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best place to save money for less than 1 year 2-5k worth
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masterwilde
Posts: 270 Forumite
Hi all, new to posting here but been following the site for a month or so.
I am trying to plan/budget for my annual trip to las vegas, i currently have 2.5k to deposit somewhere to earn a little interest but everywhere i look it seems be to be you need to keep the money in the account for 1 year whereas i would be withdrawing the funding in may.
Any advice welcome
many thanks
I am trying to plan/budget for my annual trip to las vegas, i currently have 2.5k to deposit somewhere to earn a little interest but everywhere i look it seems be to be you need to keep the money in the account for 1 year whereas i would be withdrawing the funding in may.
Any advice welcome
many thanks
0
Comments
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just to clarify as no replies, i only have basic bank accounts from a bankruptcy years ago and therefore earn no interest in my current accounts, hence the above question.
many thanks in advance0 -
I would say prob a cash ISA would be your best bet.
Either that or drip fead into a regular saver if that will give you a higher interest rate.
I'm not sure if many other accounts will give you better than them over 1 year.0 -
You might get more of a response over on the savings board, but to answer your question I think you'd be best getting an ISA, or have a look at Halifax's new range of savings accountsDebt free and staying that way! :beer:0
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