RZ pretty much nails it
Have a look at this link Stewarty
If you can leave it for a year without touching it you can get 4.1% gross from Newcastle BS as a 1 year investment bond- no withdrawals
If you can leave a bit longer you can get a bit more, but locked in
If you need access to cash there is a few that can give 1.8% to 2.5% with x amount of withdrawals a year or full unrestricted access
https://www.moneysavingexpert.com/sa...=11#easyaccess
Last edited by KincorthDon; 28-09-2022 at 07:56 PM. Reason: Sorry D&D - didn’t notice you posted similar link
Go out and buy some magic beans.
I've heard you can get some crackers.
Some of them grow magic money trees. Truss bought a bunch of them and now she can fund tax cuts with the crop, simple really.
I know that it's supposed to be the sensible thing to do but I can't say I've ever been tempted by 1.8% or whatever.
Spent my whole life being offered loans at 15% or worse.
It'll all be worth it when I'm an overnight success, which must be soon now.
Spot on RZ. Also, don’t “go to the Bank” - interest rates are predicted to keep on rising in the short-term but won’t be nearly as much as current inflation rates, so it’s really about mitigating inflationary effects. The stock market has taken a battering in recent weeks but will rebound, I’m sure. It might therefore be seen by some as good value just now for that reason. It’s risky though but if you are able to take a long-term view it generally outperforms cash by a significant margin. Don’t act on this please as it’s just my personal thoughts - see a financial adviser, I’d suggest.
As noted above, Martin Lewis really is good for checking this sort of thing. Use his website which is updated frequently and also sign up to his newsletter, which gives some good ideas on both savings and savings in general on things like credit cards, utility bills, etc, etc.