£15k savings options

BOGUSDUDE!

Hi All

My wife and I have saved £15k over the past year which is currently sitting in a normal everyday current account. We're aware we need to move it to a more suitable account, but we want to save more (around £500-£1000) a month, so we're not sure what would be the best option?

Thanks in advance.

xylophone

https://www.thisismoney.co.uk/money/article-1583859/Best-savings-rates-General-savings-Internet-branch.html
HSBC and First Direct offer Regular Savings accounts to current account holders.
https://www1.firstdirect.com/savings-and-investments/savings/regular-saver-account/
https://www.hsbc.co.uk/savings/products/regular-saver/

ischris85

xylophone said:

https://www.thisismoney.co.uk/money/article-1583859/Best-savings-rates-General-savings-Internet-branch.html
HSBC and First Direct offer Regular Savings accounts to current account holders.
https://www1.firstdirect.com/savings-and-investments/savings/regular-saver-account/
https://www.hsbc.co.uk/savings/products/regular-saver/

First Direct is not open to new customers.

colsten

Regular Saver accounts might suit: https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list

You could also look at

1. the Halifax Reward account - keep £5K at all times  in each of 3 accounts (2 sole, one joint) and get a fiver each month. That equates to 1.2% interest. You'd also have to deposit £1.5k/mth into each of the accounts but that can be done by SO in a daisy-chain mode , just with the 3 accounts
   
   
2. the Virgin Media Money current account, which pays 2%, but only on up to £1,000 per account

badger09

colsten said:

Regular Saver accounts might suit: https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list

You could also look at

1. the Halifax Reward account - keep £5K at all times  in each of 3 accounts (2 sole, one joint) and get a fiver each month. That equates to 1.2% interest. You'd also have to deposit £1.5k/mth into each of the accounts but that can be done by SO in a daisy-chain mode , just with the 3 accounts
   
   
2. the Virgin Media Money current account, which pays 2%, but only on up to £1,000 per account

Fixed for you.... unless you know something we don't

BOGUSDUDE!

Thank you all very much for your advice, much appreciated.