylophone

As mentioned I have a current account with HSBC that I pay all my bills and outgoings with.

Might you do better with Santander 123 or Natwest?

If you were able to open a TSB plus, a Nationwide Flexdirect and a Lloyds Club and cycle round the required monthly inputs you could do quite well on the interest front.

The Lloyds Club requires two monthly direct debits.

The Flexdirect opens the Flex Monthly Saver to you.

Eco_Miser

The best rates, and how much you can get on each.
https://forums.moneysavingexpert.com/discussion/5374614