Hiya.... I have 30k that I'd like to put into a high interest savings account preferably with a monthly interest payable to myself and easy access..

Can anyone advise me as to which is the best provider as I have never saved before and have absolutely no idea?!!

Thanks...any help or advise would be appreciated...

The best savings account is Kaupthing at 6.5% variable. I'd advise retaining a portion of your money in an easy access account, and putting the rest in ISAs and bonds (6.7% possible)

Thanks for your advise.....what exactly is an easy access account?

If i have 30k to put into a savings account can anyone advise of a savings account with high interest where i can receive a monthly amount of money back in interest....towards my living expenses??

An easy access account is one where you can withdraw money without delay or penalties.

The top 3 accounts with monthly interest are Kaupthing and A&L paying 6.5% gross (5.05% net). The A&L rate, however, is only valid for a year.

If you put 30000 with Kaupthing, you would receive 126.15 per month (30K x .0505 divided by 12 months) interest.

You should check out Kaupthing on the MS posts to see what others think of it.

Thanks for your advice you have been extremely helpful and I will look into Kaupthing further X

No problem. Do bear in mind, though, that the account with the best rate is not necessarily the best one. Consider other intangibles like customer service etc. Good luck!

I have £320,000 I would like to invest on an easy access account can anyone advise on the best interest I can expect. I am over 55. I would consider a short term bond.

Best high interest account at 6.5%, best bonds at 6.86% for six months to a year.

http://www.moneysupermarket.com/savings/

Anything over 35k is guaranteed by government guarantee with Northern Rock. They have 1Yr Bond at 6.% gross and 5.70 Monthly. If your worried about the guarantee, They have an Access Bond @ 5.75 Gross Annual which can invest anything from £1 onwards and withdraw at anytime without interest penalties.

First of all I am surprised that you have access to a large sum yet you say you have never saved. Anyway, try ICICI Bank. They have one of the highest rates plus monthly interest payments and easy access etc.

Thanks CS. I`m not sure I know what you mean about being surprised with the amount of capital I have access to. It is currently invested on an instant access but like everybody else I`m always looking for higher rates of interest. I`,m certainly not looking for any form of risk and I`m also naturally rather sceptical of the recent situation with Northern Rock and the current climate with banks seemingly running low on funds. I`d be glad to hear anyones views on this.

I think CS has confused you with the person who started this post.

Apologies. Actually my response was meant for Kittycatx. I am sure anyone haveing some amount of money, especially 30k will have some idea how to invest it usefully. No offence was implied.

As mentioned previously, banks like ICICI, A&L, Kaupthing Singer etc seem to be offering the best rates with easy access at present. I would consider spreading the money to several accounts with different banks to minimise the risk.

Thanks CS , no offence was taken or meant. Appreciate your advice.

Hi CS I haven't saved before and the money I have will be from the equity I've made in my property which is currently under offer, and due to the current housing crisis concerning interest rates I thought it best to rent for a while. Therefore I wanted to find a savings account with high interest to go towards my living expenses....?