HTB and what other account?

mxscbi

I want to open a HTB with the £1000 deposit and make maximum monthly payments but also I need the best account type to deposit a further £200-400 a month over 4-5 years, I am currently with Lloyds, is it worth switching banks and if so which saving accounts are best.

RacingDriver

If would recommend a regular saver to deposit a set amount each month.

https://forums.moneysavingexpert.com/discussion/608697

There are some that pay 6% interest so you can get a good rate as well. However these top accounts high interest rates usually only last for one year so remember to change when the rate drops.

Eco_Miser

You don't need to switch banks, you can have as many current accounts as you can get accepted for.
Are you getting 4% with Lloyds? If not consider upgrading to Club when you have £4000.

Current best rates are here.
Keep monitoring rates and be prepared to move if you can get better rates elsewhere - which is almost certain over the course of 5 years.