Where should I put my house deposit money next year

jbennett_2

evenasus wrote: »

Nationwide Savings interest rates as of 01/12/2008

http://www.nationwide.co.uk/mediacentre/pdf/savingrates-28112008.pdf

Bonus Saver dropping to 3.35% gross 2.68% net:(

On the positive side it seems to be one of the better interest paying savings account with Nationwide at the moment, but if they drop again next month then I guess I wont get hardly anything OUCH

I don't have any choice at the moment and have to keep it in the account until 31st December when the interest is due, as it's tied into this bonus scheme.

I really need to move my money next year though but was wondering if there is an account I can setup with a fixed rate in advance so i'm prepared and can just dump my money in the new account next year.

Thanks

rb10

jbennett, if you can open a Halifax Web Saver Reward and put £50 in it by 5pm Monday you'll get 5% fixed for a year. http://www.halifax.co.uk/savings/websaverreward.asp . You can then put your N/w money in there in January.

jbennett_2

Thanks for the information.

Do you think this is the best I will be able to get?

I think it's quite good as I have a strong feeling that the interest rates are going to seriously drop very shortly.

Is there any way I can achieve 5% with a monthly paying interest account?

Thanks

p.s. I'm struggling to find any other accounts that guarantee the rate if I sign up before 1st December. I just hope that this will go through as it's the weekend and the bank isn't open now?

evenasus

This is a fixed rate and if it's like the fixed account I opened with them a couple of weeks ago, you can phone them and they will set up the account there and then and give you a sort code and account number straight away.

You can them pop into a BOS or Halifax branch and deposit a cheque.

http://www.bankofscotlandhalifax.co.uk/savings/fixedwebsaver.asp

3 months £500+ 6.25%

6 months £500+ 5.5%

9 months £500+ 6%

1 year £500+ 5.5%


Unfortunately I can't make use of this account, as I'm already over the FSCA guarantee limit with Halifax.:(

rb10

jbennett wrote: »

p.s. I'm struggling to find any other accounts that guarantee the rate if I sign up before 1st December. I just hope that this will go through as it's the weekend and the bank isn't open now?

08456 02 00 00 is there 24 hours. So you can open it at 3am tomorrow morning if you've got nothing better to do

manhattan

evenasus wrote: »

This is a fixed rate and if it's like the fixed account I opened with them a couple of weeks ago, you can phone them and they will set up the account there and then and give you a sort code and account number straight away.

You can them pop into a BOS or Halifax branch and deposit a cheque.

http://www.bankofscotlandhalifax.co.uk/savings/fixedwebsaver.asp

3 months £500+ 6.25%

6 months £500+ 5.5%

9 months £500+ 6%

1 year £500+ 5.5%


(

When i click through the link the rates are different?

Also where is the fixed 9 month account?

evenasus

manhattan wrote: »

When i click through the link the rates are different?

Also where is the fixed 9 month account?

Well, I've just clicked the link and it is still as I stated.

jbennett_2

I just found this http://www.halifax-international.com/savings/regular-saver.asp

Not really sure and it seems that the fixed rate is only available after your first standing order, hmmm

What do you think?

thanks

From their site

The rate on your Regular Saver Account is not fixed until the receipt of your first standing order. Please check to find out the correct interest rate for your account.

evenasus

jbennett wrote: »

I just found this http://www.halifax-international.com/savings/regular-saver.asp

Is this account covered by the FSAC scheme?

jbennett_2

I found this on their website http://www.halifax-international.com/download/legal-regulatory.pdf

But don't really understand it, hmm

I also found this http://forums.moneysavingexpert.com/showthread.html?t=1302909