Best Safe "Rainy Day" Savings Option

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I currently have £2000 invested in Premium Bonds as financially secure "emergency" savings. Working on building it up to more.

However, as premium bonds aren't the greatest at providing growth and potentially fall behind inflation I was wondering if anyone has any better financially secure investment suggestions for rainy day savings?

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  • MallyGirl
    MallyGirl Posts: 6,652 Senior Ambassador
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    Maybe a 5% regular saver with one of the banks accounts - First Direct, Nationwide, Santander
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  • Mr.Saver
    Mr.Saver Posts: 521 Forumite
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    With as less as £2000, one or two high interest paying current account would be more preferable. Nationwide, TSB, Tesco Bank, ...
  • Living_proof
    Living_proof Posts: 1,921 Forumite
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    Baguettes - premium bonds are much more fun. The worst that can happens is that you never get any interest, but it's so much fun at the start of every month. Maybe split half and half with an instant access account?
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