Little bit of advice needed

cloud84

Hello, I need a bit of advice about my savings, I've been looking into different accounts etc for a number of weeks now I've basically confused myself on what to do.

This is my situation, I have £10000 saved and £1000 in a current account (halifax). I never owned a home but looking to in the next 3 to 4 year (my partner owes the home we currently live in) The savings is currently in a very old isa (lloyds).

At the moment I can only save £50 a month:embarasse hopefully this will change in the coming months. I don't know where to put my savings I need instant access and online/app viewing.

I know for a 34 year old it's not a lot of savings but i want to get the most from it.

Thanks for any help

fiestaman87

I would look at transfering (not withdrawing) 4k of the 10K from Lloyds into the best interest rate paying Lifetime Isa for a start.

xylophone

Are you eligible for a LISA?

https://www.moneysavingexpert.com/savings/lifetime-isas/

Have you ever had a Nationwide Flexdirect current account?

If not open one and deposit £2500.

Open a TSB Classic Plus current account and deposit £1500. Set to paperless. Take out interest monthly from accounts and transfer to interest paying account.

Set up a mid month same day SO for £1000 from TSB to NW and from NW to TSB.

Open Flexdirect Regular saver and save £250 a month.

If you have the DDs, consider a couple of Tesco current accounts.