18 month or 1 Year Fixed Rate Savings Account

mllgnc

We are looking to save around £130 per month in a fixed rate account. Would prefer it to be an 18 month term, although these seem to be hard to find so a 1 year term would also be ok.

We want to save for a holiday so needs to be a fixed term otherwise we know we will just dip into it !!

Have spents hours looking online but the fixed rate accounts seem to require an initial deposit of around £500, which we just dont have. We need one that we can open with a minimal amount and then pay in around £130 per month via direct debit or standing order.

Could really do with some advice from the more knowledgeable people on here !

Thanks in advance.

Christine.

Lokolo

Regular Savers should be OK for you.

mllgnc

Regular savers ? Is that with a particular bank ?

le_loup

Have you taken the time to look at the top of this page?

mllgnc

I really dont think theres any need to be rude, I doubt many people "take the time " to look at the top of pages.

I have however taken the time to look up regular savings accounts, and am currently reading through the information. Thank you for the suggestion.

le_loup

I'll take the time to try to help again sometime.

MarkFromCornwall

mllgnc wrote: »

We are looking to save around £130 per month in a fixed rate account. Would prefer it to be an 18 month term, although these seem to be hard to find so a 1 year term would also be ok.

The West Bromwich Building Society Regular Adult Saver paying 4.1% might be suitable.

Mark

mllgnc

Thanks Mark, will have a look.

MoneySaverLog

West Brom and Northern Rock are two good ones paying around 4%. Ok they are losing accounts at the moment, given inflation is at 5%, but the best of a bad bunch for saving regularly.