Where to put your savings to get the highest rate on easy access accounts
If you want easy access to your money, you can earn over 3%, but the interest rate on some accounts plummets after a year.
It's hard to get anything approaching a reasonable interest rate on your savings at the moment, and accounts are currently often being relaunched with lower interest rates than a few months ago. The best accounts are online and often pay a chunky bonus rate. Rates change regularly so it's well worth checking best buy tables before you apply, but here are some suggestions:
Virgin Money has launched its first Northern Rock savings accounts; how do they compare?
Virgin Money has taken over Northern Rock, what does it plan to do?
Virgin Money took over Northern Rock on January 1st and – with its formal launch of the newly made-over Virgin Money branch in Newcastle this morning, it’s hoping to make a splash in the high street banking world. Its takeover means that a million Northern Rock customers are now Virgin Money customers and it’s launched its first savings accounts and ISAs since the takeover. What’s on offer?
More savers are turning to peer-to-peer lenders to make money, but how is your money protected?
The interest rate from sites like Zopa and Funding Circle are much higher than you’d earn in a bank, but what should you look out for?
How do you fancy the idea of earning 6-8% interest on your cash? Sounds appealing? Thought as much! That’s not an unusual return for people who lend money via ‘peer-to-peer’ lending sites such as Zopa, Ratesetter and Funding Circle. But you’re money’s not protected if the site goes bust and there’s a shortfall. And this week one of the smallest sites, Quakle, did go out of business.
