Fixed rate with monthly interest paid to a nominated account

babblemeister

Hi all looking to invest around £80k in a 1 year fixed savings that pays monthly interest into a nominated account any ideas? 🎄

wmb194

babblemeister said:

Hi all looking to invest around £80k in a 1 year fixed savings that pays monthly interest into a nominated account any ideas? 🎄

Adjust the filter to full search and monthly interest on the one year bonds:

https://moneyfactscompare.co.uk/savings-accounts/

refluxer

Vida Savings (no, me neither !) is currently paying the highest rate (4.77%) for a 1 year fixed rate savings account where monthly interest can be paid away to a nominated bank account (usually a current account), according to Moneyfacts.

Vida don't mention that interest can be paid away on the account product page but it is stated at the bottom of the Product Special Conditions and Summary document.

lr1277

I couldn't get @wmb194 link to show me monthly interest accounts.

The following are not the best rates but they do pay interest monthly.

I note Skipton BS is paying 3.93% gross on a 1 year fixed rate bond. They will pay the interest into your nominated bank account.

I remember Nat West pay interest monthly, but probably only into one of their own current accounts. They too are offering 3.93% gross for a 1 year account, but you would need to check the monthly bit.

wmb194

lr1277 said:

I couldn't get @wmb194 link to show me monthly interest accounts.

The following are not the best rates but they do pay interest monthly.

I note Skipton BS is paying 3.93% gross on a 1 year fixed rate bond. They will pay the interest into your nominated bank account.

I remember Nat West pay interest monthly, but probably only into one of their own current accounts. They too are offering 3.93% gross for a 1 year account, but you would need to check the monthly bit.

You also want to change 'provider first' to 'rate.' Vida's also a new one on me.

TheSpectator

Atom doing 4.5% with option of monthly interest.

eskbanker

lr1277 said:

I couldn't get @wmb194 link to show me monthly interest accounts.

It's the 'full search' option that's needed to access the filters, which permit monthly interest accounts to be isolated, but as I recall this feature can fall foul of pop-up blockers on some browsers - are you able to see the same as the image shared above?

lr1277

eskbanker said:

lr1277 said:

I couldn't get @wmb194 link to show me monthly interest accounts.

It's the 'full search' option that's needed to access the filters, which permit monthly interest accounts to be isolated, but as I recall this feature can fall foul of pop-up blockers on some browsers - are you able to see the same as the image shared above?

No I couldn't. But not to worry, I won't be adding any more to this thread.

cmundo

babblemeister said:

Hi all looking to invest around £80k in a 1 year fixed savings that pays monthly interest into a nominated account any ideas? 🎄

I've used Atom for years, no issues, can't fault them 

masonic

wmb194 said:

lr1277 said:

I couldn't get @wmb194 link to show me monthly interest accounts.

The following are not the best rates but they do pay interest monthly.

I note Skipton BS is paying 3.93% gross on a 1 year fixed rate bond. They will pay the interest into your nominated bank account.

I remember Nat West pay interest monthly, but probably only into one of their own current accounts. They too are offering 3.93% gross for a 1 year account, but you would need to check the monthly bit.

You also want to change 'provider first' to 'rate.' Vida's also a new one on me.

Shame there isn't also a pay-away filter, but that can be checked in the 'Further details' link.