Abbey Fixed Rate Regular Saver

cheersthanksbye

After reading Martin's article on savings accounts:

http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1092602115,12117,

I want to get up and running with the Abbey Fixed Rate Regular Saver account. After visiting's Abbey's site, I cannot find this account??? Is it me just being blind, or has this account ceased to be offered?

Cheers.

Fatboy_NSS

It is still available! The link is http://www.abbey.com/future/savings/putaside/putaside_month_sav_apply.html

mantis_2

I have an abbey postal isa, you can save however much and whenevr you want and it is 5% tax free however there is a limit of £3,000 that can be invested (before march 2005).

CurryKing_2

I have an abbey postal isa, you can save however much and whenevr you want and it is 5% tax free however there is a limit of £3,000 that can be invested (before march 2005).

er.... if the limit is £3k then you cant save however much you want. You can only save upto £3k tax free

Neil

pookie

dear ctb,
thoroughly recommend both the postal isa (yes, £3000 limit) and the regular saver, if you can manage both. they're easy to set up via the website or if you pop into any branch (smiley helpful staff). currently great rates and don't seem to mess about as much as halifax

mantis_2

sorry i wasn't clear enough the £3k limit takes effect in march 2005.

Mowgli_3

I currently have a flexible mortgage with Virgin One account. I am paying 5.95% interest and can access money at any time.

Would drip feeding a regualr amount into a 7% savings account give me a net profit as a standard tax payer? Or a profit worth the effort?

I aasume I would have to pay tax on the 7% and I am not sure I would be left with a net gain?

Appricate any help. Chris.

cloud_dog

sorry i wasn't clear enough the £3k limit takes effect in march 2005.

Sorry Mantis but, there's always been a £3k limit for cash ISA's per financial year. In fact this will drop to £1k (not sure if this starts in the 05 or 06 financial year).

cloud_dog

Leia_Stephens

this will drop to £1k (not sure if this starts in the 05 or 06 financial year).

cloud_dog

cloud_dog,

I think the cash mini-ISA limit drops to 1k in April 2006 .

Leia

Fatboy_NSS

Would drip feeding a regualr amount into a 7% savings account give me a net profit as a standard tax payer? Or a profit worth the effort?

Short answer: No. 7% gross works out to 5.6% net, so you'd make a loss of 0.35%.

deemy2004

Sorry Mantis but, there's always been a £3k limit for cash ISA's per financial year.  In fact this will drop to £1k (not sure if this starts in the 05 or 06 financial year).

cloud_dog

Oops hope Mantis has not blown his ISA limit