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onthly saver accounts year 2

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I currently pay £400 a month to Club Lloyds monthly saver, £250 month to TSB monthly saver both in month 11


Can I just open new accounts for both after month 12?


Also where's the best place to move the £8k to which has been saved this year?


Risk averse and don't want to tie it up any longer than 2 years.

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  • Vortigern
    Vortigern Posts: 3,249 Forumite
    First Anniversary Photogenic Name Dropper First Post
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    Yes, you can open new regular savers with both Lloyds and TSB. The interest rate is lower now than it was for the maturing accounts.

    Best place for the maturing cash is current accounts, like Nationwide's FlexDirect or Tesco or Bank of Scotland.
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