The Top Easy Access Savings Discussion Area

grownuptoo

JimmyTheWig and Mr H thanks for your replies.

JimmyTheWig wrote: »

2. So yes, it would be better to hold savings in the name of the lower tax-payer (as long as you trust him!!).

Note the limit for protection is £35k per person per institution. If you're currently holding £55k joinly then you'll be within that limit. If you switch to holding this amount solely in your husband's name then you need to ensure that this is held in different institutions.

Yes, fortunatly I do trust him....its him who needs to be trusting as he leaves all the finances to me.
Thanks for the warning re £35 limit....although I knew about it may have forgotten when I moved the funds.

luv_my_brass

Advice please on the Halifax offshore account paying 10% interest.
many thanks.

occamsrazor

I guess you are talking about this one:

http://www.halifax-international.com/Savings/regular-saver.asp

That's pretty interesting....

Mr._H_2

occamsrazor wrote: »

I guess you are talking about this one:

http://www.halifax-international.com/Savings/regular-saver.asp

That's pretty interesting....

It is interesting, but it's not an instant access savings account so this thread is not the right place to discuss it.

snowtree

Over the last 12 months i saved around £600 with a halifax regular saver account for my daughter (now 15). I want to now put this money into another high interest savings account for her - preferably with instant access - and continue to save for her. I have two questions. What is the best place for me to put this money and secondly the standing order of £50 continues to go into that halifax regular saver account. Should i keep that standing order running into that account or change that too?

brownaldinho

I'm looking for some advice and I am unsure how my ISA actually works; I have a Halifax ISA Savers account that's current rate of interest is 5.00% gross p/a. My questions are:

A) Is my interest just based on the static figure in my bank balance at the end of the financial year (when it is paid currently) or does it take in to account the activity on the account during the course of the year?

Am I better to move my savings to a higher earning ISA, and if so, who would you recommend?

Hope someone can help me,

Thanks

Mr._H_2

brownaldinho wrote: »

I'm looking for some advice and I am unsure how my ISA actually works

This thread is for instant access savings accounts, not ISAs. For discussion of the best ISAs, head over to the ISA forum.

To quickly answer the other questions:

A.) The interest is almost certainly calculated daily, check your terms and conditions.

B.) Yes.

gratefulone

Hi. Am reasonably new to the forums and would appreciate some advice on the best current rates for instant access regular savings accounts. Have looked at the main site but would be interested in peoples' personal experiences and recommendations. Am a basic rate taxpayer looking to save monthly. Thanks in advance.

:beer:

anniecave

I used to save with ICICI but I am in the process of transferring it all to Birmingham Midshires as the rates are better.

So far Birmingham Midshires seem good and they are able to receive faster payments (same day) from my current account. I don't know yet if they can send faster payments yet or if it is the usual 3 working days thing.

YBS internet saver has the advantage you can pay out to more than one account (most will only let you pay to your linked current account) but the rates aren't as good as the top players.

opinions4u

gratefulone wrote: »

Hi. Am reasonably new to the forums and would appreciate some advice on the best current rates for instant access regular savings accounts. Have looked at the main site but would be interested in peoples' personal experiences and recommendations. Am a basic rate taxpayer looking to save monthly. Thanks in advance.



:beer:

Assuming you're happy to operate your account online, I'd suggest Birmingham Midshires 6.52%, IF.com 6.4% of Egg.com at 6.3%. You're money should be no more than 3 working days away and there are a handful of other deals in this price range from other providers.

The IF account has no "bonus rate" in it, whereas the other two promise to drop in 12 months.

If you want branch access, be prepared to accept a far lower rate!