advice please?

gazza1988

im an 18 year old man, i am not in any debt or anything but i would like to save my money, its currently in a natwest account (ive had it for about 4/5 years, its the one with solo on it) and the interest rate on it is rubbish, so i am asking what would be the best thing to do

im currently working full-time as a electrician earning £4.50 a hour. which is £180 a week (apprentice wage), but the overtime is good, (i do between 50-65 hours a week)

i want to save a small amount each week (£100-ish) for holidays etc.

nearlyrich

You could do a lot worse than reading Martin's Article on saving first here is a link.

You need a high interest savings account that offers you a decent rate from £1, some of the headline rates are for huge sums so read the small print carefully. If you want to change your main current account to one that pays more interest you can find some that offer a bonus for joining, not sure what's on offer at the moment but I bet someone will post the best deals soon.

It's good to hear from someone at 18 with the idea of saving money, hopefully it will prevent you from being a statistic or ending up on the debt free wannabe boards.

gazza1988

does any of the high interest accounts have a minimum monthly limit (i.e. minimum of £50 a month) id be looking at about £200 a month to put in the account.

do you recommend i change my main account, because i would like a account where i can do online banking etc but i am unsure what to look for on these types of accounts.

hope that makes sense

gav