BEST SAVINGS: March 2024 update
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- Опубликовано: 2 авг 2024
- Find out which savings accounts will pay you the best rates right now in my latest roundup.
*Find the latest accounts in my regularly updated savings account best-buy article over on our site
becleverwithyourcash.com/savi...
*More on these updates on the blog
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W A T C H N E X T
Updates on the best savings, current accounts and credit cards
• The best children's sa...
Should you move your savings?
• Is it worth moving sav...
Regular Savings accounts explained
• Are Regular Savers wor...
#Savings #HighInterest #BestSavingsAccounts
TIMESTAMPS
00:00 Lots of rates now beat inflation
00:22 Are rates better or worse than last month
03.30 Inflation and base rate news
04:40 Best Easy Access accounts - up to 7%
08:00 Best Limited Access & Notice accounts - up to 5.45%
09:10 Trading 212 offers 5.2% account
10:34 Best fixed rate savings - up to 5.26%
12:14 Premium Bonds cut
12:14 New Co-op regular saver - 7%
13:33 Best regular savers - up to 7%
15:52 Best ISAs, including Chip ISA and Tembo/Moneybox Lifetime ISA hikes
MORE
S U B S C R I B E / @becleverwithyourcash
N E W S L E T T E R - becleverwithyourcash.com/news...
(You'll also get a free Quidco bonus for signing up)
T W I T T E R - / andyclevercash
I N S T A G R A M - / andyclevercash
F A C E B O O K C O M M U N I T Y - / 2661970707423383
B L O G - becleverwithyourcash.com
A B O U T A N D Y
Andy Webb is a money blogger and journalist. He runs the award-winning website Be Clever With Your Cash, hosts the Cash Chats podcast, presented Channel 5’s Shop Smart Save Money and writes every month for Reader's Digest. Andy also founded the community ukmoneybloggers.com.
DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.
It would be nice if you can do a video with best savings accounts that have mobile apps,like the main banks. These accounts don’t have apps and even if they are fscs protected, they are not practical. For £30-£50 interest extra a year i would stick to a bank that has a good app
£50 a year is nothing to be sniffed at. That will pay for my netflix
You should have the best at each minimum payment. The ones that need £10k or £25k minimum are pretty insane for us mere peasants. Would be good to have a table split into minimum balances £1-100, 100-1000, 1000-5000, 5000-10000 and 10000+
I opened the cahoot account. Thank you.
Thank you, super valuable tips!
Thanks for the video!
Can you do a video explaining how cash back works , what to look out for / and best options?
Thanks Andy always like your updates, Yes I’m always interested in ISA’s, hopefully there’s some good rates in the new tax year in April?👍🌟
Good work Andy :)
120day notice is 5.7% at Earl Shilton Building Society.
^ This could have been amazing! I just had a look: "Please note that this account is currently closed for new account opening but existing account holders can operate the account as usual." 😖
Super useful video! I love that you started to cover Trading 212, although it's not a savings account it's hugely relevant!
Hi Andy, how about OakNorth Bank Cash ISA Fixed 1 year 5%? Thanks
So much to think about!
How long does Zopa or Chip ISA/Savings accounts take for withdrawals to hit your nominated account?
Zopa say often less than 10mins but can be 2 hours whereas Chip says up to 2 hours. Is Zopa actually quicker than Chip?
I have regular savers with First Direct and Nationwide (7% and 8%) I plan to open a Chip ISA next month and start a new First Direct regular saver when the current one matures and closes. Is this the best option.
No mention of the Skipton 5.5% saving account ? With the max of £3000
how about Natwest?
Just wait until the NS&I one year 6.2% matures in the autumn, the market will be flooded with cash and rates drop further.
Hi i have 20000 pounds in my current account, dont know what to do. im new to UK(Im with work visa in IT company), can you please suggest?
Which one is the best Fixed Cash ISA, apart from Virgin Money (as don't want to open another current account)?
All the other options are at becleverwithyourcash.com/best-cash-isas/
Chase. 4.1% up to 500k 😊. The others have very low ceiling
It's a shame My Community Bank stopped their 5.17% Easy Access a few days ago.
Hey Andy, I don't suppose you could make a video talking about 5 year fixes, and if they're worth it, considering everything going on? Sure they might beat interest rates in the future, but also you're powerless to do anything if inflation goes higher etc.
Trading212 at 5.2% as an ISA is pretty good though!
This! It actually made Cash ISA obsolete with this 5.2% offer.
can International students (tier 4 student visa holders) open LISA to save for a deposit? and can they withdraw it at a later date if they have to leave the UK in the future? Thanks
my lifetime ISA with moneybox is still at 4.25% is it only if u open a new one? doesnt seem right to be punished for being loyal. cud i open a new one next tax year and transfer my current one over to it?
It's not the LISA with a 5% rate, only their regular savings account (which doesn't give you the 25% gov bonus) but to get the 5% rate instead of 4% you must have another eligible product.
Definitely not worth withdrawing from your LISA for.
If you're maxing your LISA and are looking for a second savings account there are higher rates available anyway. Both Co Op and First Direct offer 7% (there is a cap on how much ou can put in monthly though, and FD it's effort to change the monthly amount once you set it up)
Nationwide was also offering 8% but I think they've lowered this now
@@sara9saysyo you misunderstand the moneybox lifetime isa has gone up to 4.4% but only for a new one. im asking can i open that next tax year then move my money from my other lifetime isa which is at 4.25%
I just opened a chip cash ISA account, looking to deposit money in but don't want to give them access to my main barclays account. Have contacted chat, where the bot said I'd get a response within 48 hours... 😒
Just did the same earlier today and apparently it's in their T&Cs but they support Monzo so you can use a Monzo account just as middleman for transfers I guess
The problem is (and I apologise if this sounds daft) I’ve literally not heard of most of these banks, how safe are they?
They'll be covered up to 85k by the fscs
he would not promote them if any were doubtful
But how come he doesn't mention these banks?
The banks he has not heard of are not mentioned? 🤨@@christopherolawoye7003
Me either. Maybe they are fscs protected but i guess their apps or customer service are bad so i would stay away from them. Use the main banks even if is a lower interest at least you have a good banking mobile app.
I’ve got £3k in chase with 4.1%, would it be worth putting it elsewhere? My first direct regular saver is due to finish and I’ll have £6.6k to put in a savings next month, which is the best, have no interest in touching this money till next year.. I’ve currently opened more regular savers for the next 12 months, co-op etc
Once you wait til your FD matures you're able to re open the same savings account with the 7% rate again with the max £300. Obviously you can't put the whole 6k in there though.
Depending on what you're saving for you could open a LISA before the tax year changes and take advantage of the 1k from the gov (if you're buying a house within their criteria or saving for retirement and have no plans to touch the money)
Best 5 year bonds?
Shawbrook 4.53%. Monthly option slighter lower at 4.44%.
Hi,
Do you have any videos that would be good for someone who has just sold their house and needs to put money away for a few years?
We Just sold the house. No intentions of buying in this market. The wife and I have just opened a S&S ISA (20k each) and will do another 20k each after April 6th. I am on top rate tax bracket and she isn’t earning. We need to put the rest of the money in to some sort of savings account. Need about 50k accessible and the rest can sit for 1-2 years.
Any advice much appreciated and if you do private calls, we may be interested in a chat also.
Cheers
You always miss clubs Lloyds @ 6.25%. Why? 😡
First view!
Congratulations 🎉
HI ANDY, GIS A KISS
wankasoff