Saving Account

nomis21

Hi,

Been discharged 6 weeks now and wanting a savings account to put a few hundred pounds away each month (this will need to be flexible).
An account that i cannot get my hands on the money so ideally it would be tied up for 4-5 years
I have read people opening savings accounts after BR, i just like to know any recomendations on which companies might offer me an account and if anyone has opened a savings acc where there money is tied up on a good interest rate?

Any help or advise? Thanks

philnicandamy

http://www.ybs.co.uk/savings/online/internetsaver/index.html YBS internet saver with a link card (meaning you can withdraw cash anywhere)

Sainsburys Internet saver as well although they will ask for proof of discharge...

http://www.sainsburysbank.co.uk/savings/sav_internetsaver_is_skip.shtml?source=NETMSNSHISAVEM010001

and the odd lucky few have been offered a co-op ISA....BUT not a savings account rather weirdly!

tigerfeet2006

A lot of people on here have the Yorkshire Building Society saving account and are very happy with them.

EDA: Phil got there before me and with useful links

So_Sad_Angel

Hi....I would think an ISA would be a good idea....better rates usually with tax free benefits if you don`t draw it out.

Not sure of banks/building societies that are ex BR friendly though....I imagine Barclays or Coop may be worth a go?



edit....Tiger & Phil beat me too it....as usual ...think I need a typing course!!

philnicandamy

would give the co-op a try for ISA they do seem to give those to discharged BRs although NOT savings accounts though as I said,,,

nomis21

I was looking at this account with the YBS not sure if i would be accpeted?
http://www.ybs.co.uk/savings/online/ebond/index.html?int_cmp=sav_online_lcol1_ebond_jun09
Would this be a good account to save money?
Basically a novice when it comes to saving accounts so if anyone is willing to give advise and extend my knowledge of them it will be appreciated...!

Oh and thanks for the replies

philnicandamy

Give em a try......worse they can say is NO

lisamummytoarchieplusbump

i got offered a savings accound by the co op last week. i said im bankrupt they said its fine but then remembed im discharged and they said its still fine

dont know whever she was trying to sell me it then once ive jumped through all the hoops tell me i havent been accepted

philnicandamy

sadly Lisa (hello by the way!!) they said exactly the same to me...BUT when I asked for an account upgrade & a promised savings acc they said T&C's had changed & i'd only be allowed these things in 6rs when the BR drops off files...

lisamummytoarchieplusbump

hi phil

i did think that, but im quite happy with my £10 (well £9 cash as £1 needed to keep account open lol) ive saved in my yorkshire savings since i opened it months ago:o



* note to self really need to start putting money in there, christmas is coming*

nomis21

Just phoned YBS, there advisor said i would be eligable for the internet savings account as iam discharged. But going to surf a little to see what else is out there more suitable to my needs.
Looking for an account that i can pay a monthly sum into and cant get my hands on the money for 4-5 years with a decent APR.