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Best rate on untouchable savings??
wickedchick
Posts: 1 Newbie
Hi
I'm looking for a savings plan that allows me to set up a regular direct debit of around £100 a month, something with a fairly decent rate of interest and something that I can't get my sticky paws on for about 5 years (and maybe something for 20 years?)! Oh yeah, and something that doesn't get gobbled up by tax would be nice too!!!
Does anyone have any sensible solutions?
Many thanks!
I'm looking for a savings plan that allows me to set up a regular direct debit of around £100 a month, something with a fairly decent rate of interest and something that I can't get my sticky paws on for about 5 years (and maybe something for 20 years?)! Oh yeah, and something that doesn't get gobbled up by tax would be nice too!!!
Does anyone have any sensible solutions?
Many thanks!
0
Comments
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A pension?
An ISA (cash or stocks and shares)?Conjugating the verb 'to be":
-o I am humble -o You are attention seeking -o She is Nadine Dorries0 -
Nationwide have some 1, 2 1nd 3 year Xmas bonds, and e-bonds with a decent rate of interest just now. But you'd have to have a lump sum.
Why not go for an ISA, you get 25% more interest because interest is paid tax free?Survivor of debt, redundancy, endowment scams, share crashes, sky-high inflation, lousy financial advice, and multiple house price booms. Comfortably retired after learning to back my own judgement.
This is not advice - hopefully it's common sense..0 -
Scarborough BS has a regular saver ISA paying 6%, max monthly investment £250I'm a retired employment solicitor. Hopefully some of my comments might be useful, but they are only my opinion and not intended as legal advice.0
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