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simple best savings account
joeblags
Posts: 169 Forumite
which at present is the best savings account around? after Tesco online saver removes the dd function soon to fund them, ill be closing them along with 1 or 2 current accounts that used them dd's to meet the account requirements. I would of put more effort in to finding some dd's but given the reduction in interest rates im not going messing just to keep a couple of BoS accounts open for next to no interest each month. at the moment I am looking to just dump it all into my Halifax web saver. so what ever is the best no messing about account I can just dump the cash in and leave it there.
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How much and for how long?0
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20 - 25k , unknown on time but don't want to lock it away either.0
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Easy access savings accounts
NS&I Direct Saver 0.95%
Virgin Money 1.01%
Tesco Bank 1.21% but after 1 year goes down to 0.55%
Ford Money 1.22%
RCI Bank 1.30% but in the French guarantee scheme not the UK one covered by FSCS0 -
Thanks.
This is a good comparison table but note that the Tesco account shows 1.26% when the current offering is only 1.21%0 -
Easy access savings accounts
NS&I Direct Saver 0.95%
Virgin Money 1.01%
Tesco Bank 1.21% but after 1 year goes down to 0.55%
Ford Money 1.22%
RCI Bank 1.30% but in the French guarantee scheme not the UK one covered by FSCS
You missed some out:
Virgin Money Double Take E-Saver =1.3% (only two withdrawals per year)
ICICI Bank HiSave Bonus Saver = 1.28%
Both of these are offering better rates than the ones you listed (except for RCI) and are covered by FSCS.0 -
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I struggle to contribute to these cash savings threads - the differences between providers is marginal and it just seems to be accepting defeat to put money away in an account that is almost certain to under perform against inflation.0
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If english is not your 1st language you are excused; but otherwise please, its would have, not would of!!
Who is teaching people this stuff?
ps. Nothing to add re the OP
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I assumed that the OP wanted regular instant access so I excluded the Virgin double. I also dismissed the ICICI owing to the negative comments on the recent thread where this was discussed.ValiantSon wrote: »You missed some out:
Virgin Money Double Take E-Saver =1.3% (only two withdrawals per year)
ICICI Bank HiSave Bonus Saver = 1.28%
Both of these are offering better rates than the ones you listed (except for RCI) and are covered by FSCS.
I also believe that neither satisfies the OP's criterion of being simple especially the reported slow ICICI email responses.0
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