Savings

newquay If you don't want to lock your money up for a long time because of all the uncertainty why not put it in an easy access account and drip feed into monthly savings? There are simple ones at around 2.5 - 4% (some only branch based so look at small local societies) and more complex ones like Nationwide where you have to open more than one account and set up standing orders.

Easy access is at 1.5% at Marcuss Savings (part of a bigger bank) and works very well, money really does move instantly in and out.

If you look at various bank accounts in detail it can be worth switching in order to use their account only savings.

Wow Coolgran that is amazing.
I wish I had enough to use one but....

I 've just spend all my ISA money on adapting/extending my home -for 'old age' eventualities - as I was fed up of only getting around 1% interest for years. It really annoys me that prudent savers are been penalised so mortgage and interest rates can be kept low for borrowers.

We’ve used the same financial advisor for many years. Our savings are in a ‘safe’ investment and can be accessed. Even allowing for his fee we are making around 7%.

Premium bonds....my sister has loads and says she’s getting about a 3.5% return. Would try them myself if I had enough money to worry about interest rates.

2.5 sounds pretty good at the moment. Best thing is to probably spread savings around. I personally think that I am past gambling on the stock market as might not have time to recoup losses and I don't want the stress. Premium bonds are safe and who knows you might get lucky. But you might not even get the paltry 2 percent. Guess you pay your money and take your choice.

My savings are in a stocks and shares ISA which I have on the Hargreaves Lansdown platform (there are other providers). I was lucky to find saltydoginvestor.com, a subscription service which has helped me make highly satisfactory returns over the last nine years, well exceeding what I have to pay for it. They believe in active trading of Exchange Traded Funds, and provide masses of raw data plus sample portfolios (they can't give direct investment advice). Although pretty much a complete beginner when I started, I now sit down on a Wednesday evening and confidently decide for myself what to trade. Of course, returns can go down as well as up, but because I am paying attention and trading actively, there's little risk of complete disaster.

Newquay, do you read Savings Champion?

Sadly none at all, I am too old to tie money up for any length of time so I have put half in premium bonds and some in accounts I can get at instantly, paying now just 1%.
If I need or even just want anything now I go for it.
My life is too short.
I feel so sorry for younger savers needing to build up capital, when we were younger we could get 5% and more a year.