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The Top Easy Access Savings Discussion Area
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Will leave others to comment on which account would be best, but certainly it's best to put the money in your name. This means that you won't have to pay tax on the interest you receive.My husband earns over the £44,000 higher tax bracket, and I do not work at the moment.
As you are married then any assets can be freely passed between you. (This means that you are allowed to put it in your name.)0 -
We have just sold our house, and have £55,000 profit from the proceeds. We have just returned from the USA, and are locked into renting until next Summer on a 12 month lease. My husband earns over the £44,000 higher tax bracket, and I do not work at the moment. What would be the best way to invest this money, as we do not want to lock it away, but we want it to earn some interest in the meantime? All ideas gratefully received!
Given that you do not want to lock it away I would advise against investing, which requires a 5 to 10 year commitment really.
Look for a savings account with instant access or a short term notice account. You're on the right thread here, or check moneyfacts.
Consider an ISA in your husband's name for up to £5100 tax free.0 -
Damn it. Natwest have pulled the 2.89% eSavings account.
Is anyone going with the post office?0 -
Anyone know if PO accept FPs?0
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Anyone know if PO accept FPs?
No PO does not accept faster payments so I was informed when trying to open an account.
Amazingly my Email address was too long!!! 33 characters as opposed to a maximum of 32 on PO site.
When I queried this the PO said well you cant open one then !!
What if I download form and send it by post, nope they said your Email address will still be too long !!
Never experienced this with any other company, if this is how they treat possible customers I DONT WANT TO KNOW !!
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robborollover wrote: »No PO does not accept faster payments so I was informed when trying to open an account.
Amazingly my Email address was too long!!! 33 characters as opposed to a maximum of 32 on PO site.
When I queried this the PO said well you cant open one then !!
What if I download form and send it by post, nope they said your Email address will still be too long !!
Never experienced this with any other company, if this is how they treat possible customers I DONT WANT TO KNOW !!
Computers says NO!
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Note that if you do open this account, there is much confusion over the date that the bonus starts.
It appears that it only starts from the 15th of the month after the month in which you open the account (despite the fact that the website claims that it's for the first 12 months - but see the other thread in this forum if you want to read a lot on the topic!).
There is no confusion, it is clear that Bonus starts form 15th of the month after the month in which you open the account.
Following is the quote from natwest webiste:
When is the bonus paid?
You’ll start earning interest on the 15th day of the month after the month in which you open your account. Your bonus interest will be paid on the last working day of every month for 12 months (along with the standard interest payment).
http://www.natwest.com/personal/savings/g1/instant-access/e-savings.ashx#tabs=section30 -
There is no confusion, it is clear that Bonus starts form 15th of the month after the month in which you open the account.
Following is the quote from natwest webiste:
When is the bonus paid?
You’ll start earning interest on the 15th day of the month after the month in which you open your account. Your bonus interest will be paid on the last working day of every month for 12 months (along with the standard interest payment).
http://www.natwest.com/personal/savings/g1/instant-access/e-savings.ashx#tabs=section3
The post of mine that you quoted was written on 9th October. Natwest have changed their website since then to clarify the situation. The text that you give in your post was not there on 9th October.
However, there was still (albeit a much smaller amount than initially) some confusion right up until the end, as the main heading on the e-Savings page said that you can earn a bonus for the first twelve months, which is not consistent with 'from 15th of the month after the month in which you open the account'.0 -
We have just sold our house, and have £55,000 profit from the proceeds. We have just returned from the USA, and are locked into renting until next Summer on a 12 month lease. My husband earns over the £44,000 higher tax bracket, and I do not work at the moment. What would be the best way to invest this money, as we do not want to lock it away, but we want it to earn some interest in the meantime? All ideas gratefully received!
What about Skipton Building Soc? I've just opened one of their online bonds - really good rate at 3.1% for 12 months0
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