simple best savings account

joeblags
joeblags Posts: 169 Forumite
in Savings & investments
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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  • RG2015
    RG2015 Posts: 5,901 Forumite
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    How much and for how long?
  • joeblags
    joeblags Posts: 169 Forumite
    20 - 25k , unknown on time but don't want to lock it away either.
  • RG2015
    RG2015 Posts: 5,901 Forumite
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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 FSCS
  • xylophone
    xylophone Posts: 44,348 Forumite
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    http://www.thisismoney.co.uk/money/article-1583859/Best-savings-rates-General-savings-Internet-branch.html
  • RG2015
    RG2015 Posts: 5,901 Forumite
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    xylophone wrote: »
    http://www.thisismoney.co.uk/money/article-1583859/Best-savings-rates-General-savings-Internet-branch.html
    Thanks.

    This is a good comparison table but note that the Tesco account shows 1.26% when the current offering is only 1.21%
  • ValiantSon
    ValiantSon Posts: 2,586 Forumite
    edited 8 March 2018 at 8:53PM
    RG2015 wrote: »
    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.
  • ValiantSon
    ValiantSon Posts: 2,586 Forumite
    RG2015 wrote: »
    Thanks.

    This is a good comparison table but note that the Tesco account shows 1.26% when the current offering is only 1.21%

    Not the only account with out of date rates. ICICI Bank's rate is showing incorrectly too. I didn't bother checking any more.
  • Alexland
    Alexland Posts: 9,653 Forumite
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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.
  • mollycat
    mollycat Posts: 1,475 Forumite
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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 :)
  • RG2015
    RG2015 Posts: 5,901 Forumite
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    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 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.

    I also believe that neither satisfies the OP's criterion of being simple especially the reported slow ICICI email responses.
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