Best 'lump sum' Savings

madmickey

What is the best (interest) account to save a smallish sum of money with instant access. This is a one-off sum and therefore no regular savings are planned?

xylophone

What is the size of the lump sum?

soulsaver

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest?_ga=2.212997655.2099130477.1508194131-679811915.1492047907

jimjames

madmickey wrote: »

What is the best (interest) account to save a smallish sum of money with instant access. This is a one-off sum and therefore no regular savings are planned?

Nationwide or Tesco pay between 3% and 5%. Depends if your definition of small sum is the same as mine

madmickey

£3000 in total

xylophone

You might try a Nationwide Flexdirect current account for a year and a Flexclusive monthly saver.

You will need to cycle in/out £1000 a month from an external source.

This is easily achieved using FP.

Eco_Miser

madmickey wrote: »

What is the best (interest) account to save a smallish sum of money with instant access. This is a one-off sum and therefore no regular savings are planned?

While no actual regular savings take place, it can be advantageous to feed a Regular Saver account from the account holding the lump sum, to get a better overall rate.