Joint Savings account monthly interest account advice

jbennett_2

Hi,
In need of some advice with joint savings account money and would appreciate any ideas from your clever money saving people :-)

I've currently got £16,745 sitting in a joint account (Bonus saver with Nationwide) with my partner and i'm wondering if anyone has any ideas where I could put this money as I was paid the bonus and interest on 31st December 2008 so i'm not tied to the account any longer.

I plan to put the whole lump in an account that pays monthly interest (purely as this makes us feel more motivated). We will also be saving roughly £1,100 a month for the next 12 months in this account with the hope of getting to 30k by December 2009. Not really worried whether it's a joint or personal account neither unless one pays better than the other.

I know i've left it a bit late to get a good fixed rate account but I want to try and atleast gather a few pennies in interest before the country sinks to new lows (I know i'm optimistic haha).

Thanks :-)

p.s. i've already got a halifax account that I signed up for a few weeks ago as it was offering a £50 opening bonus to use it as my current account so I would presume if they offer the best deals at the moment then it will be quicker to open an account.

anselld

Are you tax payers? Have you used your ISA allowances yet?