Expat - Regular Savings Best Use?

bmouthboyo

Hi all,

I currently work abroad and my wages are paid split between a UK account and local account. I currently have about £16000 in savings in a UK Natwest accoun tand will be saving about £1000 each month for the next 3 years.

Firstly I am aware there may be some restrictions in the applications processes due to not currently living in the UK at the moment, however I would prefer to cross that bridge when I get to it. This is more an enquiry as to how you guys think I could sensibly handle my savings.

I have no debts, no mortgage etc

I looked into ISA's but they seem to have very low interest rates and hardly worth the bother of applying. I do like the look of Santandar's 3% current account but would need to sort 2 direct debits out. Could these be something like magazine subscriptions?

I am not looking to invest etc, and at present do not need immediate access to the money, however in 3 years would need to be able to for a mortgage deposit.

If anyone could give some advice on how best to maximise the savings earnings I would be very grateful.

Cheers