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  • FIRST POST
    • xxdiddiexx
    • By xxdiddiexx 20th Mar 17, 6:22 PM
    • 315Posts
    • 88Thanks
    xxdiddiexx
    Advice on where to save 1,000 per month
    • #1
    • 20th Mar 17, 6:22 PM
    Advice on where to save 1,000 per month 20th Mar 17 at 6:22 PM
    Hi,

    Can anyone advise on the best place/way to save 1k per month please?

    After making an initial deposit of 1200 into a HTB ISA, I will be saving a further 200 per month into it.

    I want to know where is the best place to save the remaining balance of 800.
    I bank with Halifax, and I am on a mission to save a deposit to buy my own place.
    Any advice greatly received.

    Thank you.
Page 1
    • masonic
    • By masonic 20th Mar 17, 6:28 PM
    • 9,126 Posts
    • 6,273 Thanks
    masonic
    • #2
    • 20th Mar 17, 6:28 PM
    • #2
    • 20th Mar 17, 6:28 PM
    Nationwide 5% regular saver - 500 per month
    First Direct 5% regular saver - 300 per month
    HSBC 5% regular saver - up to 250 per month

    ...presuming you are at least a year away from buying.
    • YorkshireBoy
    • By YorkshireBoy 20th Mar 17, 6:35 PM
    • 29,326 Posts
    • 17,099 Thanks
    YorkshireBoy
    • #3
    • 20th Mar 17, 6:35 PM
    • #3
    • 20th Mar 17, 6:35 PM
    Nationwide 5% regular saver - 500 per month
    First Direct 5% regular saver - 300 per month
    HSBC 5% regular saver - up to 250 per month

    ...presuming you are at least a year away from buying.
    Originally posted by masonic
    No penalty for early withdrawal on the Nationwide product.

    Maybe go all in with Nationwide?...500 in the regular saver and 300 in the FlexDirect*. There isn't room** for all of it, but by the time you reach that point (10 months away) you can see what else is available.

    Nice and easy with one institution?


    * T&Cs apply, most notably 1K monthly funding.
    ** Unless there are two of you, in which case there is room.
    • xxdiddiexx
    • By xxdiddiexx 20th Mar 17, 6:52 PM
    • 315 Posts
    • 88 Thanks
    xxdiddiexx
    • #4
    • 20th Mar 17, 6:52 PM
    • #4
    • 20th Mar 17, 6:52 PM
    Thanks Guys!!

    Edit: I have given myself 18 months to save and move ☺
    Last edited by xxdiddiexx; 20-03-2017 at 6:55 PM. Reason: Added more info
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