What are people doing with their savings these days?
At least some of money should be in an instant access account, or perhaps 7 days at a push. The rest I could lock up for a month or two if required.
I was with Marcus, then Chase, then recently moved to Virgin Money, but their rates have already been beaten by Shawbrook and Atom.
Ideally, I’d like somewhere I can put money that will roughly keep up with leading interest rates. It doesn’t have to be the best all the time, but I could do without the hassle of constantly switching.
I use Monzo easy access interest pots for short term savings tied to specific goals (e.g. pots for predicted annual home insurance, car insurance bills, holiday budget, etc) which I accumulate monthly from my income.
I use Zopa for emergency savings fund. Now that I’ve accumulated what I need, I don’t add to this further. I also siphon a bit from this every month to deposit into a couple of regular saver accounts (for higher interest rates), which I continue to treat as part of my emergency savings pool.