regular savings account?

dllive · 10 July 2009 at 7:23AM

My regular savings account with Halifax is due to mature at the end of the month. It's interest rate is 10% (Those were the days!). Ive just been looking at the Best Buy table on this site. I have a couple of questions:
- I already have a Barclays reg saver - can I open another one?
- Lloyds offer 5% but can only save £250pm. Halifax offer 4% but can save £500pm. Excuse my maths, but which would earn the most interest after 12 months?

YorkshireBoy · 10 July 2009 at 7:36AM

dllive wrote: »

- Lloyds offer 5% but can only save £250pm. Halifax offer 4% but can save £500pm. Excuse my maths, but which would earn the most interest after 12 months?

If you only have £500 per month spare £250 in each is the way to go isn't it?

dllive · 10 July 2009 at 8:05AM

Yes, you may have a point there!

Calchas · 10 July 2009 at 9:50AM

dllive wrote: »

Yes, you may have a point there!

:beer: :beer:

cashbackproblems · 10 July 2009 at 11:10AM

I have the max amounts recently opened in HSBC (8%), Barclays (6%) and Abbey (4%) and payments come out a week within pay day so i hardly notice it and i know everything else i can spend during the month/save for holiday spending, plus all accounts allow you to reduce payments (minimum £25) without forfeiting any interest so if your having any bad months its safe.

supersavor · 10 July 2009 at 12:41PM

dllive wrote: »

My regular savings account with Halifax is due to mature at the end of the month. It's interest rate is 10% (Those were the days!). Ive just been looking at the Best Buy table on this site. I have a couple of questions:
- I already have a Barclays reg saver - can I open another one?
- Lloyds offer 5% but can only save £250pm. Halifax offer 4% but can save £500pm. Excuse my maths, but which would earn the most interest after 12 months?

you could wait apparently halifax are launching a new regular saver campaign on th 20th of this month