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Maximise my savings! :-)

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  • daleuk_3
    daleuk_3 Posts: 299 Forumite
    edited 4 September 2009 at 3:10PM
    Hey guys,
    I just thought id let you know how im doing.. 6 months in..

    36 Month £30k Savings Plan!
    GOAL £30,000
    TOTAL SAVED £ 7,838
    REMAINING £22,162
    MTHS GONE 6
    MTHS REMAINING 30
    AVG. PER MONTH SO FAR £1306
    PER MONTH REMAINING £ 739
    APROX. INTEREST £ 1,408 (based on avg. interest of 3%)

    The products I currently use are:

    Barclays Golden Cash ISA - currently a low 2.55% - tax free + 1% bonus for 1 year = 3.55% - 6 months remaining of bonus.
    Barclays Monthly Saver - 4.67% NET - £250pcm
    Halifax Reg Saver - 4% NET - £300pcm
    NPBS Family Reg Saver - 4.8% NET - £250pcm
    Egg Savings - 2.6% NET - £80pcm

    Iv managed to save alot more than expected per month, as I got a tax rebate etc. £30k is still my aim, if I finish early great, but any additional will be used for holidays etc. :-)

    I try to keep a little in an instant access just in case I need some. Thats why I have the Egg.

    Its great news that the ISA limit has risen.. so I will consider a transfer closer to the new tax year as it is currently full for this one.

    Id love to put some money into something that could return a much high rate.. I dont mind a higher risk. Any recommendations?
  • any comments?
  • david78
    david78 Posts: 1,654 Forumite
    Corporate Bond Fund in a Stocks and shares ISA?
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Check Egg you should be getting 3.25% now.

    http://new.egg.com/visitor/0,,3_94368--View_2081,00.html
  • daleuk_3
    daleuk_3 Posts: 299 Forumite
    Check Egg you should be getting 3.25% now.

    http://new.egg.com/visitor/0,,3_94368--View_2081,00.html


    This is 2.6% NET (after tax)
  • ING also doing 3.2% now fixed for a year.

    I'm subscribing to this thread - some fab ideas that I need to take up soon!
    Starting Debt: ~£20,000 01/01/2009. DFD: 20/11/2009 :j
    Do something amazing. GIVE BLOOD.
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    daleuk wrote: »
    This is 2.6% NET (after tax)
    Sorry missed the NET.
  • ING also doing 3.2% now fixed for a year.

    I'm subscribing to this thread - some fab ideas that I need to take up soon!


    Good to hear... oh no this month has been a bad one for me. Firstly I spent quite a bit on a new slr camera! ops! gotta treat yourself every so often! secondly iv been hit on my bank account with £900 fraud! doh! hopefully I should get this back.
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