Best Instant Access Rates

[planteria]

The Lifetime ISA is the 27year death knell for the State Pension. If you think any 40-year old will be better off at 67 than a 67 year old is now, then you're clueless.

of course some will be. i don't see it as a death knell, either. the state pension is vitally important for many millions of people. i actually don't think the LISA or HTBISA, or JISA - for that matter, are of enormous significance.

[expressman33]

http://www.moneysavingexpert.com/saving ... t-interest

[Sarah]

Nationwide have just notified customers that they're cutting the Loyalty Saver 15yr Iss 4 rate again from 0.95% to 0.75% on 1 March 2017. In a way understandable, as they were paying a market leading rate, but also annoying as I'd just started using this account again and they look a bit silly & miserly for cutting the rate twice on a loyalty account in response to a single BOE cut!

[planteria]

agreed. i had been using Nationwide and Yorkshire..

[expressman33]

Tescos
Paying 3% on their current account for £3,000
No need for DD's or payment in
Can have 2

currently suspended for new applicants http://www.tescobank.com/current-accounts/

[Sarah]

That's slightly ominous; so presumably Tesco Bank are getting a little too much media attention or considering changes (or both)!

[planteria]

i tend to use one of my Building Society accounts to stash some money on Instant Access terms. i'm using Ecology at the moment, but with recent rises, following the small increase in the base rate, i think Buckinghamshire Building Society's 1.17% is about as good as it gets

[Sarah]

I opened Post Office Online Saver issue 26 a few weeks ago which is paying 1.26% but that includes a 12 month bonus and they've actually slightly reduced the rate for new accounts since then, as issue 27 released 1 December 2017 only pays 1.22%!

These accounts have easy access but aren't ideal as the Post Office don't provide outgoing faster payments, so no good if you want immediate withdrawals.

Birmingham Midshires Internet Saver has the highest rate in MSE tables for easy access, paying 1.45% right now:
http://www.birminghammidshires.co.uk/sa ... 08129587|0

[Bruce]

Birmingham Midshires Internet Saver has the highest rate in MSE tables for easy access, paying 1.45% right now:
http://www.birminghammidshires.co.uk/sa ... 08129587|0

I've almost given up on the 2% current accounts now (don't have quite enough direct debits ready for April anyway). Most money is cycling through regular savers (over 2%) and the rest in Birmingham Midshires at 1.45%.

[planteria]

so Birmingham Midshires is part of Barclays nowadays, is that right? ==oh, Bank of Scotland, ie. HBOS, ie. Lloyds Banking Group.
as a Savings Account is it easy to open? and how many DDs can we have going into the account?