The Top Easy Access Savings Discussion Area

sarahc5388

originalsindyuk wrote: »

i am new so be nice, what i meant was we cant open it with any lump sum, it will only accept the monthly amount, where as 2 of my other ac i could opene with upto 3k then deposit a monthly amount in or not depending on the account.
so ltsb let me open reg saver with 3k then put 250 a month in
barclays nest egg opened with 5k and didnt put any money in it

is that clearer, sorry

but will updat on the interview with barclays bright shiney new financial planning dept, only for those with over 5k to save.

i see now what you mean - have you looked at the fixed bonds? I have those as well, if you can afford to lock the money away for 12 months - i got 6% when i opened mine - not sure what the rate is now though

originalsindyuk

and dont forget abbey is it are doing 6% and if i remeber there was a third bank to so we could have 2 or 3!;) but i need ti find the account to sit it in to drip feed

sarahc5388

originalsindyuk wrote: »

now i know why i have no stars...and i m tired, yes 20 - 250 pm you can put in

hey - no worries - i did a major financial overhaul last year and moved quite a lot around, i had major headaches with it but got great advice and help from the forums on here

originalsindyuk

will look into fixed bonds, havent before as the word fixed use to scare me,history of being on benefits and then a student has left me still squirreling away for said rainy day, im a very what if person, however my job is secure and in 4 years have mange to squirrel about 30k! the isas are doing the worst, kind of scared to take the leap into complete lock down of savings.

sarahc5388

originalsindyuk wrote: »

will look into fixed bonds, havent before as the word fixed use to scare me,history of being on benefits and then a student has left me still squirreling away for said rainy day, im a very what if person, however my job is secure and in 4 years have mange to squirrel about 30k! the isas are doing the worst, kind of scared to take the leap into complete lock down of savings.

the 'fixed' is just the fixed rate - some banks now do shorter period ones 6 or 9 months so they could be worth a look when you get a chance, know what you mean about isas, got full amount in this year from the beginning and int has dropped from about 20 to 5 a month - gutted! but at least it's something and at least they safe in the bank!

rb10

sarahc5388 wrote: »

the 'fixed' is just the fixed rate - some banks now do shorter period ones 6 or 9 months

Banks even do fixed rate accounts for as little as 3 months!

Or, if you're not comfortable with having it completely locked away, you could go for an account that has a fixed rate but still gives instant access (there'll probably be a limit to the number of withdrawals per year).

ahai1

You don't have to put much in I have seen bonds with Birmingham Midshires where you only put in £1.

originalsindyuk wrote: »

will look into fixed bonds, havent before as the word fixed use to scare me,history of being on benefits and then a student has left me still squirreling away for said rainy day, im a very what if person, however my job is secure and in 4 years have mange to squirrel about 30k! the isas are doing the worst, kind of scared to take the leap into complete lock down of savings.

poppy10_2

Beware of the Citibank recommendation - it's an open secret amongst economists that its parent Citigroup is technically insolvent, and is just limping along with government life support.

ahai1

Like a lot of other banks.

mircat

on martin saving page its not clear on ulster bank that if you make a withdrawal in any month you lost a month intrerest

Instant Access – your money is there when you need it, interest will be lost in any month a withdrawal is made. If a withdrawal is made in any of the first six months after the account has been opened, only the bonus rate (0.50%) will be paid on that month.

evan with the six months bouns the rate is lower for a ten thousand pounds