We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
I need a hort term savings account (6 months)
McCalls
Posts: 31 Forumite
Hello
I need a little bit of advice please. I'm hoping to start saving £700 each month,(give or take £100) for a house. I'm wanting to buy next spring so definitely will be withdrawing the full amount for a deposit.
Can anybody recommend an account to me? I currently have a current account and save direct account with the Co-Operative Bank, but their rate of interest is rubbish at 0.78!
Any advice would be gratefully received.
I need a little bit of advice please. I'm hoping to start saving £700 each month,(give or take £100) for a house. I'm wanting to buy next spring so definitely will be withdrawing the full amount for a deposit.
Can anybody recommend an account to me? I currently have a current account and save direct account with the Co-Operative Bank, but their rate of interest is rubbish at 0.78!
Any advice would be gratefully received.
0
Comments
-
You need a top rated instant access account, the best are the internet based accounts paying 6.5%+.
Don't lock the money away in a fixed term account, as you may suddenly want it for a house, and you'd lose interest with an early withdrawal.
Have a look at the best listed here at Moneyfacts.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards