Millions of people across the nation have money sitting in high-street savings accounts earning diddly-squat, often at 0.1% or less. Many of you are scared to move your money as you want safety. Yet there’s currently a way you can earn over 10 times that amount and it’s 100% safe.
This is the worst time for savers I can remember. UK interest rates are 0.1% – the lowest in the Bank of England’s 325-year history. The only way to get a half-decent return is to become an active, disloyal, aggressive saver, shifting from best rate to best rate.
So, CHECK NOW what your savings pay. Anything less than 1% likely needs sorting. Below are the top ways to save, at the time of writing, but for daily updated best buys see moneysavingexpert.com/topsavings.
The three top easy access savings accounts are all totally safe
If you want an easy-access account where you can put money in and withdraw when you like, then, currently, the top-paying easy-access savings all come from by far the safest place – nsandi.com (used to be called National Savings), the Government-backed savings institution. So, there’s no excuse to be earning anything less than these…
This story is from the September 14, 2020 edition of WOMAN - UK.
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This story is from the September 14, 2020 edition of WOMAN - UK.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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