saving £2000 monthly over 2 years

kororoczko

Hi,
I am going to save £2000 monthly over the period of 2 years.

In total it will give me ~£50000.

I would like to put this money for savings with small safe percentage.
Which option is the best ? What would you do with this ?

I am not resident in UK so I can not use Cash ISA.
I have got account with 1.25%.

I would like to have an option that I put the money there today like £ 5000 and I can put an additional £2000 monthly over 2 years.

Thanks for you help in advance ! :cool:

atush

What are the interest rates like in your country/currency? Which bank is giving you 1.25% currently?

you will be liminted to accts that will take non resident applications.

xylophone

http://www.money.co.uk/savings-accounts/offshore-instant-access-savings.htm

kororoczko

I am based in England and I am keeping my money in England.
At the moment I have got only account in Lloyds and looking for better option.

innovate

kororoczko wrote: »

I am not resident in UK

kororoczko wrote: »

I am based in England

So you are resident in the UK?

kororoczko

I come from EU country and I am living currently and working in UK however I do not have resident status.

xylophone

http://hmrc.gov.uk/nonresidents/iwtfind_out_my_residence_treatment.shtml

Colin297

What do you work as to be able to save so much?