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Getting the best interest rate on your savings

By David Jones

With interest rates in the UK continuing to fall and rates forecast to fall even further many of the top savings accounts have been withdrawn by banks and building societies but there are still a few great rates available and the organisations that are offering these rates are all covered by the financial services compensation scheme to £50,000 for individuals or £100,000 for joint applications.

Some of the best savings accounts remaining open for UK residents are

1/A 1 year fixed rate bond paying 3.90% on minimum investment of £1,000

2/A 90 day notice account paying 3.50% on minimum investment of £100

3/An Instant Access account paying 3.25% on minimum investment of £100

I have also come across one savings account that has now dropped the interest rate it pays to 0% for investments of less than £500 so if you have not checked what your savings rates are lately it would be a good idea to check sooner rather than later to make sure you are maximising the returns on your savings and not in one of the accounts paying 0%.

rates correct as of 23/02/2009 http://www.carpetbagging.co.uk/id1.html

External Links

Top Savings Accounts | Fixed Rate Bonds | Notice Savings Accounts | Instant Access Savings Accounts

Contributed by Promotional Codes on February 24, 2009, at 8:51 AM UTC.

PLEASE VISIT THE CONTRIBUTOR'S WEBSITE
Best Savings Rates and Carpetbagging
Best Savings Rates
www.carpetbagging.co.uk

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