What is the best saving method for me? Saving for weddin

donnadoo515

Hi i need advise.

Myself and my DP have 2 years to save for our wedding but not sure of the best 'type' of account to go for or what best method.

It is likely that for the remainder of this year and best part of next year we wil not need to take anything out of the savings account (apart from a £500 deposit in a couple of months).

However after June next year we may need to start paying for things so don't want to get stung for charges and miss out on interest payments because we are taking our money out.

Unsure as to how much we are going to be putting in the account at the moment (pretty much every penny we can really)

Any advise on the best saving journey for us would be much appreciated

Thanks In Advance :-)

Donna.x

Paul_Herring

Up to £7200 (£3600 each) per tax year; use an ISA.

After that, a high interest savings account.

On withdrawing, remove from the ISA last

natman

Paul_Herring wrote: »

Up to £7200 (£3600 each) per tax year; use an ISA.

After that, a high interest savings account.

On withdrawing, remove from the ISA last

Yeah I would Agree -
Easy access Isa - Have a look at this thread for the updates of best Isa, look for around 6% tax free
http://forums.moneysavingexpert.com/showthread.html?t=401374

High interest accounts - ICICI or Kaupthing
Good luck

jimmy111

natman wrote: »

Yeah I would Agree -
Easy access Isa - Have a look at this thread for the updates of best Isa, look for around 6% tax free
http://forums.moneysavingexpert.com/showthread.html?t=401374

High interest accounts - ICICI or Kaupthing
Good luck

I'd steer well clear of ICICI. My experiences with them indicates to me that their IT and "customer service" delivery are very poor. It's not worth the hassle for a marginally better rate compared with their close competitors. I'll certainly not put any more of my money their way!