It’s only the recommend atm as it gives the highest instant access rate.
As the rates are low these days the gap is minimal between say Monzo average and Marcus highest. If you prefer under one roof then you’ll only be losing out on a few quid over a year.
£10,000 Marcus at 1.45 AER = £145
£10,000 Monzo at 1.15 AER = £115
So ten thousand pounds is £30 difference.
Obviously it makes sense to use other products that are fixed and locked away for cash you wouldn’t need access to until the time is up.
Regular savers paying 2.5-3% would be the next easy choice to only lock in for 12 mths. Nothing to stop doing both. Shame the 5% no longer exist.
At a certain point it starts to make sense paying off mortgage but that again depends on circumstances. If you can access the overpayments if you really needed to then it seems a great choice.
Anything going into shares it makes senses to look at as long term investments, and only cash in if you see things are turning sour or you win with a nice multibagger and want a nice or such.
Freetrade and soon Robinhood are worth keeping tabs on and will save wasting a tenner each time you buy/sell like legacy AJ Bell if you don’t mind only having access to specific companies and funds.
Re pensions I have a workplace pension but dubious about the government screwing it up and rather make my own investments that I can manage and access, and have that with the workplace and the state pension.