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Which bank or building society give best interest on saving account?

(7 Posts)
comfortseeker Thu 24-Sep-15 15:05:58

Just want check here before shopping for a bank. Barclays only gives less than 1%. Better in other places?

specialsubject Thu 24-Sep-15 16:26:08

yes. The best interest available is from current accounts; you can get 5% in the TSB and Nationwide and 4% at Lloyds. You need to play games with direct debits and standing orders with some of them to have money going in.

otherwise here's the list of fixed rate bonds, and the page will also lead you to other savings accounts. With those you can double that 1%. Don't spend it all at once.

Jasper15 Fri 09-Oct-15 15:23:42

Current accounts now seem to offer better rates than Savings Accounts.The Santander 123 account is not to be sniffed at -you get 3% on the balances up to �20,000 AND cash back on Direct debits. Check it out but I think you have to pay in a certain amount per month (�500?)to get the 3% and have a minimum of 2 D Debits which is not hard to do

FreckledLeopard Fri 09-Oct-15 15:28:11

Depending on what access you want for your money and your risk appetite, have you considered Premium Bonds or investing through a platform such as Funding Circle?

specialsubject Sat 10-Oct-15 12:06:05

premium bonds pay no interest unless you win, so get gradually destroyed by inflation.

investing can work but is risky.

OP disappeared anyway.

writingonthewall Fri 11-Dec-15 12:50:53

I have my savings in about 10 different current accounts, all of which pay 3-5% but have maximum amounts you can put in them. I have a couple of pots of £500 which move from one account, to the next, to the next etc to meet their criteria. fiddly to set up but then no effort. Most are with TSB, some with Santander.

Mumtumwhatever Sat 26-Dec-15 19:49:39

Go onto moneysaving expert as they evaluate the best accounts available

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