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Advice please
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FootieFan_4
Posts: 1 Newbie
Hi there moneysavingexperts,
I am just seeking some advice as to where I should invest/save my hard earnt cash.
I have done some research, both on this site and elsewhere and have read the very useful article here http://www.moneysavingexpert.com/savings/which-saving-account.
A bit of background, I graduated this year, started work and believe that I do not start paying off my student debt until March next year (which is less than 10K, I think), and do not have any ISAs. I currently have about 6K that I can invest, and could spare between 1.5 and 2K a month to save. I just about make it into the top rate tax bracket and so believe that any income from a regular savings account will be taxed at 40%? I am saving for a deposit on a flat, so medium term about 2 years (depending on how the London property market moves).
Where should I put this money? I have a standard HSBC and nationwide account, and I plan on opening an ISA (maxi or mini, not sure, any advice here?) and a regular savings (maybe HSBC at 8% or 10% depending on which is better as to get the 10% I have to upgrade my account). But don’t know what to do with the rest.
Any of you guys have better/more specific advice?
Thanks.
I am just seeking some advice as to where I should invest/save my hard earnt cash.
I have done some research, both on this site and elsewhere and have read the very useful article here http://www.moneysavingexpert.com/savings/which-saving-account.
A bit of background, I graduated this year, started work and believe that I do not start paying off my student debt until March next year (which is less than 10K, I think), and do not have any ISAs. I currently have about 6K that I can invest, and could spare between 1.5 and 2K a month to save. I just about make it into the top rate tax bracket and so believe that any income from a regular savings account will be taxed at 40%? I am saving for a deposit on a flat, so medium term about 2 years (depending on how the London property market moves).
Where should I put this money? I have a standard HSBC and nationwide account, and I plan on opening an ISA (maxi or mini, not sure, any advice here?) and a regular savings (maybe HSBC at 8% or 10% depending on which is better as to get the 10% I have to upgrade my account). But don’t know what to do with the rest.
Any of you guys have better/more specific advice?
Thanks.
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