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  • FIRST POST
    • chick99936
    • By chick99936 16th Apr 18, 9:56 AM
    • 13Posts
    • 0Thanks
    chick99936
    High interest instant access savings accounts
    • #1
    • 16th Apr 18, 9:56 AM
    High interest instant access savings accounts 16th Apr 18 at 9:56 AM
    I'm due some inheritance, around 35k. Which is the best high interest instant access savings account around at the moment? I would rather put the money in a high street bank than a smaller banking branch as I'm a bit concerned about the smaller banks going bankrupt!!
Page 1
    • MallyGirl
    • By MallyGirl 16th Apr 18, 10:07 AM
    • 2,678 Posts
    • 7,680 Thanks
    MallyGirl
    • #2
    • 16th Apr 18, 10:07 AM
    • #2
    • 16th Apr 18, 10:07 AM
    https://www.moneysavingexpert.com/savings/savings-accounts-best-interest?_ga=2.103097538.390686351.1523866313-1057817352.1511775815
    • Nasqueron
    • By Nasqueron 16th Apr 18, 10:26 AM
    • 4,505 Posts
    • 2,657 Thanks
    Nasqueron
    • #3
    • 16th Apr 18, 10:26 AM
    • #3
    • 16th Apr 18, 10:26 AM
    Up to 85k per individual per institution is protected for any bank covered by the government FSCS, small or large

    https://www.moneysavingexpert.com/savings/safe-savings
    • bengalknights
    • By bengalknights 16th Apr 18, 10:27 AM
    • 4,338 Posts
    • 1,593 Thanks
    bengalknights
    • #4
    • 16th Apr 18, 10:27 AM
    • #4
    • 16th Apr 18, 10:27 AM
    Not many around as interest is quite low at the moment
    • MEM62
    • By MEM62 16th Apr 18, 11:40 AM
    • 1,572 Posts
    • 1,193 Thanks
    MEM62
    • #5
    • 16th Apr 18, 11:40 AM
    • #5
    • 16th Apr 18, 11:40 AM
    Which is the best high interest instant access savings account around at the moment?
    Originally posted by chick99936
    I'm not so sure there are any :-(

    I'm a bit concerned about the smaller banks going bankrupt!!
    Originally posted by chick99936
    No need to be. You will have 85K of protection with any bank covered under the FSCS scheme.
    • aj23
    • By aj23 16th Apr 18, 11:54 AM
    • 400 Posts
    • 152 Thanks
    aj23
    • #6
    • 16th Apr 18, 11:54 AM
    • #6
    • 16th Apr 18, 11:54 AM
    I'm due some inheritance, around 35k. Which is the best high interest instant access savings account around at the moment? I would rather put the money in a high street bank than a smaller banking branch as I'm a bit concerned about the smaller banks going bankrupt!!
    Originally posted by chick99936

    They are all loaded. Keeps their massive profits and not dishing out to customers or shareholders.
    • jimjames
    • By jimjames 16th Apr 18, 12:45 PM
    • 12,584 Posts
    • 11,230 Thanks
    jimjames
    • #7
    • 16th Apr 18, 12:45 PM
    • #7
    • 16th Apr 18, 12:45 PM
    Not many around as interest is quite low at the moment
    Originally posted by bengalknights
    Plenty of high interest instant access accounts - but current accounts not savings. All have limits on the balance you can get paid on but it will still give more interest than sticking it in a basic savings account

    They are all loaded. Keeps their massive profits and not dishing out to customers or shareholders.
    Originally posted by aj23
    If you really believe that then you should try to get your own back and make money from them. Plenty of ways to beat them at their own game, I'm happy that I get around 4.8% on all my savings with banks/building societies
    Last edited by jimjames; 16-04-2018 at 12:53 PM.
    Remember the saying: if it looks too good to be true it almost certainly is.
    • RG2015
    • By RG2015 16th Apr 18, 2:32 PM
    • 1,219 Posts
    • 710 Thanks
    RG2015
    • #8
    • 16th Apr 18, 2:32 PM
    • #8
    • 16th Apr 18, 2:32 PM
    If you really believe that then you should try to get your own back and make money from them. Plenty of ways to beat them at their own game, I'm happy that I get around 4.8% on all my savings with banks/building societies
    Originally posted by jimjames
    4.8% seems quite high. Regular savers offer 5% but this would not give an average of 4.8% pa for more than a few months in the year. Tesco Bank and TSB offer 3% but on small amounts.

    Is your 4.8% for a full year and if so, how do you do it?
    • aj23
    • By aj23 16th Apr 18, 2:44 PM
    • 400 Posts
    • 152 Thanks
    aj23
    • #9
    • 16th Apr 18, 2:44 PM
    • #9
    • 16th Apr 18, 2:44 PM
    Plenty of high interest instant access accounts - but current accounts not savings. All have limits on the balance you can get paid on but it will still give more interest than sticking it in a basic savings account


    If you really believe that then you should try to get your own back and make money from them. Plenty of ways to beat them at their own game, I'm happy that I get around 4.8% on all my savings with banks/building societies
    Originally posted by jimjames
    Ya I know. I'm getting 12.5% combined. But that wasn't my point.
    • colsten
    • By colsten 16th Apr 18, 8:09 PM
    • 9,008 Posts
    • 7,754 Thanks
    colsten
    Plenty of high interest instant access accounts - but current accounts not savings.
    Originally posted by jimjames
    Plenty? What counts as high interest in your books?
    • jimjames
    • By jimjames 16th Apr 18, 8:36 PM
    • 12,584 Posts
    • 11,230 Thanks
    jimjames
    Plenty? What counts as high interest in your books?
    Originally posted by colsten
    Well you could probably stretch it to 2% as that's 4x base rate and substantially more than the top instant access rate listed at the top of this page.
    Remember the saying: if it looks too good to be true it almost certainly is.
    • chick99936
    • By chick99936 16th Apr 18, 9:32 PM
    • 13 Posts
    • 0 Thanks
    chick99936
    Thankyou for all you're replies, I apologise for not getting back sooner.... I didn't turn on the notifications !!!55357;!!!56837;
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