Best Savings Account - Short Term £10k

Lngiraffes

Please can anyone recommend a good short term saving account?

To cut a long story short, my house purchase has been delayed and so wanting to invest my £10k - £15k somewhere that will give me the best return but will also give me access to the funds once required in January or February time.

Thank you in advance for your recommendations!

xylophone

invest

Save.

For the short time available you might consider a Tesco Bank Internet Saver at 1.35%.

badger09

xylophone wrote: »

Save.

For the short time available you might consider a Tesco Bank Internet Saver at 1.35%.

1.35%? Tesco website says 1.2%. Have I missed notice of a Tesco rate increase?

xylophone

1.35%? Tesco website says 1.2%.

http://www.thisismoney.co.uk/money/article-1583859/Best-savings-rates-General-savings-Internet-branch.html

indicates 1.35% - could be wrong but says updated 10 November.

Alexland

Nationwide Flex Direct and instant access Regular Saver both at 5% for 1/3 of it?

AirlieBird

badger09 wrote: »

1.35%? Tesco website says 1.2%. Have I missed notice of a Tesco rate increase?

http://corporate.tescobank.com/25/news/news-releases/tesco-bank-to-increase-interest-rates-for-savings-and-mortgage-customers/?newsid=328

badger09

Thanks AirlieBird

Now found it here as well

https://yourcommunity.tescobank.com/t5/News/Savings-and-Mortgage-Standard-Variable-Interest-Rates-to/td-p/15105

ColdIron

I quite like Tesco Bank but it's true to say that when interest rates went down by 0.25% they reduced the standard interest rate by 0.35% from 0.75% to 0.40%. Now that interest rates have risen by 0.25% they are increasing it by 0.15% from 0.40% to 0.55%. A cheeky 0.20%

badger09

ColdIron wrote: »

I quite like Tesco Bank but it's true to say that when interest rates went down by 0.25% they reduced the standard interest rate by 0.35% from 0.75% to 0.40%. Now that interest rates have risen by 0.25% they are increasing it by 0.15% from 0.40% to 0.55%. A cheeky 0.20%

Every little helps.............Tesco shareholders;)