Which savings account to put £30,000?

sandy700

Where should a 77 year old pensioner put £30,000, preferably with instant access?

At present it is languishing in a Marcus savings account earning 1.8% interest.

jimexbox

Al Rayan @ 2.35% is currently top. 

mark_cycling00

do you really need instant access to £30,000?

Do you need for example
instant access to £10,000
180 day access to £10,000
1yr access to £10,000

Just a thought 

Stubod

..you could always try googling "best savings rates"..??

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

VKE

You could look at:

• Cynergy 2.12%
• Atom 1.88%
• Tandem 1.85%
• Zopa Smart Saver: primary 1.83% & Boosted Pots: 7days notice 1.88%, 31day days notice 2.03%, 95days notice 2.22%

With interest rates increasing on a regular basis at the moment easy access gives you the flexibility to react quicker when % numbers grab your attention 

sandy700

mark_cycling00 said:

do you really need instant access to £30,000?

Do you need for example
instant access to £10,000
180 day access to £10,000
1yr access to £10,000

Just a thought 

My wife is convinced that if I squirrel it away somewhere she won't be able to find it if I go first.

CKhalvashi

sandy700 said:

mark_cycling00 said:

do you really need instant access to £30,000?

Do you need for example
instant access to £10,000
180 day access to £10,000
1yr access to £10,000

Just a thought 

My wife is convinced that if I squirrel it away somewhere she won't be able to find it if I go first.

I have a spreadsheet (and a letter with how to access said spreadsheet, other documents etc that 2 people will have separate access to if anything happens) with bank details, rough amounts, account numbers and sort codes. This is updated whenever the circumstances change in it.

I'm holding a lot less than £30k in cash currently (meaning in bank accounts), but this works well for any number of accounts.

soulsaver

sandy700 said:

Where should a 77 year old pensioner put £30,000, preferably with instant access?

At present it is languishing in a Marcus savings account earning 1.8% interest.

If you want easy access, look at the easy access thread - link in my signature takes you to the Top Easy Access accounts.

Find 5.12% for £5k with hoops, 2.5% for £5k and 2.00% for balance over etc.

Ask questions there, they're a helpful bunch.
Have a good time.

xylophone

My wife is convinced that if I squirrel it away somewhere she won't be able to find it if I go first.

Why not keep an  updated list of your accounts and give her a copy?

[Deleted User]

sandy700 said:

Where should a 77 year old pensioner put £30,000, preferably with instant access?

At present it is languishing in a Marcus savings account earning 1.8% interest.

Hardly languishing at that rate...

Nationwide 1 Year Triple Access Online Saver 15 at 2.1% (online) or Yorkshire Rainy Day Account 2% (branch based)
 

penners324

It's in 1 of the best instant access accounts around so hardly languishing