What kind of Savings Account?

Fierybiscuits

Hi all,

I'm really confused and looking for advice. I recently started a new job (4 months ago) after a long time spent studying. My salary isn't huge and I've had to do myself a fairly strict budget. In the meantime I've taken out a loan to pay for a new car (that was really needed), and pay off a Career Development Loan that had a much higher rate of interest. The repayments start soon and I want to get my other finances in order beforehand.
As I won't have a huge amount of money left each month, I could do with starting to put some away for any big payments I might need to make during the year e.g. car maintenance, a holiday etc.
I'm thinking about £150 a month, and obviously I'll need access to it. However, that's where I'm starting to get confused as to what sort of account I need to open. Do I just stick with a different bank account? Or do I open a savings account? An easy access ISA? I have absolutely no idea!
As an aside, I'm currently attempting to complete my final bit of studying while at work, which should see my salary increase by around £5k in the next 12-18 months, and I'm hoping to use most of the extra money I might earn to save for a house deposit. In which case I may think about a Help to Buy ISA, so I'm not sure if this has any bearing on the choices I make now.

Can any one offer some advice?

Thanks

Eco_Miser

The best interest is paid on current accounts. Mostly these require you to pay in a certain amount each month, but there is no requirement to leave it there. A Tesco Current Account doesn't need any monthly pay-in.
A summary of the best paying accounts is at https://forums.moneysavingexpert.com/discussion/5374614

Cisco001

High interest current account or regular saving account is what you need to look at.
Probably TSB to start with...