savings advice needed please

TornadoTom

Hi, I've finished paying off the car loan :j
now have an extra £250 month burning a hole in my ordinary bank account.
Ive got 2 isa'a maxed out(wife and I)

I need to look at regular savings accounts but cant have anything fixed for 2 or 1 year, I need something flexible but with good rates if possible.
If anyone can recommend something I'd be grateful.
TIA
Tom

ReportInvestor

Yorkshire BS is a good regular saver @ 6.5% variable rate that has no fixed term period and allows one withdrawal pa without affecting the interest rate.

Two withdrawals and you only get 3%.

The other higher rate regular savers don't seem to have the flexibility you say you require.

tom188

Otherwise an easy access account like icesave/icici account paying 5.45% would be good if you need to make more withdrawals.

jamesd

The 8% Lloyds TSB regular saver lets you withdraw an unlimited number of time and vary the regular payment. The 12% A&L one lets you withdraw all the money at any time once by closing the account.

tom188

The 8% Lloyds TSB regular saver lets you withdraw an unlimited number of time and vary the regular payment. The 12% A&L one lets you withdraw all the money at any time once by closing the account.

I dont suggest the AL one because
(a) you cant vary the payments at all
(b) you need to open a premier current account and fund it with £500 per month or you get charged £5. (And this is not the high interest paying premier direct account but the 1.5% paying one).

Lloyds is much more flexible with unlimited withdrawals

Both require you to open a current account

anniecave

The LTSB you can just open a classic current account, pay £1 in and forget about it it though, so you don't need to move your current account banking to them unless you want to of course.......