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
christmas saving 2008
Nicky321
Posts: 1,426 Forumite
does anyone have any suggestions where i could invest a regular amount of money each month so save for christmas 2008? a few of us got together and put a total of £250 per month away for 12 months, this has just been paid back £3000 + £114 interest. I am wondering if there are any better rates? It looks like we earned less than 4p per pound.
0
Comments
-
does anyone have any suggestions where i could invest a regular amount of money each month so save for christmas 2008? a few of us got together and put a total of £250 per month away for 12 months, this has just been paid back £3000 + £114 interest. I am wondering if there are any better rates? It looks like we earned less than 4p per pound.
Why not go for Skipton Building Society's Xmas Saver 2 account paying 7.55%. You can save between £10 - £250 per month. They give you access to your funds on 25th November 2008, just in time for Christmas spending.
More details here.Please call me 'Kazza'.0 -
Thanks for that Kazza242, have you any idea how much interest money i would actually get if i deposited the same as i have done this last year.Why not go for Skipton Building Society's Xmas Saver 2 account paying 7.55%. You can save between £10 - £250 per month. They give you access to your funds on 25th November 2008, just in time for Christmas spending.
More details here.
eg £250/month from November? so i would save 12 x £250 + interest =
sorry for asking but im not good at working stuff out.0 -
Thanks for that Kazza242, have you any idea how much interest money i would actually get if i deposited the same as i have done this last year.
eg £250/month from November? so i would save 12 x £250 + interest =
sorry for asking but im not good at working stuff out.
The interest does vary slightly depending on what date of the month you make oyur deposits. A basis rate taxpayer would make approximately £98 - £100 net interest. A non taxpayer would make around £122 gross interest.
Check out the Smile Bank calulators which I use when I'm in a hurry.Please call me 'Kazza'.0 -
The interest does vary slightly depending on what date of the month you make oyur deposits. A basis rate taxpayer would make approximately £98 - £100 net interest. A non taxpayer would make around £122 gross interest.
Check out the Smile Bank calulators which I use when I'm in a hurry.
thankyou very much for your help0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards