Best instant access savings account

19 July, 2018

Question by Anon

Could you be kind enough to let me know what would be the best instant access savings account for me? I would like any interest to be paid to me monthly. Thank you

Answered by Holly Mackay

The rates on savings accounts are not brilliant, but I’m guessing you know that already. It is always worth shopping around as they change frequently. The top rates at the moment can be found at www.savingschampion.co.uk/best-buys/personal/monthly-income/#table

The best deals are currently offered by Atom Bank, but you have to tie your money up, which you don’t want to do. As such, the best deal available today is the Post Office, offering a rate of 1.29%. Check out the small print of these deals as some have restrictions or are only branch-based etc.

Answered by

Holly Mackay

Founder & CEO, Boring Money

I’ve worked in investment markets for over 20 years. I started out at Merrill Lynch Investment Management and worked at a few big names before setting up my first business in 2008.

I like words and ideas more than numbers. I like investing because at the end of the day it’s about using our money to fund innovation and growth. That’s more fun than any graph!

I like explaining things and ‘bullshit-bashing’. Away from work I like travelling, reading, wine, dinghy sailing, swimming in the sea and running.

I am not very good at sitting still and a manicure is my idea of hell. I have 2 amazing kids and a dog of little brain. Like most people, I'm currently craving a good beach holiday and the smell of sun tan lotion!

NB: Holly is not a qualified financial planner or adviser, she does not take on any individual clients and is unable to accept any requests to provide personalised financial advice. Sorry!

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