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Any "Good" Savings accounts

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JBS2022
JBS2022 Scope Member Posts: 2,075 Disability Gamechanger
in Cost of living
Does anyone know of any banks that provide reasonable interest ( unlikely I know)or the best interest. I'm trying to save and I need a decent savings account.
Life is better in a fishtank  🐟
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  • OverlyAnxious
    OverlyAnxious Community member Posts: 2,689 Disability Gamechanger
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    There are different types of savings account.  For example, do you want an instant access or a longer term fix?  Do you have a lump sum or just putting away a small amount each month?

    There is also the Help-To-Save scheme if you're on eligible benefits.

    For bank options, see this page - Savings accounts: 3.4% easy access or up to 4.51% fixed (moneysavingexpert.com)

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  • Hannah_Alumni
    Hannah_Alumni Scope alumni Posts: 7,912 Disability Gamechanger
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    I agree with the link Overly has provided! 

    Anything financial I think, Martin Lewis :D 
    Hannah - She / Her

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  • JBS2022
    JBS2022 Scope Member Posts: 2,075 Disability Gamechanger
    edited March 2023
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    Thanks ive just read about the Help To Save scheme, I'm gonna try that. 
    Life is better in a fishtank  🐟
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  • L_Volunteer
    L_Volunteer Community Volunteer Adviser, Scope Member Posts: 7,983 Disability Gamechanger
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    Have you managed to try the Help to Save scheme yet @JBS2022 and, if so, how have you found it? Please do feel free to let us know how it goes and if we can do anything else to support you  :)
    Community Volunteer Adviser with professional knowledge of education, special educational needs and disabilities and EHCP's. Pronouns: She/her. 

    Please note: if I use the online community outside of its hours of administration, I am doing so in a personal capacity only.
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  • PhilG111
    PhilG111 Community member Posts: 20 Connected
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    I went through the money saving website for a decent savers account. I was looking for a deposit and forget type saver account and it came up with another Broker site called Raisin, which holds your details but has access to hundreds of different accounts. I selected one that is supposed to give me 4.5% for 12 months.

    Halifax also has a regular saver (4.5%, upto £250 per month) but you need an account with them.

    I also use the Moneybox app and have an instant saver there (with Clydesdale Bank) at 3.7% per annum. But it's a weekly collection so you have to plan accordingly, I haven't found a way of changing yet. If anyone does know please let me know.
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  • JBS2022
    JBS2022 Scope Member Posts: 2,075 Disability Gamechanger
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    L_Volunteer said:
    Have you managed to try the Help to Save scheme yet @JBS2022 and, if so, how have you found it? Please do feel free to let us know how it goes and if we can do anything else to support you  :)
    I haven't yet I'm gonna enquire about it after I have dealt with becoming my husband's appointee. Probably some point by Friday.
    Life is better in a fishtank  🐟
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  • L_Volunteer
    L_Volunteer Community Volunteer Adviser, Scope Member Posts: 7,983 Disability Gamechanger
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    Best of luck becoming your husband's appointee @JBS2022. Please do feel free to let us know how things go and if there's anything else we can do to support you  :)
    Community Volunteer Adviser with professional knowledge of education, special educational needs and disabilities and EHCP's. Pronouns: She/her. 

    Please note: if I use the online community outside of its hours of administration, I am doing so in a personal capacity only.
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  • woodbine
    woodbine Community member Posts: 11,841 Disability Gamechanger
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    You have to do a lot od internet searching to find decent rates, we  did a 12 month fixed rate last year at 2.8%, it's likely that base rates will increase again next week perhaps to 4.5%, although savings rates seem to lag behind base rates still.lifetime ISA's offer a good deal for the 18-39's
    2024 The year of the general election...the time for change is coming 💡

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