A simple account to put £5,000 and additions when available.

BML

The thought suddenly came to me that I had about £10,000 in a Barclays Current account and the to clever by half bank never thought of saying, Hi, shouldn't you be doing something with some of that? Yes, I know that it is my responsibility to manage my money. So I went into my bank today an asked for information on what they could offer me and was told I need an appointment to discus that with an appropriate member of staff. The next free appointment is in May would you believe.  
So, my thoughts are stuff the Bank I will ask this forum where is a good place to put £5000 which I might require instant access to?

[Deleted User]

Hi,

here's what MSE says, LOOK.

More HERE.

refluxer

The Barclays Rainy Day Saver account (which pays 5.12% AER) would be the best option for easy access to £5k but you'd need to have 2 DDs coming out of your Barclays current account every month to cancel out the monthly Blue Rewards fee (you need Blue Rewards to access the Rainy Day Saver) and you'd also need to have a minimum of £800 paid in to your current account each month, either from a salary, pension (or other form of income) or simply a transfer from an external account.

If you already have online banking with Barclays, joining their Blue Rewards scheme and opening a Rainy Day Saver can be done in about 5-10 minutes.

VKE

Zopa using the different Boosted Pots; I've several pots for each of the different %'s and moving £'s into/out to nominated account whilst working within notice dates is very prompt

phillw

VKE said:

Zopa using the different Boosted Pots; I've several pots for each of the different %'s and moving £'s into/out to nominated account whilst working within notice dates is very prompt

Boosted pots don't allow instant access.

BML

What are DDs? What are Blue Rewards fee? and what are Boosted Pots?

BML

Is there any way that one can get an automatic reply to answers?

eskbanker

BML said:

What are DDs? What are Blue Rewards fee? and what are Boosted Pots?

DDs are Direct Debits.

Blue Rewards is explained at the link in the post mentioning them.

Boosted Pots are a way of subdividing savings held with Zopa.

[Deleted User]

Hi,

BML said:

Is there any way that one can get an automatic reply to answers?

click on profile, top right of forum, > Edit Profile > Notification Preferences, tick your choices, save.

Albermarle

BML said:

What are DDs? What are Blue Rewards fee? and what are Boosted Pots?

If you prefer a simple life, then a standard easy access account, might be more for you.
Best Easy Access Savings Accounts | moneyfacts.co.uk

It might not give the best rates possible, but will be a lot better than the money just sitting in your current account. Why not add more than £5000? You can access the money for these account within one working day maximum.