Which bank with savings pots/spaces, currently has the highest interest rate?

robaber

Hello

I'm looking for banks which allow you to create savings pots or spaces for different things e.g. holiday, new car etc.

Does anyone know which of these currently pays the highest interest rate on easy access savings?

wiseonesomeofthetime

Monzo - 3.40%, but limited to one savings account and one Safety Net Savings account tbh

Starling Spaces - 0.05% in comparison

I think Virgin allows the same and, last time I looked, they were around 2% mark.

Zaul22

If you mean connected to a current account, Monzo and TSB are the only options and TSB is still 2.5%. 

PauletteH

Chase up to 10 pots 3.3%

allegro120

robaber said:

Hello

I'm looking for banks which allow you to create savings pots or spaces for different things e.g. holiday, new car etc.

Does anyone know which of these currently pays the highest interest rate on easy access savings?

Zopa pays 3.46%. You can have up to 20 pots, I think. They also offer "boosted" pots - you can turn any of your pots into notice pots it you are sure you won't need your money for a certain period of time. 7 days - 3.5%. 31 days - 3.6%. 95 days - 3.7%. https://www.zopa.com/smart-saver

EarthBoy

PauletteH said:

Chase up to 10 pots 3.3%

Chase don't have "pots", as such.  They're separate savings accounts with their own sort code and account number. 

PauletteH

EarthBoy said:

PauletteH said:

Chase up to 10 pots 3.3%

Chase don't have "pots", as such.  They're separate savings accounts with their own sort code and account number. 

Much the same as pots IMO, just better as you could receive money straight into any of them from an external source, and you could set up
SOs and DDs from them. Obvs you don’t have to do any of that if you don’t want to, and just move your money around them as necessary. You can also name them. 

Bridlington1

I know this one isn't exactly savings pots as such but if you are wanting to save for different things simultaneously you could artificially create savings pots using regular savers. Many of the top paying regular savers allow penalty free withdrawals/early closure if needed so you could have a different regular saver(s) for each thing you're saving for.

The main upside of this method is that regular savers typically earn more interest than traditional EA account, the main drawback is that it requires a bit more admin as you'll have your money spread out across different banks, many regular savers require you to have another account with that bank to get them and the accounts often mature after a year or so.

jaypers

Another option that I am going for is to use an Investec 90 Day Notice Account (4.25%) and just back up my different pots via a Spreadsheet. Used to use Zopa but given notice on everything now as 3.7% on their 95 days is just appalling. 

TheBanker

I was going to suggest a spreadsheet too. Just open one account, and allocate the balance to different purposes through your spreadsheet. So the account balance might be £2,000 and your spreadsheet says £400 is for a holiday, £1,000 towards a new car and £600 for emergencies. When you pay in or spend money, just update the spreadsheet. That way you can choose an account that earns the most interest rather than restricting yourself to banks which offer 'pots'. 

Nurse2047

Moneybox allows this and interest rates are god