How much do you keep in readily access savings/cash access?

RG2015

Cus said:

Do premium bonds count as ready access?

Why not? They can be realised within a couple of days at worst.

Okay, let's qualify that.

Give the instruction at the weekend and the funds will arrive on Wednesday.

Give the instruction by 8:00 pm on Monday and they will arrive on Wednesday.

https://www.nsandi.com/help/manage-your-savings/make-withdrawal-from-savings#:~:text=When we get your instruction,on the following banking day.

subjecttocontract

jimexbox said:

subjecttocontract said:

I have guaranteed income, no mortgages on my properties, no other loans and managable monthly outgoings but I am a reasonably big spender so I keep around £15K in my Santander account at 0.75%.

Why not get a far better rate? 

jimexbox said:

subjecttocontract said:

I have guaranteed income, no mortgages on my properties, no other loans and managable monthly outgoings but I am a reasonably big spender so I keep around £15K in my Santander account at 0.75%.

Why not get a far better rate? 

Where ?

RG2015

subjecttocontract said:

jimexbox said:

subjecttocontract said:

I have guaranteed income, no mortgages on my properties, no other loans and managable monthly outgoings but I am a reasonably big spender so I keep around £15K in my Santander account at 0.75%.

Why not get a far better rate? 

jimexbox said:

subjecttocontract said:

I have guaranteed income, no mortgages on my properties, no other loans and managable monthly outgoings but I am a reasonably big spender so I keep around £15K in my Santander account at 0.75%.

Why not get a far better rate? 

Where ?

Several instant access savings accounts offering 1.55% to 1.90%

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

Cus

RG2015 said:

Cus said:

Do premium bonds count as ready access?

Why not? They can be realised within a couple of days at worst.

Okay, let's qualify that.

Give the instruction at the weekend and the funds will arrive on Wednesday.

Give the instruction by 8:00 pm on Monday and they will arrive on Wednesday.

https://www.nsandi.com/help/manage-your-savings/make-withdrawal-from-savings#:~:text=When we get your instruction,on the following banking day.

I ask because people use premium bonds as a tax investment more than a ready cash place

Matt1510

subjecttocontract said:

jimexbox said:

subjecttocontract said:

I have guaranteed income, no mortgages on my properties, no other loans and managable monthly outgoings but I am a reasonably big spender so I keep around £15K in my Santander account at 0.75%.

Why not get a far better rate? 

jimexbox said:

subjecttocontract said:

I have guaranteed income, no mortgages on my properties, no other loans and managable monthly outgoings but I am a reasonably big spender so I keep around £15K in my Santander account at 0.75%.

Why not get a far better rate? 

Where ?

Zopa, Shawbrook
savings-accounts-best-interest

masonic

RG2015 said:

Cus said:

Do premium bonds count as ready access?

Why not? They can be realised within a couple of days at worst.

Okay, let's qualify that.

Give the instruction at the weekend and the funds will arrive on Wednesday.

Give the instruction by 8:00 pm on Monday and they will arrive on Wednesday.

https://www.nsandi.com/help/manage-your-savings/make-withdrawal-from-savings#:~:text=When we get your instruction,on the following banking day.

Providing nothing goes wrong

It's generally prudent to have a little stashed away here and there to bridge any gaps caused by withdrawal delays from any institution. Wouldn't mean the other savings couldn't be considered readily accessible.

subjecttocontract

RG2015 said:

subjecttocontract said:

jimexbox said:

subjecttocontract said:

I have guaranteed income, no mortgages on my properties, no other loans and managable monthly outgoings but I am a reasonably big spender so I keep around £15K in my Santander account at 0.75%.

Why not get a far better rate? 

jimexbox said:

subjecttocontract said:

I have guaranteed income, no mortgages on my properties, no other loans and managable monthly outgoings but I am a reasonably big spender so I keep around £15K in my Santander account at 0.75%.

Why not get a far better rate? 

Where ?

Several instant access savings accounts offering 1.55% to 1.90%

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

I probably already have most of them.

RG2015

Cus said:

RG2015 said:

Cus said:

Do premium bonds count as ready access?

Why not? They can be realised within a couple of days at worst.

Okay, let's qualify that.

Give the instruction at the weekend and the funds will arrive on Wednesday.

Give the instruction by 8:00 pm on Monday and they will arrive on Wednesday.

https://www.nsandi.com/help/manage-your-savings/make-withdrawal-from-savings#:~:text=When we get your instruction,on the following banking day.

I ask because people use premium bonds as a tax investment more than a ready cash place

Fair enough but in an emergency they will allow you to access virtually ready cash.

If you have an impending cash requirement then you can save separately for that.

Matt1510

subjecttocontract said:

RG2015 said:

subjecttocontract said:

jimexbox said:

subjecttocontract said:

I have guaranteed income, no mortgages on my properties, no other loans and managable monthly outgoings but I am a reasonably big spender so I keep around £15K in my Santander account at 0.75%.

Why not get a far better rate? 

jimexbox said:

subjecttocontract said:

I have guaranteed income, no mortgages on my properties, no other loans and managable monthly outgoings but I am a reasonably big spender so I keep around £15K in my Santander account at 0.75%.

Why not get a far better rate? 

Where ?

Several instant access savings accounts offering 1.55% to 1.90%

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

I probably already have most of them.

So why are you flipping asking where you can get a better rate than your 0.75% Santander account?

RG2015

subjecttocontract said:

RG2015 said:

subjecttocontract said:

jimexbox said:

subjecttocontract said:

I have guaranteed income, no mortgages on my properties, no other loans and managable monthly outgoings but I am a reasonably big spender so I keep around £15K in my Santander account at 0.75%.

Why not get a far better rate? 

jimexbox said:

subjecttocontract said:

I have guaranteed income, no mortgages on my properties, no other loans and managable monthly outgoings but I am a reasonably big spender so I keep around £15K in my Santander account at 0.75%.

Why not get a far better rate? 

Where ?

Several instant access savings accounts offering 1.55% to 1.90%

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

I probably already have most of them.

So why ask where?