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Best saving account to start emergency fund ?

3 replies

MinstrelMum · 03/06/2024 16:39

Looking to transfer £200 a month with a £500 initial deposit.

Looking for a high interest rate… any recommendations?

OP posts:
maxelly · 03/06/2024 16:55

As it's for an emergency fund you need it somewhere relatively accessible which will mean a slightly lower interest rate than if locked up for longer. A cash ISA may be a good bet, or just a normal savings account. Recommend looking into the best buys on MSE

https://www.moneysavingexpert.com/savings/best-cash-isa/

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

yoshiblue · 03/06/2024 17:03

Who do you bank with? I've got a good regular saver with NatWest but I think you need your current account with them. 6% ish.

kublacant · 03/06/2024 17:05

Have a look at Marcus or Chase accounts. They are instant access and have a decent rate of interest. They are online / App only though.

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