High monthly interest for mini-cash ISA

nuttye

I hope you can help...

I want to find a method of saving that will pay me (hopefully high) interest monthly... Looking at the information on the website, a mini-cash ISA seems my best saving option right now - but none of the providers mentioned appear to give interest monthly. Many thanks!

baldbloke_2

Hello there. Try http://www.moneyfacts.co.uk/savings/search/start.asp and enter the search criteria you are after - mini-cash ISA + monthly interest. I was surprised at the number of providers who cater for monthly interest on this - although you may need a minimum investment of £1000 for most of them.

Michael_K

On the thisismoney website there's a useful page listing various types of accounts paying monthly interest. The section at the bottom of the page lists Mini Cash ISA accounts that pay monthly.

http://www.thisismoney.co.uk/saving-and-banking/best-savings-rate/article.html?in_article_id=394173&in_page_id=50

ManAtHome

Presumably you'll be drawing the cash out each month - only asked as you'll probably find the overall interest rate is the same whether added monthly or annually.

As for high... highest is around £1 per week interest per thousand invested.

nuttye

I'm actually going to begin saving this week, and will withdraw twice between now and December 2006 - I just want my money to work for me between now and then. But I wouldn't be starting with £1000 - maybe about £50 the maximum! Anyway, I'll have a look at the links that have been suggested for a start - many thanks for the replies.