BEST SAVINGS incl Trading212, Barclays & Starling cuts, Raisin £100 bonus, Plum 5.18% ISA and more

[@christophetreboutte2656]

About T212: The cut rate was indeed expected given the latest news about the Bank of England's interest rate cut. It is still a good option out there. Chip is also among the top interest rates for a cash ISA account. For my part, it only pushes me to invest a bit more into stocks rather than relying on non-invested cash. This is why it is important to measure the proportion of your money invested in a cash ISA versus a stocks and shares ISA.

[@traciesmobile683]

There's no reason you can't keep all your money in easy access savings, i.e. immediate and transferring it as needed to relevant accounts. Which with low rates is relatively low allows for earning a little bit extra interest. You just have to be disciplined and move the money. (only savings accounts I am aware of doing standing orders are the Chase ones)

[@tiffenberg]

What is a good stocks & shares ISA to use for kids? Want something where I can select stocks and ETF's, no regular monthly fees and where I can setup a dd or make my own ad-hoc investments. Trading212 would be good, but they don't do accounts for children.

[@finnjohnson4496]

Hargreaves lansdown

[@Joe-lb8qn]

Do you mean a JISA? HL do one with no fees to manage. Not sure about fees for purchasing shares etc. Note one downside with JISAs is you have no control over the money once the child is 18 (and in reality no control once opened because i dont think you can withdraw money from it). SO if the kid decides to buy a lambo (true story apparently) nothing you can do. So perhaps just save some in your own ISA as well, earmarked for them.

[@star6mm]

Hi Andy, which savings account would you recommend for putting the emergency fund I saved this year to grow even more?

[@gorw9542]

Would you put over £85k into t212 cash ISA?

[@TheJVCMan]

It's a good question. They are regulated by the FCA but as you clearly know that only covers your £85k. They have a good business model but given that they are not a traditional finance house i.e. too big to fail, if the worst happened they probably wouldn't get a bail out and you could find your funds at risk.. You have to make your own call on that. Although having that amount in a Cash ISA given the returns on the S&P500 for example seems like you are missing a bigger growth opp. Having that in a Vanguard or something more established carries less risk in my view and returns over time would be better than having it in cash.

[@acmramon]

No

[@pdaniaful]

@@TheJVCMan that's if you have the time to ride the highs and lows of the sm.

[@jak2474]

Deposit of £20,000 per annum cap in cash ISAs

[@Charlie0106]

Do you even understand what an ISA is??

[@steviehunter24581]

My head tends to spin with all these accounts offering top rates etc for my savings. So my question to people is..... Ive just opened an account with Starling for my banking needs but I intend to save atleast £200 per month but dont intend to lift it for many years. Whats the best account to do this? Plum seems to be high on the list however I cant be annoyed moving my savings every year just to get 1% more etc. Thanks in advance for any advice given

[@MB-sp6sp]

For £10k raisin pays £50 not £100. £100 is from £25k if I remember correctly.

[@ThatWave]

Question for you well informed people Is it a better option to go to a currency converter for cash before a holiday (USA in my example) or just have a Chase / Monzo type card and just withdraw the dollars when you get there since there are no withdrawal fees

[@fireat40]

I think you should pay using Chase card to get 1% cashback.

[@zhaoxiaomin8387]

Just use a bank with no fee's, withdraw using the local rate from the ATM. Because if you buy cash from a currency converter they will likely give you a lower rate so they can make commission

[@ThatWave]

@@zhaoxiaomin8387thank you

[@Joe-lb8qn]

@@zhaoxiaomin8387 The bank takes a cut somewhere.I think local ATMs notoriously give terrible rates. I use a WISE card where you can xfer money between different currencies at decent rates with no tx fees. Then use it as a debit card rather than pay cash.

[@carlryall-s8u]

Hi if you need your money out of the trade 212 cash isa,how long does it take to transfer into your other account??

[@bmInvestments01]

3-5 days it says b it ive had mine same day before. You can also transfer the cash to the trading 212 invest account and use the debit card straight away, which also gives cashback.

[@guycocker]

@@bmInvestments01 I withdraw from it regularly, and it's instantaneous.

[@assleepyassayu4619]

I got offered to open a stocks and shares isa with chip to boost my cash isa to 4.84 again, put in 5k just to see how it goes compared to trading 212

[@richardpearson7002]

I keep getting letters from banks saying they are dropping their interest rates 😮

[@turbokiller1999]

Thanks Andy

[@pdaniaful]

Kroo have a 3.65% current account! Forget Starling.

[@markusknight]

Kroo’s app is no match for Starling’s but I guess that’s the price you pay for interest

[@acmramon]

Starling has 4% savings acc😅 so forget that Kroo. I habe Kroo too but their app is not great

[@pdaniaful]

@markusknight I used to have a Starling account, I thought it was boring. Kroo has a good current account interest rate, the best atm. I also like their balance masking feature!

[@RaymondBrown-u6b]

Hi, it would pay if you would announce High Street banks please have a good day