Advice on savings acccount

ceilliaur-ci

Hi,

I currently have a Lloyds Cash ISA with around £5,000 in it which is earning next to nothing at 0.05%.
I managed to open a Tesco current account a few months ago and moved £3000 into it which is earning 3%. My plan was to open another few between myself and my wife after the first had been successfully setup etc, but as you probably know, Tesco stopped offering the account, so that plan went out the window.

I currently have a Lloyds current account which has a healthy balance in it. I have a monthly standing order of £50 from my Lloyds current account to my Lloyds Cash ISA and transfer more if and when possible.

I'm looking for advice on the best suited account to replace the poor interest Cash ISA which I can access if I need to (emergencies).

Lloyds Monthly Saver is available to me at around 2% but I'd like to know if there's something better out there?


Any advice would be grateful, thanks.

castle96

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

look on here. Aren't Tesco accepting applications now ? Think so.

EachPenny

castle96 wrote: »

look on here. Aren't Tesco accepting applications now ? Think so.

Yes, but with modified T&C's requiring direct debits that have to be external ones. A bit harder to get hold of the cash, but not a problem which cannot be overcome.

EachPenny

ceilliaur-ci wrote: »

I currently have a Lloyds current account which has a healthy balance in it.

Is that the Club Lloyds account, or one which doesn't pay interest? Converting to Club Lloyds would be a priority if it isn't already, and so long as you can meet the T&C's to earn interest without paying a fee.

ceilliaur-ci

My current account is s Gold account which I have had for a LONG time, so I get all the benefits for free as they were free when the account was opened, as long as my balance is over £1700 ish. If I close that account and open another account which offers benefits, I will have to pay for them.

Lloyds for some reason are not offering me a Club Saver Account??? But I can get a Monthly Saver (Not Club Monthly Saver)

colsten

If you want to keep your Gold account, you should still be able to also have a Club Lloyds. Once you have that, you will also be eligible for the CL Monthly Saver.

Your other option could be a Nationwide FlexDirect, and their regular saver.