Cash has an important place in an investment strategy, particularly if you are saving for a big life event, such as a wedding or moving house - it’s a reliable and secure way to hold funds for a future event. However, the best interest rates don’t last for long and are often found outside the realm of traditional high street lenders.
Indeed, savers can now earn more than 5% AER on their money if they’re willing to look beyond the rates offered by the high street banks and consider saving with banks and building societies that offer more competitive rates of interest whilst also enjoying FSCS protection on eligible deposits.
Raisin UK is making saving simple
Savings platform Raisin UK was designed to simplify this for savers. The platform is a one-stop shop offering competitive savings accounts from more than 30 banks and building societies. With a single login, you can compare, choose, and open multiple savings accounts.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
This is particularly beneficial when managing savings accounts across different maturity terms. Raisin UK offers fixed rate bonds, easy access accounts, and notice accounts, enabling savers to achieve better returns by depositing savings across a range of products and terms.
Using Raisin UK to open and save into multiple accounts will allow you to boost your returns without any extra admin and offers the opportunity to take advantage of inflation-beating rates on longer-term fixed rate bonds. The account can be managed online or via the app.
Secure a competitive rate for your cash
According to the FCA, the average savings account paid less than 2% AER at the end of October last year. With interest rates at a high not seen for nearly two decades, now is the time to use Raisin UK to wake up your savings and make the most of your money.
What’s more, new customers who register today with Raisin UK will receive £50 cashback if they fund their first savings account with £10,000 or more before 30 April 2024. To receive the offer, new users must enter the bonus code SPRING5024 when they sign up and register using this link.
Raisin UK is authorised and regulated by the Financial Conduct Authority (FRN: 813894), and eligible deposits are FSCS protected.
-
Retirees lose out on £14,000 by not shopping around for best annuity dealPensioners are potentially missing out on thousands of pounds worth of income in retirement by failing to shop around for the best annuity deal. We explain what to do.
-
Zoopla House Price Index: house prices rise in the north, but slide in the southNews The latest report from Zoopla has shown average house price inflation remains down against the year, with the decline particularly centred on southern England.
