We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Saving
autumn2012_2
Posts: 223 Forumite
Hi, Im now starting to save some money every month and Im wanting advice on whats best to do with it? Fixed ISA or Easy access etc. Its currently got 660 in my e saving account attached to my bank account but I dont want to dip into it. Any advice?
0
Comments
-
open/switch to TSB current account which pays 5% interest on balances up to 2000, or switch to first direct get £150 for switching through link on this site, you will then have access to their regular saver @ 6% interest.0
-
As Smithers said.
Other options (for when you've got more) are listed here.
Cash ISAs have very little point anymore, and even less from April, when the first £1000 of interest will be tax free for most people.
Fixed term fixed rate accounts are no good for saving up, as you only have a limited time to add money. Also interest rates are low at the moment, so you don't want to be locked in to a low rate when general rates go up.Eco Miser
Saving money for well over half a century0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards