What saving account is the best at the moment?

Question

i want to have access to my funds at any time

Answer 1

Barclays are doing an ISA at the moment that gives 6.5% interest paid monthly.

an ISA is a tax free savings account everyone over the age of 16 and a UK resident is entitled too from the government. You are allowed one ever tax year (april to april) and are allowed to put a maximum of £3600 in during this tax year.

The Barclays ISA at the moment allows you instant access and you don't have to pay in regulaly. It's the best no string interest rate on the high street at the moment so go into to your nearest branch and take with you a passport or full driving license. You don't even have to be a customer of theirs and you wont need to open any other bank accounts including a current account.

Nothing to lose really. I have one and I got the tax beater ISA from them last year. Really good they are!  

Answer 2

Savings accounts are by definition not accessible until the time is up.

But even if they do claim to be (such as ING and orange), what they give you is NEGLIGIBLE (interest is compounded daily, thus until the very last few days, the earning is disproportionally less). If you think you'll need your money, you're more than likely going to need it, just get into the habit of saving and not spending and you'll end up not only saving more, but having access to your money all the time.

Savings accounts give you less than 4% a year, so if you had $10,000 saved, they'll only give you $400 a year, that's less than $35 a month, how easy it'd be for you to save that yourself just by simply :

1. Not eating out

2. Not eating junk food

3. Not tipping waiters

4. Recycling/reducing

5. Cutting off a monthly expense

Answer 3

WAMU has a good online savings account along with free checking.

Check out http://www.bankaround.com for other accounts.

Answer 4

An ISA should be your first consideration as these are tax free. You can invest up to £3,600 in a cash ISA each tax year. Currently the highest rates on offer are from Icesave at 6.10% or Barclays at 6.08%.

Another options is an instant access account. There are a couple of things to bear in mind when opting for these accounts:

1) Online accounts - Accounts managed online tend to offer higher rates but these are not suitable for everyone. The top rates at the moment are from Bradford & Bingley at 6.51% or Intelligent Finance at 6.40%.

2) Bonuses - some account pay a bonus for a limited period. If you opt for one of these accounts make sure you review the rate once the bonus end, otherwise your money could be left in an account paying an uncompetitive rate.

If you log on to Moneyfacts.co.uk you can use our savings search, which after taking a few details shows you the best accounts to suit your needs.

Answer 5

Depends how long you want to tie up, how long for, how much! Weather you want instant acccess, penalites for withdrawels etc! Tel me that and ill find ya perfect one!  

Answer 6

List of top savings accounts available here.

http://www.carpetbagging.co.uk/id1.html

Answer 7

I get a good rate with the HSBC Online Saver Bonus account