What kind of savings account should I use?

Millyonare

Yup, should be easy to get from £2,500 and turn it into £3,000+ in a year with a bit of clicking, ditching and switching current and saver accounts.

Beddie

Daliah said:

Beddie said:

It's a relatively small amount of money, so trying to get an extra 0.25 here and there is a complete waste of time.

Pick a bank which is consistently appearing in the best rate tables, such as Marcus, and keep on building your savings, you'll soon have a decent amount. 

Marcus is a really bad example for keeping your money in. Not quite as bad as the High Street banks, but still bad. Catch depositors with an eyebrow-raising interest rate (like Chase also did), then rely on the savers to say trying to get an extra 0.25 here and there is a complete waste of time, and exploit their inertia to the bank's advantage.

Reality is that very often it isn't just an extra 0.25%, but often double or even 3 times as much. A Santander RS pays a whole 1% more than Marcus, Natwest/RBS pay over double the Marcus interest, especially on small amounts.

I an era where it takes just minutes to open new accounts and to move money from A to B, from the comfort of your own home, any money saving expert will not be willing to let banks exploit them.

I get your point, but the guy has £2500. Even an extra 0.5% over Marcus will be £12.50. A year. 

Of course it's different if you have a lot of savings, but I was referring to this particular person's position.