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Best savings account, decent interest rates? Watch

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    I have about 3000 pounds that I want to save but I need advice on where to begin with opening a savings account and with whom I should open with. I don't mind if it's one that doesn't allow me to access it/withdraw from for one year if the interest rates are better.

    Any advice guys?
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    (Original post by Captivated)
    I have about 3000 pounds that I want to save but I need advice on where to begin with opening a savings account and with whom I should open with. I don't mind if it's one that doesn't allow me to access it/withdraw from for one year if the interest rates are better.

    Any advice guys?
    Savings accounts and good interest rates are an oxymoron in the current economic world.

    Buy a copy of the Sunday Times and look at the money section for the best current rates.
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    (Original post by uberteknik)
    Savings accounts and good interest rates are an oxymoron in the current economic world.

    Buy a copy of the Sunday Times and look at the money section for the best current rates.
    Lol, I can imagine. I meant good interest rates relative to other accounts.

    Thanks
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    (Original post by Captivated)
    Lol, I can imagine. I meant good interest rates relative to other accounts.

    Thanks
    If you are happy to go with a smaller institution (peer to peer) then something like The London Capital and Finance plc are offering 6.5% for 2 years with an investment of £5000, no fees, no set up charges and no exit charges.
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    (Original post by Captivated)
    I have about 3000 pounds that I want to save but I need advice on where to begin with opening a savings account and with whom I should open with. I don't mind if it's one that doesn't allow me to access it/withdraw from for one year if the interest rates are better.

    Any advice guys?
    https://www.bankaccountsavings.co.uk/calculator
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    get a value added current account instead or stick it in a fixed rate bond
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    To be honest, you may be better looking at current accounts.
    I've found that they're offering better interest rates, especially for new customers.
    However, you need to look at their t&c's. I've done this and use it as a saving's account but I have to put £500 in there each month as a minimum.
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    (Original post by ButterFingers)
    To be honest, you may be better looking at current accounts.
    I've found that they're offering better interest rates, especially for new customers.
    However, you need to look at their t&c's. I've done this and use it as a saving's account but I have to put £500 in there each month as a minimum.
    Yeah, I've been told current accounts are a good option but I don't have an income I just have one lump sum so I don't think that would work thank you though

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    (Original post by Captivated)
    Yeah, I've been told current accounts are a good option but I don't have an income I just have one lump sum so I don't think that would work thank you though

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    you can drip feed it into a current account by setting up a savings account at the same time and then transfering it over on a monthly basis, works for me
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    (Original post by Captivated)
    Yeah, I've been told current accounts are a good option but I don't have an income I just have one lump sum so I don't think that would work thank you though
    If you have two accounts, you can transfer back and forth between the two to meet the £500/month transfer requirement.
 
 
 
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