Where do you currently put your savings?

Financial Chat
1

Where do you currently put your savings?

2

Nationwide for emergency fund in their 5% flex direct account
Vanguard ISA for long term savings
Freetrade for a very small proportion
I collect all my change in a piggy bank

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3

ā€¢Marcus
ā€¢First direct: regular saver
ā€¢Help to buy Virgin
ā€¢Monzo saving pots (short term)

4

Under the mattress usually

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5

Emergency cash in Marcus
Then the rest in Freetrade.

6

Long term in Marcus
Short term for yearly expenses/emergency fund nationwide instant access
Investments in a Vanguard stocks and shares ISA

Iā€™m pretty happy with this setup at the moment

7

Short term in my current account (Starling).
Medium term in instant access savings accounts (Marcus & Synergy)
Long term invested in shares (iWeb & Vanguard)

8

Long term in Barclays offset - against mortgage. Monzo isa and holiday pot.

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Mineā€™s in a Monzo isa. Iā€™ve only just discovered Monzo and Iā€™ve been getting 0% for years with Santander so Iā€™m pretty happy with what Iā€™m getting.

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10

All savings in Marcus, spending money in Monzo. Thatā€™s it!

Looks like I should check out Freetradeā€¦

11

Main savings - Marcus
Smaller part of savings - Santander eSaver
Bonds with Dozens
A ā€˜Savingsā€™ pot in Monzo with my emergency funds (this is so I try not to touch the main savings)

Day to day spending is all in Monzo

12

A mixture:

  1. Monthly spend in Monzo
  2. Short term savings (covers major events like boiler needing replacing, if I was layed off, etc.)
    2.a. Marcus
    2.b. Some short term savings in First Direct Regular Saver (5%)
    2.c. I do also have a savings roundup pot in Monzo, but this is relatively small and as it becomes large I will likely move to Marcus or one of the other longer term accounts.
  3. Long term savings (if I move house, or unemployed for any length of time etc.) Coventry 5 year cash ISA (2.1%)
  4. Long term investments
    4.a. iWeb Stocks & Shares ISA (mainly with Vanguard life strategy)
    4.b P2P (Assetz Capital, Ratesetter, Lending Works, Kufflink). About 15% of overall long term investments. Currently reducing percentage due to becoming increasingly uncomfortable with the risk.
    4.c Freetrade, although not really decided how I will use this yet.
  5. Pensions ā€¦
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13

Savings are in Monzo with Charter, instant savings account.

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I donā€™t believe itā€™s instant.

15

Thatā€™s a good point. Iā€™m not sure what to call the Monzo saving accounts

They definitely arenā€™t fixed term but they are not instant (only referring to the oneā€™s that next working day)

16

Easy access

17

Down the pub. In the Monzo interest savings thing.

I read here people saying the savings arenā€™t instant and are the next day. Quite a few are like that? I had a post office instant access saver years ago but it was run by the bank of Ireland and withdrawals to a bank would usually take 2 or 3 working days.

It would only be ā€œinstantā€ if the savings account was run by the bank in question and we all know the main banks donā€™t like giving interest (0.5% on my Santander account, 0.005% on my late mums HSBC) so I guess 1.15% is fine and the transfer time is acceptable.

18

I have a few different locationsā€¦
Nationwides 5%
I have a Monzo ISA
I also have stock and shares ISAā€¦
The rest just goes into a low interest ieasy access in Monzo for monthly use.

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Yes my bad, next working day or whatever.

20

All our savings are in a Monzo easy access pots, but before we bought our house (when we had more savings) they were spread around Marcus, FD regular savers, Tesco and a few others, but mostly in Marcus.

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