Interest Rates

[cassa333]

Interest rates are going down at the moment and I've been trying to find the best rates.

However when I look online it's with banks and companies I've never heard of before.

How do you know if they are legitimate or not?

[237SJ]

Have  a look at thisismoney.co.uk (part of the daily mail)  They have savings rates tables and I have always found them to be ok

[gingejbee]

You could try Wednesday's Daily Mail (every Weds)...a large Money Mail pull-out has all the latest rates from trustworthy companies.

[Toorak]

Check whether they are covered by the Finsncial Services Compensation Scheme

https://www.fscs.org.uk

 

[barry1010]

Pop the name in the box to be sure you will be covered if something goes wrong

https://www.fscs.org.uk/check/check-your-money-is-protected/

[barry1010]

I have a couple of accounts with OakNorth, check their rates see if there is anything that appeals.

I'd never heard of them but the customer service is top notch

[cassa333]

Thank you.

The Daily Mail seems to be the order of the day.

[barry1010]

I always trust the Money Saving Experts.  Check their top rates here

https://www.moneysavingexpert.com/banking/

[Hopkirk]

Just go for NS&I.

Rates not too bad (direct saver is 4% at the moment) and you dispense with the worry.