Short Term Saving

Johnny-Cage

At the moment I am saving to build an extension so not looking for anything long term but still want to maximise what’s available interest wise out there.

At the moment I have a HTB 95 day notice account but not heard of there rates rising and there easy access is paying more than the notice accounts.

I also have a Club Lloyds that I put £400 a month away and about £500 in the HTB account.

Any direction what’s best for my current situation with the HTB account only been open for about 3 months 

TYVM in advance 

Bigwheels1111

Tandem easy access 5%.

SavingsBoo

Have you given notice on the HTB account?  I have the same account and gave notice pretty soon after opening it as it seemed it would be quickly outclassed.  If HTB did suddenly increase the rate to be more competitive (unlikely but you never know) I think you can cancel the notice and leave your money there.

I guess it all depends on when you're planning to start your extension build and if you have any spare cash that you could open a top-paying instant access account with now (Tandem at 5% including a bonus) that you could add to when your HTB money becomes available.

DeLaSole

Hi daz,

As well as your Lloyds regular saver, other such savers which retain easy access:

6.17% Natwest (£150pm) 

6.17% RBS (£150pm) 

5.50% Bank of Scotland (£250pm)

Best 90 day notice accounts are currently offering 5.35% - minimum £10k at blme (online) or minimum £1k at Dudley BS (branch/post) and 5.30% at DF Capital (minimum £1k, online).

Tandem easy access is 5%.

If your notice account is no longer competitive, I would give notice if you haven't already done so.

Also check if the non-Club Lloyds saver has a decent rate for you.

Best wishes.

Johnny-Cage

SavingsBoo said:

Have you given notice on the HTB account?  I have the same account and gave notice pretty soon after opening it as it seemed it would be quickly outclassed.  If HTB did suddenly increase the rate to be more competitive (unlikely but you never know) I think you can cancel the notice and leave your money there.

I guess it all depends on when you're planning to start your extension build and if you have any spare cash that you could open a top-paying instant access account with now (Tandem at 5% including a bonus) that you could add to when your HTB money becomes available.

No not gave notice for withdrawal yet but the notice accounts do seem to be falling behind.

I have about 16k in the HTB and the Lloyds is at £1200 and will be throwing in the max allowed £400 per month.
On average I am saving about 1k per month so will be topping up the saving account at £600 every payday.

Hoping to have enough funds to start looking late next year to get the ball rolling on the extension