Good instant access and fixed bonds

bigbeff

Hi,

I have just come into a bit of money and need to find the best way to deal with it - I know my first step is an isa (as I haven't opened one this year) and then I want some in easy access and the remainder prob 30k just in a good high interest account. Any suggestions? on any of these accounts. I am feeling a bit overwhelmed at the moment!

Thanks

opinions4u

Easy access: www.theaa.com/savings at 2.80%.

Cash ISA: www.halifax.co.uk/savings (somebody posted on these boards that they will have a 2.80% account out in the next week)

Fixed rate / fixed term: Aim for more than 3.50% (2 yr); 4.00% (3 yr) and 4.50% (5 yr).

For alternatives try www.moneyfacts.co.uk/savings

Review your holdings every 6 months or so to ensure value is being maintained.

Cautious_Investor_3

opinions4u wrote: »

For alternatives try www.moneyfacts.co.uk/savings

Review your holdings every 6 months or so to ensure value is being maintained.

Hi

Couldn't agree more about reviewing the instant access rates every 6 months, the fixed rates though will clearly remain constant.

Money Supermarket and Investment Sense also have excellent best buy tables.

The Cautious Investor

hunsbury0

21K in 3 x Lloydstsb vantage a/cs. Put £7k in each a/c to earn 4%.

Cautious_Investor_3

hunsbury0 wrote: »

21K in 3 x Lloydstsb vantage a/cs. Put £7k in each a/c to earn 4%.

Doesn't this account require a regylar payment of £1,000 per month?

Furthermore are Lloyds TSB really likely to allow someone to open 3 separate accounts so they benefit from the higher rate of interest?

The Cautious Investor

Dustykitten

Cautious_Investor wrote: »

Doesn't this account require a regylar payment of £1,000 per month?

Furthermore are Lloyds TSB really likely to allow someone to open 3 separate accounts so they benefit from the higher rate of interest?

The Cautious Investor

Many people have more than 3 although I believe the current limit on new accounts is 3

Funding can simply be Standing Orders circulating the cash through however many accounts you have HTH

Cautious_Investor_3

Dustykitten wrote: »

Many people have more than 3 although I believe the current limit on new accounts is 3

Funding can simply be Standing Orders circulating the cash through however many accounts you have HTH

Surely the aim of these accounts is to incentivise people to have their salaries paid into these accounts? I would have thought it defeats the object of LLoyds TSB to allow people to recycle money.

However, why not take advantage of the ability to recycle if they allow you to do it?

Not sure I'd like to be a Lloyds TSB shareholder reading this though!

The Cautious Investor

G_M

Cautious_Investor wrote: »

Surely the aim of these accounts is to incentivise people to have their salaries paid into these accounts? I would have thought it defeats the object of LLoyds TSB to allow people to recycle money.

However, why not take advantage of the ability to recycle if they allow you to do it?

Not sure I'd like to be a Lloyds TSB shareholder reading this though!

The Cautious Investor

Whatever the aim, it is possible to do. I have 6 accounts with SO moving £1K between them all on the same day each month. Current limit for new applicants is 3 accounts though.

It's no worse than banks offering introductory bonus rates for the 1st year or credit card companies offering 0% transfer rates for 6 months to suck customers in - they rely on inertia/forgetfulness by a significant % of customers who stay after the bonus period and earn peanuts in savings rates or pay through the nose for their cc 'loan'.

The banks exploit their customers through complex terms so this is just a way for customers to exploit the banks via their terms. It's fair game.