savings accounts

mummyjonno

Wondering if someone could advise me on savings accounts.

My husband is set to go to afghanistan next month and we want to put X amount of his pay into a savings account until he gets home however we want it so no one can touch it (not wanting to risk it being spent throughout the deployment)

I have looked into some and it seams we can have 12 months (he won't be able to touch it till 3 months after he's home) or one that we can withdraw out of at any time.

Is there any banks/BC/post office accounts ect that you can set your own terms eg how many months that you want it to be untouched as ideally we are looking for 8 months.

Thanks in advance

Hooloovoo

You might get a better response on the savings forum.

There is also advice here for normal savings accounts, and here for fixed rate savings. But as you say, fixed rate accounts are usually multiples of 12 months.

Nationwide have a six month bond here. I don't know if anyone else does six month fixes. I doubt you will be able to get the eight-month limit you are after.

At a risk of getting flamed - can you not just exercise a little will power?

How about a branch based building society account that uses a pass book? You would be able to pay in online but withdrawal would require physically going to the branch.

mummyjonno

lol thank you. No flaming going to happen, my spending is pretty basic while he's away. Just wanted it protected with a possible decent interest rate and to separate it from the usable funds.

Thanks