Bank of Scotland Classic Vantage Replacement for £5K wanted

darkovo

Hi,
I have not been keeping up with interest rate changes on accounts, originally opened this account for 3% on upto £5K last year, its now 1.5% gross interest.


There must be a better paying easy access account now, any recommendations for the full £5K? Would rather not lock away for a year.


Thanks

eskbanker

You can check the current situation at the quick link article above titled 'best bank accounts', which has a section on those that pay interest, such as Nationwide, TSB and Tesco, although none will pay interest on the whole £5K in a single account....

darkovo

eskbanker wrote: »

You can check the current situation at the quick link article above titled 'best bank accounts', which has a section on those that pay interest, such as Nationwide, TSB and Tesco, although none will pay interest on the whole £5K in a single account....

Thanks, I have looked at these, I was hoping there was somewhere not mentioned. Wishful thinking!

Looks like I may just have to switch banks to get a bonus of some kind instead, nearly used all these up though!

AndyPK

And the BOS require 2 DD now to pay the interest

Willing2Learn

Just thought I should mention the Danske Cash Reward account. It doesn't pay interest, but it does pay £5 net reward per month (as long as you satisfy the t&cs). It is an easy £60/annual earner for very little effort

darkovo

Willing2Learn wrote: »

Just thought I should mention the Danske Cash Reward account. It doesn't pay interest, but it does pay £5 net reward per month (as long as you satisfy the t&cs). It is an easy £60/annual earner for very little effort

Thanks for that, a good contender, pay in £1202 one day then pay out £1200 the next (£2 to cover a fee for the 1st month anyway).
£5 easy profit like you say, just log onto the app once a month, no DD's or anything else .

[Deleted User]

You could open the new Marcus Online Savings Account (see thread on this) and stick anything up to £250K to receive 1.5% interest. Interest is credited monthly (just like the BoS Classic Vantage). No need to waste time each month moving £1000 in and out of the account. No monthlyDDs required! Only caveat is: don't close your BoS CV completely if you want to keep your Bank of Scotland Monthly Saver going (paying 2.5%, up to £250 per calendar month).Just leave it open with nil balance.

Yorkshire_Pud

Deleted_User wrote: »

You could open the new Marcus Online Savings Account (see thread on this) and stick anything up to £250K to receive 1.5% interest. Interest is credited monthly (just like the BoS Classic Vantage). No need to waste time each month moving £1000 in and out of the account. No monthlyDDs required! Only caveat is: don't close your BoS CV completely if you want to keep your Bank of Scotland Monthly Saver going (paying 2.5%, up to £250 per calendar month).Just leave it open with nil balance.

I looked into the Marcus account but put off by only three withdrawals allowed per year? Just checked and can't see this stipulation! Must have been dreaming.
The rate will drop after 12months as includes a bonus of 0.15% as well as being variable.

[Deleted User]

Yorkshire_Pud wrote: »

I looked into the Marcus account but put off by only three withdrawals allowed per year? Just checked and can't see this stipulation! Must have been dreaming.
The rate will drop after 12months as includes a bonus of 0.15% as well as being variable.

It's unlimited penalty-free withdrawals. Yes, the interest rate could drop but same applies to most instant access accounts.

Yorkshire_Pud

Deleted_User wrote: »

It's unlimited penalty-free withdrawals. Yes, the interest rate could drop but same applies to most instant access accounts.

Thanks, don't know what I must have looked at! Makes it a good account for me:)

darkovo

Deleted_User wrote: »

It's unlimited penalty-free withdrawals. Yes, the interest rate could drop but same applies to most instant access accounts.

Yes another option rather than keeping money in BoS account for same percentage but more hassle.
Thanks