Which savings account should I use to save?

[carrottopper]

I'd like to open a savings account to pop anything from £20-£300 a month into to help me save. I just need it in a separate place so I don't spend it, but also want access to pull it back if I need it. Can anyone help? My bank account is with Halifax

Have you thought about premium bonds?

Hubby and I have been doing that for a few years and both have the £50k limit, we win something most months, in fact i think it’s over a year since we didn’t. He won £1k last year in one month, and we usually do £25-£75 a month between us absolute minimum in winnings

No I hadn't thought about it but will consider them now. My dad had a few hundred pounds worth of them for years and never won a penny

You can set up a regular monthly saver or an ISA

Do you have a private pension ?

@EncoreExaxt4

You can set up a regular monthly saver or an ISA

Do you have a private pension ?

I think they key thing is to build them up, the odds are small but increase dramatically the more you have. From memory once you get to around £12000 worth you have a statistically reasonably good chance of winning something each month

@EncoreExaxt4 I have a work pension. I would like possible access to this money if needed tho

Premium Bonds are only worth it if you put in tens of thousands of pounds.

Either look at an easy access savings account (all banks/building societies have them) which will pay almost zero interest, eg

www.halifax.co.uk/savings/easy-access.html

or look for a Regular Saver account (which usually only last for 1 year - interest rate is higher but you might be penalised for withdrawing money before the year is up), eg

www.coventry.buildingsociety.co.uk/consumer/savings-accounts/Regular-Saver.html

If it's a relatively small amount and you just want a separate account to stop you spending it, then an easy access account is easiest (just give up the idea of earning any interest). It's also easier to open an account with a bank/building society with whom you already bank as you don't need to provide proof of identity again.

I have a 95 day savings account with Moneybox and the interest rate is currently 0.6%
I find it very good as I also have my LISA with them and can see all my money and interest easily through the app.

The only downside is that I need to give 3 months notice to withdraw it which is actually fine as it stops me spending it and I’m saving to buy a house so no need for it before then

For that amount id put it in a high interest savings account, the app banks have great options, Monzo & Starling & Chip banking app at 0.3-1.25% its easy access. Chip+ have an account for 1.25% which is so good compared to high street - i made a video about the benefits here if its of interest, but yeah id say go easy access high interest saving account with a app bank for sure, youll get a much better rate than a highstreet bank at the moment!

Halifax regular saver at 1%?