Short term savings

[RizzoTheRat]

Thinking of moving house in the next year or two, so don't want to tie my money up in anything long term, however interest rates are obviously very low at the moment, and I'm wondering if anyone has any ideas for short term or easy access accounts that can beat Santander's 3% for the first £20k? I can't even find an ISA that'll beat that after I've paid tax on it!

[Condi]

Surely you dont pay tax on an ISA?

Stocks and shares can be high risk, high reward if you want them to be.

[bugmenot]

With Lloyds Bank/Bank of Scotland/TSB you can add Vantage/Enhance and earn up to 3% on £15,000 at each bank. Each of those 3 banks pay interest of balances of up to £5000. But they each let you have 3 accounts and you will have to cycle money around.

The Halifax Reward Account pays £5 per month - you need direct debits and have to pay in £750 per month - but there's nothing stopping you from taking that £750 straight back out and into your normal bank account.

Clydesdale Bank and Yorkshire bank are paying 4% interest on balances up to £3000 up until March 2015 with their Current Account Direct accounts.

The Nationwide FlexDirect account is paying 5% interest on balances up to £2500 for 12 months from when the account is opened.

[RizzoTheRat]

Cheers Bugmenot, A few there I'd no seen, I'll take a look.

Condi, I meant 3% in a bank account I'm paying tax on still works out better than I can find in an ISA

[harveys]

You're allowed two Santander 123 current accounts...

[RizzoTheRat]

Yeah, current plan is to get the wife to open a 123 as she's in a lower tax bracket, but there a couple of options above that give better interest, but only on smaller amounts.