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Saving £5k and interest Watch

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    I have just over £5k to put away until after university.
    I'm wanting to make sure I'm getting as much interest as possible over the next 2 years.
    I've found somewhere I can get 2.5% for 2 years. (It's a fixed rate bond)

    I'm not interested in investing in stocks or anything with risk etc, but I'd appreciate any advice or anyone's opinion on this

    Thank you
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    Have a look around on here:

    http://www.moneysavingexpert.com/banking/
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    (Original post by ByEeek)
    Have a look around on here:

    http://www.moneysavingexpert.com/banking/
    I have done. The bank I've found that my family use isn't actually listed on there, so I was just looking for second opinions really
    Thank you though
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    (Original post by A-LJLB)
    I have just over £5k to put away until after university.
    I'm wanting to make sure I'm getting as much interest as possible over the next 2 years.
    I've found somewhere I can get 2.5% for 2 years. (It's a fixed rate bond)

    I'm not interested in investing in stocks or anything with risk etc, but I'd appreciate any advice or anyone's opinion on this

    Thank you
    Some of the highest cash savings rates can be found on credit balances in current accounts. They usually have a limit up to which they will pay interest (£2,000-£3,000) but there's nothing to stop you opening more than one account. You'd need to check that there are no minimum funding requirements, or membership fees that would cancel out the interest, but it's a way of getting a good cash rate easily. the other thing, of course, is to make sure that you are able to open one concurrently with a student current account with another provider.
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    (Original post by Reality Check)
    Some of the highest cash savings rates can be found on credit balances in current accounts. They usually have a limit up to which they will pay interest (£2,000-£3,000) but there's nothing to stop you opening more than one account. You'd need to check that there are no minimum funding requirements, or membership fees that would cancel out the interest, but it's a way of getting a good cash rate easily. the other thing, of course, is to make sure that you are able to open one concurrently with a student current account with another provider.
    Thank you! I'm gonna keep looking around and see what I find. Yeah, I have a student account with HSBC so I'll have a look at the requirements
 
 
 
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