High Interest Account

Bucki

Albermarle said:

Like the search for the Holy Grail I think ….

I guess it's like searching for the needle in the haystack?

ColdIron

Bucki said:

I am with NS&I but will go down to 0.1% from November 2020.

It's worse than you think, 0.01% from the 24th November

If you don't want to lock your money away you will have to accept lower rates

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

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

Will you need the money all in one go? If not perhaps fix half of it

Look at regular savers

https://www.moneysavingexpert.com/savings/best-regular-savings-accounts/

NottinghamKnight

Albermarle said:

Bucki said:

Guys,
Nowadays, especially after this COVID thing, all interests seem to go downhill.
I am with NS&I but will go down to 0.1% from November 2020.
Is anybody else in the same case and what have you done instead?

I don't like the idea locking money away, like rather having access / widthdraw whenever I need to.
I got £55K of savings and uncertain / confused where I should go next ...

Banks like West Bromwich BS pay the interest after compliting 1 year as oppsed to monthly payment.
Anybody managed to find a good interest payment, paid every month and with easy access (not fixed)??

Like the search for the Holy Grail I think ….

Though you shouldn't have to worry about the killer rabbit....

eskbanker

Bucki said:

Banks like West Bromwich BS pay the interest after compliting 1 year as oppsed to monthly payment.
Anybody managed to find a good interest payment, paid every month and with easy access (not fixed)??

Is it particularly important to have access to the interest every month?  Seems an odd constraint to insist on when shopping for best savings deals at any time, but all the more so now when there's not much around, so choosing on the basis of best AER (with easy access) would seem more sensible....