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The best savings rate for granddaughter?

My granddaughter is 20 and joining the RAF in 12 months.
She is renting a flat,has no debts and £2500 in savings which she may need access to.
We have looked at the best savings accounts and most require a monthly deposit of at least £500 per month.She can only afford £300 per month after she has paid her bills. A regular saver would be ideal but all the recommended ones are linked to opening a current account to get the best rates.
Cash ISA's are another option,with easy access.
I have checked the various options on MSE but cannot find anything at a decent rate.
Any advice greatly received!.

Comments

  • Eco_Miser
    Eco_Miser Posts: 4,905 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Current accounts don't need the monthly deposit to be in one lump, and it's not necessary to leave the deposited amount in the account. So a £500 monthly requirement could be met by circulating £100 though the account 5 times during the month.
    Eco Miser
    Saving money for well over half a century
  • Thanks Eco Miser,so she could put through a standing order from her Halifax account and remove it again.
  • Eco_Miser
    Eco_Miser Posts: 4,905 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Yes, that should work. Always read the T&Cs for each particular account to be sure, taking note of what they don't say as well as what they do.
    Eco Miser
    Saving money for well over half a century
  • Thanks for that Eco Miser,I'll check it out for her.
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