Untouchable savings?!

moneymabel

Hi,
I will have paid off my debt by october and then will be looking to starting saving. I have an ISA with A&L but i am a bit concerned with my lack of willpower that it is a bit easy to dip into! If i put half my money into that can anyone recommend a savings account without instant access that i could put the other half of my monthly savings (about £100 ) into? Thanks in advance for any help you can give, due to spending most of my life so far paying off debts i have no clue about savings!

JimBlizz

Perhaps consider a cash ISA that requires a notice period. I'm sure the kind folks on here can suggest some good ones :money:

moneymabel

didn't know there was such a thing! (told you i was clueless!) that sounds like a great idea-obviously i cant open another one til april but that gives me time to look into that, if anyone could recommend a good one that would be great. Thanks jimblizz

debbie42

If it's a regular monthly saving that you are likely to be making, you could look into a regular savings account. These often have better rates of interest than a standard account, though have more restrictive terms and conditions. Halifax have just had one paying a nice10%. There may be other similar good deals around come October.

moneymabel

Yes it will be a monthly sum, thats a good idea as well because then i could keep my ISA pay a fixed sum into the regular saver by direct debit and pay any extra i have any month into the ISA.
Thanks very much debbie42 thats brill.

isofa

Have a look at all the accounts listed in the best buy tables at Moneyfacts, some I'm sure will offer a restrictive notice period.

LongTermLurker

Try this thread http://forums.moneysavingexpert.com/showthread.html?t=596727

moneymabel

Thanks for those links you two ,i will go have a look now-cheers

squash3008

It seems as though there is some good advice going on here.....

I turn 60 later this month and will receive between £8-10,000 as a lump sum which i would like to invest/save until I am 65.
Clueless as I am, any suggestions where I make the most of my money would be greatly appreciated. I do not care about access, so untouchable investing would be fine

moneymabel

hi squash- you will get more answers if you repost as a separate thread of your own, more people will read it then and you'll get more personal advice. Hope you get the answers you need as I have.:-)

isofa

squash3008 wrote: »

It seems as though there is some good advice going on here.....
I turn 60 later this month and will receive between £8-10,000 as a lump sum which i would like to invest/save until I am 65.
Clueless as I am, any suggestions where I make the most of my money would be greatly appreciated. I do not care about access, so untouchable investing would be fine

You mean saving, not investing

Any good fixed rate accounts "bonds", 1, 2 and 3 years will be offering 7%+ gross. Look at the fixed rate savings tables at Moneyfacts.