What to do
in Savings & investments
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I currently have my savings in the Santander easy access savings account which was like gold dust a couple of months ago.. earning about 2.9% i think.
I notice that tandem is now offering the highest easy access at 3.05% - not a great leap up but do you guys think that’s going to be the best for a while or do we think the big boys (mainstream banks) will start to up their interest rate above 3%? I ideally want easy access as at the moment I don’t like the idea of tying my money up.
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You can get 3.05% currently. That's almost 11% more. Likely to be as good as it gets for now if you don't want to be actively moving money around on a regular basis.
Today I moved funds from Sainsbury's 2.87% and Gatehouse 2.9% into Skipton 3.1%. Sadly for you the latter is no longer available (it was 2.6% but tracks base rate - 0.9% so benefitted from recent rise - like others on here I opened it and deposited a token £1 in anticipation).
I only offer what I did today as an example of moving for 7% gain. You would benefit over half as much again. I was out of Santander a while back.
High St Banks normally have poor interest rates, usually you get better rates with the smaller players ( but not always)
Best Easy Access Savings Accounts | moneyfacts.co.uk