Best savings account (I already have 1 ISA and 1 Fixed Term Savings account)

Gareth77

Hi what is the best savings account if I already have the above.   I want to contribute every month (about 1.5k)  but would like access to the money incase of an emergancy. Prob start with around 20K.

Thanks in advanced!

ColdIron

If you want a simple easy access non-ISA Metro will give you 5.22%

https://moneyfactscompare.co.uk/savings-accounts/easy-access-savings-accounts/?quick-links-first=false

curlywig73

I have a Tandem app-based instant access account that with a top up gives 5.00%.  Very simple to use app, uses Open Banking.  You can sort your savings into pots eg if you want to set aside part of it for a holiday it's very easy to keep it separated to show what it's for.

Depends what you mean by "best", though?  I feel that rates are going to start decreasing slightly.

allegro120

Gareth77 said:

Hi what is the best savings account if I already have the above.   I want to contribute every month (about 1.5k)  but would like access to the money incase of an emergancy. Prob start with around 20K.

Thanks in advanced!

Many well paying regular savers are no longer available, but some good offers are still there. https://www.moneysavingexpert.com/savings/best-regular-savings-accounts/#banklinked
You have to open a few of them to be able to contribute £1.5k a month.  More simple alternative would be something like Metro easy acces, but the interest will be somewhat lower. £20k to best paying easy access and monthly contributions to regular savings account will give you the best return with the flexibility you want.

cardriver98

ive found tbe best way, for me at least, is to have the money rotating. accounts maturing most months, in 6month or 1 year bonds. try RAISIN for lots of variables. done me ok for the last 4 years.

ColdIron

No good to the OP who "I want to contribute every month (about 1.5k)  but would like access to the money"

enthusiasticsaver

Regular savers usually offer the best rates but are limited to a few hundred usually so saving £1.5k would require you to have a few of them.  If you really need access to the whole lot you will not get the best rates.  Check out the best buys for instant access savings on the MSE website. There is no "best" savings account just the right one for you. 

Are you saving for anything in particular and have you explored overpaying your pension or investing for at least some of it unless you are saving to buy a property? 

Gareth77

enthusiasticsaver said:

Regular savers usually offer the best rates but are limited to a few hundred usually so saving £1.5k would require you to have a few of them.  If you really need access to the whole lot you will not get the best rates.  Check out the best buys for instant access savings on the MSE website. There is no "best" savings account just the right one for you. 

Are you saving for anything in particular and have you explored overpaying your pension or investing for at least some of it unless you are saving to buy a property? 

Hi - so it's basically saving for when I have to remortage in 2026 - so I can reduce as much as possible. I've already opened up an ISA for this - so now looking where to put the rest.   But I may not need to lock it away incase I need to withdraw before then