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bubbleturbo

2013 December - Best Savings Accounts

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So, looking to stash my cash somewhere. It is currently sitting in Lloyds earning a paltry 0.6%.

Just looking around and most people seem to be offering a better rate than Lloyds.

The Post Office online saver is currently paying 1.5%, with monthly interest and instant access.

I think I will move my cash into here.

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So, looking to stash my cash somewhere. It is currently sitting in Lloyds earning a paltry 0.6%.

Just looking around and most people seem to be offering a better rate than Lloyds.

The Post Office online saver is currently paying 1.5%, with monthly interest and instant access.

I think I will move my cash into here.

Zopa.

5.4% if you can tie it up for 5 years.

No point buying a house before then anyway.

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Zopa.

5.4% if you can tie it up for 5 years.

No point buying a house before then anyway.

With Zopa, unlike a bank saving account, you can lose your money if your borrowers default.

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Recently moved mine to Santander 123 Current account, pays 3% on balances over £3k.

Instant access, monthly interest.

A few conditions though, need to pay £1k in a month I think, have two direct debits set up and £2/month fee.

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The Santander one is 3% on balances from 3K UP TO 20K. so if you have more than 20K, that's no good.

Yeah I am looking at stashing £200K away so that is no good for me.

The Post Office savings account I am going to use seems to actually be the Bank of Ireland. Not sure if this is a good or a bad thing, I guess it can only be good because the Irish banks are all completely backstopped by the Irish government who had to go cap in hand to the EU to bail them all out in 2008.

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Your currently getting 0.6% on 200k, ouch!

There must be better options than the post office account, and surely your not putting it all in the same place?

Savings bond with national counties pays 2.35% 2 years, 2.9% over 5 years, up to 150k.

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Well first things first. You don't want to keep 200k all in one place! Open the 123 account, thats 20k @ 3%. Now you only have 180k to find a home for!

I don't think anyone is suggesting that would be a good idea..... 85k might be 'helpful' though?

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Clearly not suitable for lump sums but I still have several regular savings accounts paying over 3%. You can withdraw instant access once a year - yet the rates are better than many 5 year fixed bonds with no access without penalty until 2018! I even have an old one still paying 3.6% and my HSBC one linked to my bank account pay 6% (but its one year term only).

The Santander account requires you to bank with them - otherwise its Coventry or Leeds paying 1.6% instant access.

Re one year bonds Tesco is paying 1.9% - and the Post Office is good too. I would spread your cash - if then Bank of Ireland goes down so does Ireland so it is pretty safe (as much as any bank can be).

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Yorkshire building society do one called triple access asaver £1 - 2 million pays around 1.18 after tax passbook based and your allowed 3 or 4 withdrawals a year

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I've found some regular savings accounts that pay better rates and allow a decent amount in every month. Bit of a fiddle to set up direct debits to drip the money in but it's better than the current 1.35% easy-access on offer or locking up my money for a year or more.

Progressive Regular E-Saver Issue 2, 2.75%, £500 per month

http://www.theprogressive.com/savings/regular-e-saver/regular-e-saver-issue-2/

Newcastle BS Big Home Saver, 2.54%, £1250 per month

http://www.newcastle.co.uk/savings/big-home-saver.aspx

Market Harborough Monthly Super Saver Issue 2 , 2.0%, £3000 per month

http://www.mhbs.co.uk/monthly_super_saver_issue_2.aspx

Leek United Homebuyers Regular Savings, 3.0%, £1000 per month, 90 day loss of interest on closing.

Must be opened in branch, Derby area.

http://www.leekunited.co.uk/savings/products/regular-savings/homebuyers-regular-savings

Derbyshire BS Platinum Isse 11, 3.0%, £500 per month, fixed until 30/9/2015, 1 withdrawal allowed.

Branch opening only.

http://www.thederbyshire.co.uk/Savings-and-Investments/Our-savings-range/#tabLink3

Chorley BS Regular Saver, 2.0% ,£500 per month, postal application, electronic deposits.

http://www.chorleybs.co.uk/regularsaver.html

Monmouthshire BS, 2.1%, £1000 per month, 1 withdrawal/year, direct debit only, open online.

http://www.monbs.com/saver-plus-issue-20305/

Yorkshire BS Regular Saver, 2.0%, £500, branch opening only.

http://www.ybs.co.uk/savings/regular/index.html

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