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sistafromanothermista
Posts: 2,230 Forumite
Hi all. Hopefully someone can help.
I have 2k that I would like to gain as much interest as possible (will be taking out in Aug next year)
I have looked into ISas and they all mention if you have savings over 3k.
I would like to have easy access just in case we need the money urgently. Can anyone advise the best way to gain maximum interest?
I have 2k that I would like to gain as much interest as possible (will be taking out in Aug next year)
I have looked into ISas and they all mention if you have savings over 3k.
I would like to have easy access just in case we need the money urgently. Can anyone advise the best way to gain maximum interest?
DEBT FREE AND PROUD
'Better to remain silent and be thought a fool than to speak out and remove all doubt'
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Don't use any ISA. You get much better interest in current accounts - e.g 2 x TSB Plus will pay you at least double the interest you would get in any cash ISA.0
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Thanks i'll look into it now.DEBT FREE AND PROUD'Better to remain silent and be thought a fool than to speak out and remove all doubt'0
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It says I would need to put in £500 a month to continue getting that rate...DEBT FREE AND PROUD'Better to remain silent and be thought a fool than to speak out and remove all doubt'0
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Yep, dead easy to do. Open 2 TSB plus accounts, deposit £1,000 into each. Set up a Standing Order for £500 on each of the accounts, on the same day, to swap £500. Sit back and collect your 5% (4% after BR tax) interest.
Cancel the SOs when you no longer have money in the accounts.0 -
Not forgetting to make sure you opt for paperless statements and correspondence.0
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