What are the best banks to use in the UK for gaining interest?

>>1433746
Use Google to find best rate.
Instant access accounts pay less than 30/60/90 day accounts.
Save into an ISA account always.

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>>1433756
Thanks boss

Plently of good current accounts available at high interest rates.

Depends on how much you have. Can get 5% on up to about 5 grand easy enough with a couple of accounts at nationwide/tsb, with only monthly pay in requirements. ( can transfer between banks for that)

Beyond that it gets more annoying with direct debits and fees. I think first direct does 4% on up to 5 grand but needs 2 direct debits.

Santander does 3% (At the moment) on 20k, but has a 5 pound fee per month. Needs two direct debits. Might drop to 2% in near future though.

If you live in Northern Ireland some of the accounts might not be available e.g Tesco Online. (That has 3% and no monthly pay in)

this should help:
http://www.moneysavingexpert.com/banking/compare-best-bank-accounts

Also a little unrelated, but a help to buy might be an okay move even if you don't really intend to buy a house but want to leave options open.

Can get 2.5% on that, but the 25% bonus requires time to build up, so might be worth thinking about.

Interest up to £1000 has no tax if you are a basic rate tax payer so ISAs aren't as good. Also the rates on them are poor <2%.

>>1433746
Why use banks instead of more productive instruments?

>>1433961
instruments?

I just posted this on another thread I got the Santander 123 account with £20k in it (the max amount for interest) costs me £5 a month but I get about £50 interest a month ,if you got bills you can earn cash back on those too

>>1434014
Is it possible to get accounts with bigger amounts of savings where you can gain interest?

I couldn't find any because I got another £25k sitting in a bank doing nothing

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>>1434189
You should set up a business in the US on an E2 visa. You have the money for it

>>1434163
not today.

>>1433958
I'm not OP but this is a good answer.

>>1433746
Baneposters inc.