Best account for Regular Deposits?

99mcalpa

I've been depositing £1 into an account every day for the last 600 days by standing order. I now think i should be depositing this money onto an account that accumilates interest.

What would be the account with the highest long term return for regular deposits? Would it be a current account? An isa? A regular saver? A fixed rate bond?

Thanks 

eskbanker

If you're looking for something that pays interest and accepts regular deposits then regular savers have typically paid better rates than easy access savings, but a standing order for a pound a day is an unusual style of saving, and some accounts may not fit that if you're looking to continue it - what's the rationale for doing that rather than, say, £25-50 monthly?

https://www.moneysavingexpert.com/savings/which-saving-account/

Edit: just realised that you're probably looking for a home for the £600 as a lump sum, as well as the ongoing regular deposits, so you may find two separate accounts better for those two separate requirements, but realistically the interest-earning potential of this sort of money is practically negligible at the moment....

greatcrested

https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1