best rate for savers

[crisgal]

can anyone recommend a good bank or building society account for investing a lump sum? So that a monthly income is drawn from it. The money is currently in the halifax, but the interest rate is not so good. thanks

[Buenchico]

Many BBC consumer programmes recommend Martin Lewis's website for impartial advice on financial matters:
http://www.moneysavingexpert.com/savings

The current 'best buys' on this site seem to be ICICI (internet-based) HiSave Account offering 5.15% and the Newcastle Building Society (High Street-based) NewcasleNet Account giving 4.85%.

Chris

[khana]

Try the Alliance & Leicester. They offer 10% on regular savings of �10 to �250 monthly fixed for a year.

[khana]

Sorry, just re-read your question and you mention a lump sum, not one for regular savings.
Try http://www.moneyfacts.co.uk/ they compare lots of UK Bank savings rates.

[malton]

you should put �3,000 into a mini cash isa which is tax free