advice on saving

millwalll

can anyone give me some advice basically im only young and i want start saving some money ive read about isa and the best saving acounts but what best to do i have a saving account already with tesco so what i need to know is it best to open another high saving acount or just open a isa acoount or open both also who best to go for as i only want to be paying about £30 a month as that all i can afford at the moment with my current job

another thing is does anyone know of any banks in amercia as i may be thinking of saving some moeny overe there so once i get a bit older gives me a option to buy a house over there to rent or live

many thanks

ReportInvestor

Kent Reliance BS mini cash ISA pays 4.96%, is happy to deal with small amounts, and can be operated by post.

I wouldn't go for more than one extra UK account.

A 7% regular saver with the Halifax @ 5.6% net for a basic rate taxpayer gives you a better return but doesn't have the flexibility you would get with KRBS.

millwalll

so you would not open a hisave account and a isa account is it just best to open a isa account if so what the highest intrest one where i can pay £30 in a month to start off with then when i get new job maybe change that to £100

ReportInvestor

I'd just have the ISA account.

Kent Reliance @ 4.96% is the best I can find for your circumstances as you can pay in what you like, when you like and withdraw the money when you like.

The 4.96% comfortably beats inflation, so your savings will be working for you.

Good luck .

millwalll

does suppose i could be a bit lazy do u know the link to the website

grumbler

Have you heard about google?

Kent Reliance home page

See also Starting Saving Martin's guide ...

millwalll

once i open my isa im gonna put all my saving in that but i also have a barclays account and tesco saving account is it best to get rid of these and open a high intrest account and just have my wages paid into that and then direct debt to my isa