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Short and medium term savings accounts
elantan
Posts: 21,022 Forumite
Hi all,
Looking for a wee bit of a heads up if you don't mind, currently I have a few savings accounts attached to my current account which I transfer any visa spendings into so that I can pay it off every month and where I put my Tilly tidies into ... I let them mount up to £50 a time then transfer them over to either my cash isa or my s&s Isa or my mortgage ... These account have abysmal interest rates attached to them but its ok as I don't have money sitting in them for long ( they are more a kindve transient account if that makes any sense ?)
I have a s&s isa which I am using to retire early and I have a small cash Isa which I use as an emergency type fund ... I also have my £2.5k in the nationwide as an emergency fund ( I have not yet managed to get a full three months emergency money ... But I am slowly getting there )
However I will need to buy a new car at some point ad we also need to start thinking about house repairs ... With this in mind I am looking for a couple of savings accounts ( so that I can keep the pots separate) where I can add money to as and when I have it ... I don't have the capacity at this stage to commit to any specific monthly payment as a lot of what I currently save is due to working overtime and not my basic ...
Basically I am looking for a medium term savings account where I can save for a new car or maybe a fitted kitchen etc but I'm looking to add to it as and when I can but would like a better rate of interest ( sadly I imagine an inflation beating one is too much to ask for at this time) ... I'm looking for relatively easy access but not too easy ... Maybe 30/60 day notice ?
Can anyone help ?
Sorry that should've Said short an medium term savings accounts not funds ... Must be the sun affecting my brain
Looking for a wee bit of a heads up if you don't mind, currently I have a few savings accounts attached to my current account which I transfer any visa spendings into so that I can pay it off every month and where I put my Tilly tidies into ... I let them mount up to £50 a time then transfer them over to either my cash isa or my s&s Isa or my mortgage ... These account have abysmal interest rates attached to them but its ok as I don't have money sitting in them for long ( they are more a kindve transient account if that makes any sense ?)
I have a s&s isa which I am using to retire early and I have a small cash Isa which I use as an emergency type fund ... I also have my £2.5k in the nationwide as an emergency fund ( I have not yet managed to get a full three months emergency money ... But I am slowly getting there )
However I will need to buy a new car at some point ad we also need to start thinking about house repairs ... With this in mind I am looking for a couple of savings accounts ( so that I can keep the pots separate) where I can add money to as and when I have it ... I don't have the capacity at this stage to commit to any specific monthly payment as a lot of what I currently save is due to working overtime and not my basic ...
Basically I am looking for a medium term savings account where I can save for a new car or maybe a fitted kitchen etc but I'm looking to add to it as and when I can but would like a better rate of interest ( sadly I imagine an inflation beating one is too much to ask for at this time) ... I'm looking for relatively easy access but not too easy ... Maybe 30/60 day notice ?
Can anyone help ?
Sorry that should've Said short an medium term savings accounts not funds ... Must be the sun affecting my brain
0
Comments
-
Have moved this to the budgeting and bank accounts board as it may be more suitable for there
Thanks0 -
How much are we talking about? Best solution is one of the high rate current accounts:
Nationwide
Santander
Lloyds0
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