Best savings account linked to BOE base rate

Cus

Apologies if this is repetitive, looking for a long term savings account linked to the BOE base rate, with instant access to the interest. Thanks

Mark_d

https://www.getchip.uk/savings-accounts/instant-access-account

[Deleted User]

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

Cus

I guess, contrary to say a mortgage, it's very simple to just move savings around to the best rate and not require a guarantee of linking a savings rate to the BOE base rate 

eskbanker

Cus said:

I guess, contrary to say a mortgage, it's very simple to just move savings around to the best rate and not require a guarantee of linking a savings rate to the BOE base rate 

Yes, tracker savings products are the exception rather than the rule so you'll have more choice if shopping around and being prepared to move.  Long term savings with instant access to the interest seems an odd requirement, do you literally mean no access needed to the capital, and for roughly how long?

Cus

I am able to pay off my interest only mortgage that has a lifetime boe base rate tracker. However doing that would then mean not having access to that capital if life circumstances changed and I wanted to access that capital. I wanted a risk free place to store it, and use the interest to pay the mortgage. The net difference would be minimal due to the reasonable mortgage rate I have.

InvesterJones

Cus said:

I guess, contrary to say a mortgage, it's very simple to just move savings around to the best rate and not require a guarantee of linking a savings rate to the BOE base rate 

Very much depends if you think the rates are going to increase or decrease. If you think they're going to increase then you would want to link savings to rate changes and fix your mortgage/borrowings. If you think they're going to decrease then the opposite.