advice on saving.

markwatson_2

hi,

I'm 24 with no real debt looking to open a new account,one which my girlfriend and i can deposit £15-20 a week into by direct debit (£120-£160 a month) for rental deposits, presents etc. I would like to be able to get two cards 'his and hers'(debit if poss) with instant access. ideally i would like it to be seperate from any account i currently hold, i also dont want to have to worry about moving it every 12 months. does anyone have any suggestions? look forward to hearing from you, mark.

rb10

You're not going to get a good rate on an account with a debit card that you are paying that amount of money in per month. But for instant access accounts with a cashcard an reasonable interest rate, there's the Bank of Scotland IASA (3% at the moment), so you could each have a card to withdraw from a cash machine.

But it's so easy now to transfer from one account to another instantly that you might as well go for the best interest rate, and transfer money to your current account as and when you need it. See http://www.moneysavingexpert.com/savings/savings-accounts-best-interest , but remember interest rates are changing all the time at the moment.

markwatson_2

thanks for the reply!!

i'm not looking to earn much on the savings as we are most likley to be dipping in and out of it. i'm looking for security, ease of access (online shopping, instant access) etc. i'm just getting a bit confused with all of the jargon!! i need an honestperson to say "this is what you need!".