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Where do i put my emergency funds?
rigsby1967
Posts: 535 Forumite
I have £1000 in emergency funds which is earning me all of 6p PM interest.
Is there somewhere i can put this money to be getting better interest but also have instant access to it when needed.
Thanks
rigs
Is there somewhere i can put this money to be getting better interest but also have instant access to it when needed.
Thanks
rigs
Mortgage Jan 2007, 60000 
. Jan 2011, 46,132.86. Feb 2011 45,699.72. July 2011 44,722.48. July 2012 42,400.34. Sept 2012 41,673.83. Jan 2013 40,652.53
Dec 2014 34,834.18 :-)
. Jan 2011, 46,132.86. Feb 2011 45,699.72. July 2011 44,722.48. July 2012 42,400.34. Sept 2012 41,673.83. Jan 2013 40,652.53Dec 2014 34,834.18 :-)
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Comments
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If you're not using or planning on using your cash ISA allowance, you could do worse than put some money into the NS&I Direct ISA. Tax free savings at a very good rate, and access should be not quite instant, but maybe 3 or 4 days to transfer to your nominated account.
Otherwise Icesave, ICICI or Sainsburys still do very good savings accounts without the tax-free status.I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
Buy the Guardian on a Saturday - they have a 'best rates table' in the money section.
Buy other newspapers with the same information
Go to the library and look at newspapers and 'money magazines' for free and - now it's winter - turn the heating off while you're in the library keeping warm. Now that's Money Saving Expert Tip if ever there were one!
Look on here for the best savings deals (not in the forums, I mean the 'information' pages).
Look on other comparison and switching websites
Google "best savings rate"!
etc etc0
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