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Best ways to earn interest on saving? watch

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    Currently for a number of years now interest rates have always been cr*ap, however what the best way to earn interest on saving. I know an ISA offer a good rate, but surely their must be other ways?

    I am not just referring to banks, i have heard of peer lending that offer good rate. (12.5%) However anything less risky?
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    Some current accounts seem to have better rates now, it seems.
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    My current account offers 4.5% on £5k
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    (Original post by claireestelle)
    My current account offers 4.5% on £5k
    Which one?
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    (Original post by accno1)
    Which one?
    Club lloyds I meant 4%
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    ISAs are good, anything where you store your cash in an illiquid state usually offers good rates (Bonds, Savings accounts etc)
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    The higher the risk, the higher the rate of return.

    The tax on savings changed this tax year so you can earn £500 or £1,000 of interest tax free on any savings (before you were taxed 20% at source though you could claim back if not earning).

    There are a few current accounts which let you earn anything between 2% and 5% on various amounts.
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    (Original post by Akpatel94)
    Currently for a number of years now interest rates have always been cr*ap, however what the best way to earn interest on saving. I know an ISA offer a good rate, but surely their must be other ways?I am not just referring to banks, i have heard of peer lending that offer good rate. (12.5%) However anything less risky?



    Have a look on here, this shows you how you can maximise interest using bank accounts.

    http://www.bankaccountsavings.co.uk/
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    Help to buy isa. You can put £200 a month into it and the government add £50 for every 200 you save. But you can only spend it on buying property
 
 
 
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