Savings Account

buzzby · 18 February 2008 at 11:48AM

Hi

I'm looking to open a savings account next month and was looking for some advice on the best ones about.
I want to pu at least £200 a month in by standing order when I get paid at the end of the month.
I also want to be able to have the option of putting more in over the month if I can.
I also would like to be able to make withdrawls from the account if need be.

Any advice appreciated

Chris

Steve_xx · 18 February 2008 at 12:47PM

ICICI Bank with an easy access interest rate of 6.41% AER should do you nicely.

https://www.icicibank.co.uk/hisave.html

I'm assuming that you have already opened an ISA this year and deposited your £3000 allowance? If not, then Alliance & Leicester ISA paying 6.25% tax-free ought to be your fist call.

buzzby · 18 February 2008 at 1:12PM

Hi

Thanks for the reply.
No I dont have an ISA, would it be a good idea to get one. Bearing in mind I need access to it.

Chris

Steve_xx · 18 February 2008 at 1:20PM

Yes it would be a good idea to have one due to the fact that the interest is tax free and there is no tax liability on them. Other (non ISA) accounts show the gross AER and therefore you will have tax deducted at 20% from the interest paid.

Savings Account

Comments

Categories

Get our FREE Weekly email full of deals & guides - and it’s spam-free