Sometimes choice can be overwhelming. My success at selecting the BAFTA winners was considerably easier given a short-list of 5 in most categories. If only selecting investments and financial planning was quite so straight-forward – today I was even telling one client that there wasn’t even a wrong answer for his situation, which I concede seems rather an odd thing to say. Selecting the better deposit account is also somewhat overwhelming, but hopefully this list will be of assistance in the initial filtering.

Online: Nationwide 3.12%

Bank: Virgin Money 2.85%

Building Society: Nottingham 3.25%

Online: Firstsave 3.60%

Bank: Santander 4.20%

Building Society: Barnsley 5.00%

Online: Firstsave 4.00%

Bank: Clydesdale 3.82%

Building Society: Melton Mowbray 3.51%

Online: AA Savings 3.05%

Bank: Santander 4.00%

Building Society: Newcastle 3.05%

Online: RBS 4.20%

Bank: Clydesdale 4.40%

Building Society: Barnsley 5.00%

Please note that I am not endorsing any of the above. You should do your own search at Moneyfacts. I am particularly concerned about the marketing of the Barnsley account, which is really an investment. You should check protection levels with the FSCS and remember the banking licenses apply to several banks so even spreading money with different banks will be of no assistance if they share the same banking license. I have written about this before in previous blogs, so have a look.

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