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Advice on £50k to save - instant access req

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Comments

  • Pianist
    Pianist Posts: 7 Forumite
    Ninth Anniversary Combo Breaker First Post
    Sorry, yes, indeed it is £500 a month, not £750 - my mistake.
    ColdIron wrote: »
    That'll be £500 per month and pay a fee of £2 each
  • mrs_T
    mrs_T Posts: 1,017 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    I'm in a similar position and thinking of taking a flutter on premium bonds for 6 months (max £30k holding per person), with interest rates so low there's not much to lose.
  • talexuser
    talexuser Posts: 3,549 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    talexuser wrote: »
    Which instant access accounts give these rates now?

    .....none?
  • ColdIron
    ColdIron Posts: 10,143 Forumite
    Part of the Furniture 10,000 Posts Hung up my suit! Name Dropper
    mrs_T wrote: »
    I'm in a similar position and thinking of taking a flutter on premium bonds for 6 months (max £30k holding per person), with interest rates so low there's not much to lose.
    Be aware you'll not be in the draw until the month after you purchase them so you'll only get 5 of 6 months with cuts the 'interest rate' by 17%
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