High Interest Savings Account High Interest Accounts Bankrate Bankrate UK High Interest Savings Account High Interest Accounts Bankrate

current accounts., even beyond those available from high interest savings accounts, as you can continue to access your money freely. Nevertheless, to get a high-interest account that will work as hard as possible for you, there are a number of things you’ll need to consider., you should focus on getting the highest possible return. It may be that a higher interest rate on a smaller proportion of your balance delivers a better return than a lower interest rate on its entirety – so have your calculator handy. again after that period elapses., it’s a good idea to check the account’s overdraft charges. Some accounts offer a buffer amount, where you can go overdrawn without incurring any charges whatsoever. Once that amount is exceeded, you can be charged a daily rate, a fixed monthly charge, and/or an EAR (Equivalent Annual interest Rate) which is calculated as a percentage of the amount you are overdrawn., or switching your mortgage provider, this could be a clincher – though always compare mortgage products across the board to ensure you’re getting the best deal. on the other hand offer no such guarantees: they might return the generous interest rates they forecast, or they might not. They may return all of your initial deposit, but they might not. You could be left very out of pocket, and because these products fall into a regulatory grey area, there is no simple way to assess them and make informed investment decisions. In many respects, peer-to-peer products are little more than a long-term gamble. once the preferential rate has ended. offering a better rate. regularly, then a current account offering a free overdraft (up to a specified amount) may be more suitable for you. option, and they are covered by the seven-day switching guarantee, so it couldn’t be easier.