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Regular saver with no access
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llh189
Posts: 533 Forumite
I am looking to set up a regular savings account, only about £50 per month.
I do not intend to touch this money - in approximately 25 I will need to pay off a government funded equity loan I have taken as a deposit to fund my house purchase.
I do not want to reach this without having some capital I can access.
The likelihood is that I actually won't have the property in 25 years time and that I will have sold it and paid back the loan but just in case I haven't I would like to start saving.
I realise the amount is fairly minimal but at the moment it is all that I can afford.
Any thoughts?
I do not intend to touch this money - in approximately 25 I will need to pay off a government funded equity loan I have taken as a deposit to fund my house purchase.
I do not want to reach this without having some capital I can access.
The likelihood is that I actually won't have the property in 25 years time and that I will have sold it and paid back the loan but just in case I haven't I would like to start saving.
I realise the amount is fairly minimal but at the moment it is all that I can afford.
Any thoughts?
0
Comments
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Try britannia bs or yorkshire bs - both offer long term regular savers:
http://www.britannia.co.uk/home/_site/channels/savings/regular-savings/regular-saver/index.html
http://ybs.co.uk/savings/regular/regular_saver/index.html0 -
Barclays have a 6% regular saver account, allows monthly deposits of up to £250. Check their website (I cannot post the link).
Hope that helps.0 -
8 % with hsbc if you open a current account advance?Mortgage Start jun 2007 £88500 Outstanding Balance £51000
Overpayments 2007 Nil 2008 £1040 2009 £7853 2010 £10000 2011 aiming for £18000 (6k so far)
The Early Bird Gets the Worm, but the Second Mouse Gets the Cheese!!0
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