Advice on savings accounts please

[Tink78]

Hi

As some of you know, we are selling up and will be moving back in with the parents for a while.

We are looking into what to do with the money we make on our house, plus our additional monthly savings that we will be putting away.

Anyone got any advice on some good ways to save?

I am thinking we need to put £3k each into an ISA, and then with the rest of the cash left, plus our monthly savings, we should open an e-savings account as they seem to offer the best interest rates.

Any other ideas or am I on the right track?

Thanks

 

[ely3857]

Hi,

As I work in a bank I am forbidden from giving 'advice' outside the branch premises.....

The only thing wrong with your plan is that you havnt mentioned speaking to anyone at your own bank for advice, they may have some good accounts on offer at the moment and if they dont then the facts should speak for themselves. A higher interest rate isnt always the BEST deal, just ask at your branch, they wont bite!



Jodie

 

[wilma-bride]

Have you thought about a regular saver account, where you put away a certain amount each month for 12 months, then transfer to a lower interest rate account after the 12-mth period.

We have got one with the Halifax, saved £250 mth for 12 months and got just over £350 in interest at the end of the 12 months

 

[natalielongstaff]

i agree with the e-savings account they usually have good interest levels