We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Saving for Holiday
funkmaster_2
Posts: 139 Forumite
I want to save for a holiday in 18 months time. I am thinking of, say, £150 a month.
Any recommendations or is the amount so low that it won't really matter?
Any recommendations or is the amount so low that it won't really matter?
0
Comments
-
If you can keep to 150 a month for 12 months, Abbey or halifax still have their 7% fixed rate/regular savers going. Max. is £500/month for Abbey and £250/month for halifax. Minimums are around £20/month I think.0
-
I think given the amount (£150 per month), the regular saver account may be overkill, as you'll need to ensure that it is funded regularly, and any surplus, if available, is earning close to 5% in another high-paying savings account. A relatively hassle-free option might be an egg savings account at 5.5% for the first six months at least.It's always the grass that suffers, irrespective of whether the elephants are fighting or making love !!!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards