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NS&I Investment Account

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Just got home to a letter telling me my NS&I Investment Account is changing. They are doing away with the passbook and will become a postal only account.

I phoned NS&I to go through my options and find out what way the account wil be changing. They where not very helpful couldn't suggest offer a similar account to what I have. So i've opted to closed the account....

Now the question is where to put my £400 I had in there? I don't want an instant access account but want to add to it and not a set amount each mth.

Any suggestions?
Aspiring to be financially independent.... from my parents!

Comments

  • wazza24
    wazza24 Posts: 229 Forumite
    Part of the Furniture Combo Breaker
    what about an S&S ISA or just a good cash ISA, ?
    Norn Iron Club No:468
    Converted serious saver:D
  • I have an ISA. This was my I have £20 spare I'll stick it in a savings account, account. If that makes sense.....

    Instead of a piggy bank on my shelf I had this.....
    Aspiring to be financially independent.... from my parents!
  • le_loup
    le_loup Posts: 4,047 Forumite
    If you want a similar pass-book account for a small amount with instant access, try any Building Society. It won't pay much but neither did the NS&I account.
  • xylophone
    xylophone Posts: 45,605 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Open an internet savings account and send any spare money through internet banking - some offer an ATM card which you might find useful.
  • That's the thing, I don't want instant access or internet....... That seems to be the way all accounts are going these days....

    I have those already......
    Aspiring to be financially independent.... from my parents!
  • le_loup
    le_loup Posts: 4,047 Forumite
    .......... but thanks anyway!
  • le_loup wrote: »
    .......... but thanks anyway!


    Sorry multi tasking..... Thank you for your suggestions :)
    Aspiring to be financially independent.... from my parents!
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