Found 2nd Sep 2016
My crappy Natwest ISA is paying 0.25%. Any one got any suggestions for alternatives?

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14 Comments

Depends on your circumstances, for a bog standard savings account where you deposit or withdraw as much or as little as you want whenever you want, Virgin Money looks the best at a whopping 1.05%.

Some current accounts pay more if you don't mind switching but check the T&Cs, there's often a catch!

More info at MSE: moneysavingexpert.com/sav…est

I use various banks current accounts. TSB is 5% up to 2k. 3% at nationwide up to 2500. And rest in Santander up to 20k

For cash ISA try Principality B/S = 1.25% or Kent Relianice B/S = 1.25% hope this help's

I get 5% on my nationwide current account and savings account, only for a year though

Most current account linked savings account are better than longer term (but for limited amounts) as stated above, Nationwide & TSB are 2 that come to mind

according to Martin Lewis clicky link Top Savings Accounts

nationwide 5%, tsb 5%, santander 3%

hard to help with such limited info

chocci

nationwide 5%, tsb 5%, santander 3%hard to help with such limited info


Santander 1.5% from November

Would need to know how much you have in the account and if you need it to be an ISA ( bearing in mind the new tax rules re savings interest) to be able to make any firm recommendations. However as the vast majority of banks are reducing their interest rates over the next few weeks I'd wait until they have to swap, unless you are going for a fixed rate account. Otherwise you risk moving only to have the new interest rate reduced almost immediately. Santander and Natwest have already announced their reduced rates which kick in between the end of October and November.

Original Poster

tinkerbellian

Would need to know how much you have in the account and if you need it to … Would need to know how much you have in the account and if you need it to be an ISA ( bearing in mind the new tax rules re savings interest) to be able to make any firm recommendations. However as the vast majority of banks are reducing their interest rates over the next few weeks I'd wait until they have to swap, unless you are going for a fixed rate account. Otherwise you risk moving only to have the new interest rate reduced almost immediately. Santander and Natwest have already announced their reduced rates which kick in between the end of October and November.

I would be looking at depositing a lump sum, say £10K. The best rates seem to be for Regular Saver accounts, but are limited to 12 months, and £200 per month deposit. After that, ISA's seem to come out poor (apart form Help to Buy ISA's, which are again limited to the amount you can deposit). It appears better to have multiple current accounts!

santander 3% rate halves in November get it in a Stocks and shares Isa

Yes Stocks and Shares ISA is the best way to go have a look at = Nutmeg Investment.

Original Poster

Cheers guys. I will have a look at Nutmeg.

If you have a nationwide flexdirect bank account and pay in £1000 per month they will pay you 5% interest on a balance of upto £2500 if you then a flexclusive regular savers account you can earn another 5% per month and pay in a maximum of £500 per month. Only for 12 month thou
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