What shall I do with my cash?

regularsaver1

Nah they will probabaly just do it - but the websaver is not bad for instant access, seeing as you are looking to do that later anyway.

Branch would be best because you would then sign i suppose

gelato_cat

Hmmm... not sure I agree with you there. The difference between interest at 4.75% and at 5.00% over a year on that amount is about £150! If I can move my money with very little effort to get a better rate I might as well...

Suze

regularsaver1 wrote:

Nah they will probabaly just do it - but the websaver is not bad for instant access, seeing as you are looking to do that later anyway.

Branch would be best because you would then sign i suppose

regularsaver1

Yeah true - where di you say 5% instant access? Birmingham Midshires? - how do you operate it?

I know the monthly saver you have at the moment pays 5% but only one withdrawal

gelato_cat

Other posters in this thread kindly recommended it to me - I'd personally operate it via the web, not sure if phone access is available also.

Suze

regularsaver1 wrote:

Yeah true - where di you say 5% instant access? Birmingham Midshires? - how do you operate it?

I know the monthly saver you have at the moment pays 5% but only one withdrawal

johnofhertford

If you are a higher rate taxpayer then you might also like to consider putting some of your savings into premium bonds. Your capital is secure so the only risk is that you don't win enough prizes to keep pace with inflation or with the best deposit accounts, but the more you invest the more the law of averages will give you a decent chance of a reasonable return, and whatever you get is tax free.

If you're a basic rate taxpayer then it makes less sense.

More information from the National Savings website.

gelato_cat

Thanks - will check them out!

Suze

johnofhertford wrote:

If you are a higher rate taxpayer then you might also like to consider putting some of your savings into premium bonds. Your capital is secure so the only risk is that you don't win enough prizes to keep pace with inflation or with the best deposit accounts, but the more you invest the more the law of averages will give you a decent chance of a reasonable return, and whatever you get is tax free.

If you're a basic rate taxpayer then it makes less sense.

More information from the National Savings website.