How to get the best returns for my savings?

Gambler

EagerLearner wrote: »

I would keep the bulk of the cash in IceSave @5.7%, then bring down £750 a month into your current account to cover the 3 x standing orders for the regular savers?

Of course in April you can also lump £3k into another ISA, or your existing one if you choose to continue topping that one up.

HTH

Can this be done automatically from IceSave though? I want something automatic or otherwise could forget or not get the time to do a manual transfer every month.

EagerLearner

Yes - you can set up transactions to happen on the savings account to your current account once, weekly, monthly and annually on the IceSave account.

sallycanwait

Thanks for all your replies! Lots of food for thought...

So - after lots of research here's the plan:

£3000 in existing 2006/7 ISA@ 5.40%
£3000 into NS&I ISA @ 5.80%
£3000 into A&L 3 Yr Bond @ 9.00%
£250 per month into A&L High Interest account @ 10% until expiry in June
£250 per month into Lloyds TSB Monthly Saver @ 8.00%
Any other savings over the month/year into HSBC Online Saver @ 5.75%

I already have current accounts with HSBC and A&L and can set the joint account up with Lloyds TSB

Its sooo complicated having money!

Does this seem sensible to seasoned savers?

EagerLearner

Hoooooold... Martin has announced a special 6.5% ISA coming out any minute... keep your ears to the ground people

EagerLearner

New info about the great 6.5% ISA here:

http://forums.moneysavingexpert.com/showthread.html?p=4603683#post4603683

Barclays here we come!

sallycanwait

Oooh thanks for the link - my dad is obviously signed up too as he mentioned it as well. So Barclays here we come!