Monthly Income From Savings

A_Flock_Of_Sheep

I have some money saved and want to put it somewhere I can get a monthly income.

What place(s) would be best.

zarazara

a bank, better than under the mattress I think.

A_Flock_Of_Sheep

zarazara wrote: »

a bank, better than under the mattress I think.

LOL

OK so which one gives the best return for a monthly income?

ses6jwg

most fixed rate bonds will pay interest monthly

Lokolo_2

Theres a tab about "regular savings" just below your thread title! Check out http://www.moneysavingexpert.com/savings/best-regular-savings-accounts

:j

opinions4u

aaronmanz wrote: »

Theres a tab about "regular savings" just below your thread title! Check out http://www.moneysavingexpert.com/savings/best-regular-savings-accounts

Not sure that will give much in the way of monthly income though.

A_Flock_Of_Sheep wrote: »

I have some money saved and want to put it somewhere I can get a monthly income.

What place(s) would be best.

The question is a little vague. You need to help posters narrow it down for you.

- are you prepared to tie the money up? If so, how long for?
- why do you want monthly income?
- would you consider equity products with a higher risk in return for a potentially higher return?
- how much money do you actually have?

Comparison sites like www.moneyfacts.co.uk/savings can help you identify the best buy savings accounts.