Savings account

Looking to put £50000 into an easy access savings account, but noticed some accounts that offer for example 5% interest, only do this on the first £5000 then it drops to 1.6% for example. I saw metro offering a good rate but was worried after seeing them in the newspaper recently, so not sure if there is a good savings account that would offer a good percentage on the whole amount? Appreciate any advice. Thank you. 

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  • jimjames
    jimjames Posts: 17,490
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    edited 7 December 2023 at 1:15PM
    Check out the savings accounts listed on here, there are quite a few paying 5% on almost unlimited amounts. I assume the one you saw was Barclays but there are plenty without limit.

    https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/
    Remember the saying: if it looks too good to be true it almost certainly is.
  • ColdIron
    ColdIron Posts: 8,653
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    Few have deposit restrictions. Anything with FSCS protection will be safe including Metro Bank
  • grumbler
    grumbler Posts: 58,624
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    For a part of £50K it's probably worth considering 60-90 days notice accounts as well, not only easy-access ones.
    We are born naked, wet and hungry...Then things get worse. :(

    .withdrawal, NOT withdrawel ..bear with me, NOT bare with me
    .definitely, NOT definately ......separate, NOT seperate
    should have, NOT should of
    .....guaranteed, NOT guarenteed
  • frugalmacdugal
    frugalmacdugal Posts: 10,077
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    Hi,
    also look at Isas, if you don't already have one for this year.
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