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Just to throw Monzo into the mix who currently offer 4.58% next day withdrawal if placed in their savings ‘pots’. I use one of these for a similar purpose.
thegreatbelow-
I have monzo so just opened one and I get 4.1%. I think higher rates need a premium account.
Tide seems to be paying 5%
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This is great.
The majority of my pots are medium term savings (pot for Xmas costs, pot for holiday savings, pot for kids birthdays etc)
Chuffed they are now getting 4.58% instead of just sitting in a vanilla pot
frank9755
user16171
Can someone explain if there is any reason why I shouldn’t move my emergency fund (currently c. 4months salary) out of my generic NatWest savings acc where it is instantly accessible but only gets 1.75% and into cash on my trading212 account where they offer 5%? What’s the catch?