Where are you putting your money now banks & NS&I have cut their interest rates

hollie.weimeraner

As above, I will be closing my TSB accounts and just switched my Santander and need a new home for savings that I don't want to put in investments. The only one I can see would be the easy access at Yorks BS at 1%.

ColdIron

You could make a start with this

https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/

RG2015

Or here.

https://www.moneysavingexpert.com/savings/

Lumiona

I've gone back to my Marcus account.

cjmerritt7

I’m in the process of switching a bank account to HSBC Advance for their linked savings account. I figure the £125 invective to switch and access 2.75% regular saver (1 year) will be more than I’ll get having the savings elsewhere. Plus it’s a bit of certainty in an ever changing financial situation with all that’s going on Covid related.

cjmerritt7

https://forums.moneysavingexpert.com/discussion/6194590/can-we-apply-for-multiple-hsbc-advance-accounts#latest

born_again

Lumiona said:

I've gone back to my Marcus account.

Which has gone down to 0.7%

I would expect ALL current accounts, that pay interest to take the same route as Santander & TSB over the next month or so. Then watch the savings accounts take the same route.

I think it's all about switching and the bribes that will make money now. Not any savings interest rates.

xylophone

 I figure the £125 invective to switch 

Swearing by it?

Tragen

Premium bonds for me, I dont want fixed rate savings as the bulk of my savings will be needed next spring. Any other savings accounts are likely to drop to effectively 0 and I dont want the hassle of trying to chase an extra <1%

Black_Cat2

I'm holding tight for now. As previous posters have said, bit fed up of changing accounts atm.  Will see what's about in November 🤞

jbuchanangb

Savings portfolio is a bit complex. At the moment we have a 95 day notice account and an NS&I Income Bond. Until end August the Notice account into which monthly regular payments are being made, had been paying 1.65%, but this is now 1.25% and due to drop further. Intention is to move a chunk of the notice savings into a fixed rate bond, open two regular savings accounts, and move the NS&I funds to whatever seems best for easy access in November.