Today Moneybox has just updated their cash Lifetime ISA rate to 5% "This includes a 4.00% base rate (variable) and a fixed one year bonus interest rate of 1.00%"
Only the fixed-term bond rates are fixed.... here is a link to the current best fixed-rate savings accounts in the UK moneytothemasses.com/saving-for-your-future/savings-best-buy-tables/fixed-rate-bonds Damien
Im actually looking to switch from my Natwest flexible saver account to try and get a bit more interest on my money, not sure if its worth trying The Co-op 7% regular saver.
@@leaf3827 I have both Natwest Digital Regular Saver and Co-Op Regular Saver accounts. Once you have £5000 in the Natwest account you can not put any more money in and it will just generate ~£300 yearly interest (as long as the rates are the same). The downside being that you can only put in £150 per month - whereas the Co-op one is only for a year then you'll have to move it to a lower interest account. So the Natwest account is better long term as somewhere to gradually save/maintain an emergency fund, but the Co-op one is better short term. edit: once you have £5000 in there, you can move the interest into a different account every so often because it's only 1.75% over £5000+
Today Moneybox has just updated their cash Lifetime ISA rate to 5%
"This includes a 4.00% base rate (variable) and a fixed one year bonus interest rate of 1.00%"
So these aren't fixed rates right? As you're saying that they an drop etc.
Only the fixed-term bond rates are fixed.... here is a link to the current best fixed-rate savings accounts in the UK
moneytothemasses.com/saving-for-your-future/savings-best-buy-tables/fixed-rate-bonds
Damien
Trading 212 Cash ISA is 5.2%
what about nat west? they have a savings account thats 6.14%
Because it's only up to 5000
Im actually looking to switch from my Natwest flexible saver account to try and get a bit more interest on my money, not sure if its worth trying The Co-op 7% regular saver.
@@leaf3827 I have both Natwest Digital Regular Saver and Co-Op Regular Saver accounts. Once you have £5000 in the Natwest account you can not put any more money in and it will just generate ~£300 yearly interest (as long as the rates are the same).
The downside being that you can only put in £150 per month - whereas the Co-op one is only for a year then you'll have to move it to a lower interest account.
So the Natwest account is better long term as somewhere to gradually save/maintain an emergency fund, but the Co-op one is better short term.
edit: once you have £5000 in there, you can move the interest into a different account every so often because it's only 1.75% over £5000+
Which savings account is this on NatWest?