Best place to save £700 per month house deposit.

concrete_kid

I'll soon be saving for a house deposit, but am unsure of the best place to save it.

I'm thinking of putting £200 in the governemnts help to buy ISA, however I'm not sure where to put the rest.

I was considering Santander 123 account or a Halifax regular saver, is there any other accounts that I am missing?

Any thoughts? Thanks

bigfreddiel

Tesco bank 3% up to £3k no dds or regular deposit required.

I believe you can have two accounts

fj

Archi_Bald

One or two of the 4% - 6% AER Regular Savings accounts for the next 12 months.

When they have matured at the end of the 12 months, put them into interest-paying current accounts, then repeat filling the regular savings accounts.

HappyMJ

Second vote for the regular saver accounts earning 6% with HSBC, First Direct and Marks and Spencer. That's £800 per month which should give you a small deposit of around £10,000 after 12 months.

I also save into regular savers at TSB at 5%, Lloyds at 4%, Nottingham BS at 4% which is another £1,050 per month which should give you £13,000 after 12 months.

If £23,000 after a year isn't enough there's plenty more accounts to save into.

concrete_kid

Great, thanks for all the advice.

GenevieveButler

Thanks for the advice. Hoping more good post from you.