Savings fountain confused

Alliet91

Can anyone explain why the order of the savings fountain says to first get a fixed rate ISA when the easy access saver has a higher interest rate (chip) but is lower on the fountain? I only have about £15k to save so I'm not sure if it's better for me to not follow this? Also, it suggests drip feeding in to the regular saver from easy access saver, but if I take out of the easy access I wont get max interest from that which is also currently more than the top regular saver? And it takes 4 working days to transfer to the easy access and I can only withdraw to my bank account anyway? A little confused of the logistics! 😂

eskbanker

The fountain model is based on general rules of thumb, with the expectation that the best fixed rate or regular saver products will pay better interest than easy access savers - this is normally the case but isn't a universal truth, so if you find an easy access saver paying more than the top regular saver then there's no need to bother with the latter.