Saving up for a deposit, anyone want to join me?

Options
jak
jak Posts: 2,027 Forumite
Name Dropper First Post First Anniversary
in Savings & investments
Hiya I'm finally in a position to start saving up for a house deposit! Yay! I did see a thread where people were supporting each other but cant find it! I'm planning to save £500 pcm and I need at least £18500! So far I've got £750 in an isa and £750 in my instant savings for my rental house move coming up in Sept.
I'm also learning to drive and need to save up for a car, so my plan is to put £500 towards the house deposit pcm then anything else can go to the instant savings to cover car/move etc. Can anyone point me towards the savings thread? Or want to join me in this one? J x
2022 Comp total (prizes + free spins): £494.81 #20 £12 a day Jan: £382.95/£372 #57 360 1p challenge: £17.70 £10 a day Feb: £571.09/£280 March: £311.96/£310

Comments

  • ColdIron
    ColdIron Posts: 9,051 Forumite
    First Anniversary Name Dropper Photogenic First Post
    Options
    This could be the one you are looking for

    http://forums.moneysavingexpert.com/showthread.php?t=5122817
  • jak
    jak Posts: 2,027 Forumite
    Name Dropper First Post First Anniversary
    Options
    Brilliant thanks x
    2022 Comp total (prizes + free spins): £494.81 #20 £12 a day Jan: £382.95/£372 #57 360 1p challenge: £17.70 £10 a day Feb: £571.09/£280 March: £311.96/£310
  • jimjames
    jimjames Posts: 17,619 Forumite
    Photogenic Name Dropper First Anniversary First Post
    Options
    With those sorts of amounts and the timescales you've mentioned, a cash ISA is pointless if you want the best return.


    You'll get 5% in current accounts which is way more than those offer. You can also get up to 6% with regular savers for your monthly sums.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • jak
    jak Posts: 2,027 Forumite
    Name Dropper First Post First Anniversary
    Options
    Brilliant thanks. I'll look into it. Can't get a current account at the mo as I'm discharged bankrupt but could do reg saver x
    2022 Comp total (prizes + free spins): £494.81 #20 £12 a day Jan: £382.95/£372 #57 360 1p challenge: £17.70 £10 a day Feb: £571.09/£280 March: £311.96/£310
  • colsten
    colsten Posts: 17,597 Forumite
    First Anniversary Photogenic Name Dropper First Post
    Options
    jak wrote: »
    Brilliant thanks. I'll look into it. Can't get a current account at the mo as I'm discharged bankrupt but could do reg saver x

    Sorry to disappoint you then - 5% and 6% Regular savings accounts all require a current account as a pre-requisite. KRBS offer a standalone 4% Regular Saver which is great if you have access to one of their Branches as it is a Branch only account.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.2K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.3K Work, Benefits & Business
  • 608K Mortgages, Homes & Bills
  • 173.1K Life & Family
  • 247.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards