Best place to put £250 a month

Proietti

Hi

I wonder if anyone could help me.

I have an extra £250 a month (regularly every month) which could be used for savings. Where is the best place to put this?

I have heard talk of ISAs e.g. Natwest which offers 5.00%AER, however, is this better than a regular savers account (e.g. Halifax at 7% AER/gross p.a. or Alliance and Leicester Premier Regular Saver at 10.00% gross p.a./AER fixed for a year)? Or is there somewhere else?

Any advice or guidance gratefully received.

Many thanks

grumbler

Hi

See this recent thread: Alliance&Leicester 10%pa v Tax Free (Isa etc) . Don't hesitate to ask further questions ...

regularsaver1

the difference is that with A&L you have to have a bank account with them, with Halifax you do not. if you bank with A&L i'd take up their offer

Hellfire

Funny enough, I put £250 per month into a Maxi Isa cash component. Whenever I have a little more I put some into the shares component. My savings have increased dramatically over the years in this way.

regularsaver1

me too I do £250 - its crept up to £5500