what next?

littleD

Hi there, I'm starting to look around for the best way forward with our money, it takes me ages to work out the best thing to and I'm never totally sure I've got it right!

We have joint 12k in 6.4% fixed rate account which is due to end in March/April 2009.

Both of us have current years ISA fixed at 6.25% (obviously ending April 2009)

Could put up around £300 per month into another savings account.

some ideas of where to go next would be a great help as I'll need to start looking at some decent accounts to transfer/open to, don't mind fixed rates or limited access etc. thanks in anticipation.

missile

In a similar position myself. I looked looked and looked again. Do not want to invest in any overseas bank. Heard horor stories about Tesco, AA, SAGA, BM etc. I can't be bothered with the hassle of dealing with several providers for ~ 0.005% extra interest and decided to go for a (hopefully?) more reliable easy to deal with company. Signed up to transfer my current account from NW to HBOS for 2.5% interest on my cash and moved my ISAs to there for 5.0% fixed for 1 year and bond @ 5.83% fixed for 3 months and £500/month regular saver @ 7.00%.

Just my thoughts and as I said you could get better rates elsewhere.

fullstop

littleD wrote: »

Hi there, I'm starting to look around for the best way forward with our money, it takes me ages to work out the best thing to and I'm never totally sure I've got it right!

We have joint 12k in 6.4% fixed rate account which is due to end in March/April 2009.

Both of us have current years ISA fixed at 6.25% (obviously ending April 2009)

Could put up around £300 per month into another savings account.

some ideas of where to go next would be a great help as I'll need to start looking at some decent accounts to transfer/open to, don't mind fixed rates or limited access etc. thanks in anticipation.

You can have a look at The Principality BS Regular Saver account paying 7% gross 5.6% net fixed rate, deposits of £20- 500 per month., lasts for 1 year.

home_alone

After much careful thought I suggest we all club together buy an island in the Caribbean and go and live there.

gary

Newly_retired

Good idea, Gary. Meanwhile, I too am looking for a decent fixed rate but allowing further deposits/withdrawals, ready for when my fixed term and fixed rates in excess of 6% run out in the spring and after that. Specific suggestions welcome.

fullstop

Newly_retired wrote: »

Good idea, Gary. Meanwhile, I too am looking for a decent fixed rate but allowing further deposits/withdrawals, ready for when my fixed term and fixed rates in excess of 6% run out in the spring and after that. Specific suggestions welcome.

Just after spring but Standard Life have a fixed rate savings bond maturing on 11/8/09 paying 5.25%, applied for one myself yesterday ,before the interest rate decision today.

cottager

Newly_retired wrote: »

I too am looking for a decent fixed rate but allowing further deposits/withdrawals, ready for when my fixed term and fixed rates in excess of 6% run out in the spring and after that. Specific suggestions welcome.

This one any use?

Principality 6-month Bond Issue 115, launched today.
Min £1000, 5.76% gross on maturity.
Additional deposits allowed while still on sale.
http://www.principality.co.uk/default.aspx?page=1030

Moneyfacts assessment: https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=179090

fullstop, are we now regretting that SL one?