Best Notice Savings?

dexters_mum_2

My husband and I have decided to move house in 2008. The type of house we would like are currently around the £135k mark but we envisage them being around the £150k mark when we want to move.

Our house currently has equity of around £15k in it so we would like to match this to either put down a bigger deposit or to have work done realise that hopefully our house will increase in value and thus we have more equity.

Anyway, we want to open a bank account where we can put money in but have to give notice to take it out ideally 30 days or 50 days or we would consider more.

Would be starting with a £1 minimum deposit but woould add to this quite quickly.

Don't mind high street or internet accounts and but either way would like internet access to statements.

Any recommendation appreciated!

KTF

Most no notice accounts have the same rates as notice ones so I would consider them instead. That way if the rate changes and the rate on the product doesnt you can move around quickly.

tom188

If you dont have one already get a cash ISA, NS&I pay 5.55% with instant access.

For regular savings consider the yorkshire building society regular saver, pay in between 20 and 500 a month and one withdrawal a year, rate 6.5%.
Or Lloyds TSB regular saver 8% fixed for 2 years, instant access, LTSB current account required (but not necessarily used).

Otherwise the top payers are currently instant access. Icesave or ICICI paying 5.45% gross.

Notice account dont generally pay better any more.

ReportInvestor

I agree with tom that notice accounts are usually pants.

But the 12 month Regular Savers might suit your requirements.

Ipswich BS Target Saver @ 8.25% min £90pm max £250pm
Britannia BS Regular Saver @ 7.5% min £25pm max £250pm.

Like Tom I quite like the YBS Regular Saver. It continues to pay the rate on the balance saved after 12 months and into 2008 while you are house hunting. It also has a one withdrawal allowed pa with no loss of interest.

Plus maybe a top paying ISA for irregular payments e.g. Kent Reliance BS Direct ISA @ 5.21% before any recent interest rate rise (this has complete flexibility) unlike the more rigid, strict rules of the monthly savers. The NSI ISA mentioned by Tom requires a £1K opening deposit - fine if you have it - and the rate takes into account the recent base rate rise.

cheggers

HSBC has a 8% regular savers account for HSBC customers, worth getting