Best savings accounts

GlasgowGirl

Facilitator
Jul 22, 2008
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Not that many of us have lots of money to save just now, but anyone who does have some cash left over from Christmas might find this article useful. It's a run-down of the best savings accounts currently available, and offers some advice on how to find a decent rate - basically, get a fixed rate account so that you won't lose out if interest rates continue to drop.
 

G_M

New Member
Feb 1, 2009
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Getting harder and harder to find decent rates. For a consistently good interest rate, try Investec’s High 5 account. The rate changes every week but always = the average of the top 5 accounts listed by Moneyfacts, so it's always nearly the best-paying account. This week's rate is 4.07%. Downside is you need to give 3 months notice, you need a minimum balance of £25K, and it is post/phone operated. But it IS covered by the FSA’s £50K compensation scheme.
They'll also give both you, and an existing account holder (referree), £50 when you apply. If you want to use me to get this, PM me.
 

G_M

New Member
Feb 1, 2009
11
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Investec High Five savings

Like all accounts, it's dropped (3.07%), but still avarages the top 5, so will rise as other accounts do. Still offering the £50 incentive too: gentle_mike1 at hotmail for details.