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  • Best savings account?

    This is probably in the wrong place, since there's no other threads in this section, so if someone could move it that'd be great, sorry that I haven't found my way around the forums yet.

    When mum died we found out she had a works life insurance policy, my sister knew more about it than me and warned me not to expect it to be much. I thought it'd be maybe a weeks salary for every year she'd worked there (NMW), and was hoping that it might hit about 500.

    I googled earlier today and it's actually a years salary! So nearer to 6 thousand each.

    Now, I've got a shopping list for some of it - disability aids, Uni fees (if I get in - part time so only 1650 a year), a new sofa (this one's falling apart), and then go mad and splash out on an ipod and maybe a couple of hundred on a couple of cheap city breaks.

    Which will leave me with 3.5k, which is still an enormous amount to me.

    Because of my MI, I need to protect it, so I don't go manic and spend it all on crap.

    So, what's the best savings account for me to put it in? I'm less bothered about interest rates than I am about not being able to get at it without having to wait at least a couple of weeks, but still have access to it in an emergency. So nothing that ties it up for months/years.

    It'll also end up being fairly short term, because once mum's house is sold (could be a few months, could be a year or more) I'll have to lump everything together and start fighting the jobcentre, and hopefully buy a house with it. If not, then I'll need to live off it at benefits level rates. But that part's in the future, it's the next few months I'm dealing with (the thought of being responsible for tens of thousands turns me into a gibbering wreck, so I'm not thinking about it. lalala.)

  • #2
    Re: Best savings account?

    Hi Ames,
    I've been looking around for a similar savings account, and ended up opening a Tesco Instant Access Savings account as you can manage it online, by phone, at Tesco stores and you get an ATM card. No minimum deposit. My main criteria was unconnected to any banks I'm in dispute with too! LOL. Interest rate average up to 1.25%.
    Might be an idea to stick 500 away as premium bonds for a rainy day too...

    Shepherdess x



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    • #3
      Re: Best savings account?

      One i've got is with the Yorkshire Building Society, full details here--> YBS Savings - Internet Saver

      Good point with this is no credit check, mine was approved fairly quickly

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      • #4
        Re: Best savings account?

        The principality building society does a good one, its unconnected with anyone else, so good for that, its online only so you can get the money in about a week if you need to but not right away. and its the one with the dinky wee boxes that you can divide up your savings in to various accounts so that you can save for various things, it also has a neat wee measurement that will let you know how you are doing towards a target, rate of interest isn't too bad either and they can't credit check you cos I got one!
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        • #5
          Re: Best savings account?

          Originally posted by Shepherdess View Post
          Hi Ames,
          I've been looking around for a similar savings account, and ended up opening a Tesco Instant Access Savings account as you can manage it online, by phone, at Tesco stores and you get an ATM card. No minimum deposit. My main criteria was unconnected to any banks I'm in dispute with too! LOL. Interest rate average up to 1.25%.
          Might be an idea to stick 500 away as premium bonds for a rainy day too...

          Shepherdess x
          Thanks, but that would be no good to me, I don't want instant access and definitely no ATM card! It'd be empty within a week and my flat bursting with tat.

          Originally posted by evenlessdopey View Post
          The principality building society does a good one, its unconnected with anyone else, so good for that, its online only so you can get the money in about a week if you need to but not right away. and its the one with the dinky wee boxes that you can divide up your savings in to various accounts so that you can save for various things, it also has a neat wee measurement that will let you know how you are doing towards a target, rate of interest isn't too bad either and they can't credit check you cos I got one!
          I like the sound of that one, thanks.


          Thanks everyone.

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