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£1k minimum pay in for 5% rate, help please
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There's no need to lock money away for 12 months for 5% accounts unless you want to do regular savers. Just open the account and fund as required.clairewych wrote: »I did eventually also reach this conclusion, so I've applied for a 5% regular saver. Part of the reason why I hadn't decided this originally was because I wasn't sure if I wanted to "lock away" cash for 12 months and then forfeit the interest if I needed it and I was looking for alternatives.Remember the saying: if it looks too good to be true it almost certainly is.0 -
Check the T&C of the Nationwide and TSB regular savers - penalty-free withdrawals are allowed.clairewych wrote: »I did eventually also reach this conclusion, so I've applied for a 5% regular saver. Part of the reason why I hadn't decided this originally was because I wasn't sure if I wanted to "lock away" cash for 12 months and then forfeit the interest if I needed it and I was looking for alternatives.Eco Miser
Saving money for well over half a century0
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