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Increasing my savings...

Hello,

I currently have £23k. I have £20k in a fixed ISA until next year and the remaining in current and savings accounts.

I am currently saving for a house. I know I have more than a decent deposit however would like to double the above. My two savings accounts pay around 1% and I tend to half my wage (£500+) and pay them into them.

My question to you knowledgeable (:D) people is what advice do you have in order for me to increase my savings? I have been looking at these regular savers however they would only allow me to save a limited amount.

Thanks.

Comments

  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    You can put about £1,200 a month into 4 and 6% regular savings accounts. How much is it you want to save in what period? Why do you have savings in a 1% account? What does your credit history look like, can you easily get current accounts? Did you read this?
  • Jackjack21
    Jackjack21 Posts: 96 Forumite
    Thank you for your reply.

    I am currently looking into a regular savings account. I currently have £23k So would like to save another £20k.

    The reason I have these two 1% savings accounts is because I cannot find any others which are easy access and give that amount of interest.

    I have never took out a loan or anything but when I checked my credit score It stated that it was "Good". I am currently looking at a credit card in order to keep/improve this score for the future.
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    So did you read this?
  • xylophone
    xylophone Posts: 45,701 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
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