Savings help!

ssssian

So I am saving g to buy my first home and I have a help to buy ISA saving the maximum £200 a month but I want to save more than this but don't know what kind of account to open. I don't want to be able to 'dip' in and take money out of the savings but I don't know where is best to save this!

Any help would be great - I am currently banking with Barclays so not sure if its best to open another savings account with them (but which one?!) Or somewhere else!

Thank you for all advise in advance! 

coachman12

Welcome to forum ssssian. How about a regular savings account------best currently seems to be Coventry BS at 2.5%; unless you become a current account holder with HSBC , M&S Bank or First Direct which then allow 2.75% regular savings accounts-----pick the amount you want to save for each month. It's a bit difficult to suggest better options at present but no doubt other forumites will come up with some useful tips for you. Good luck with your saving. 

Speculator

yeah, the Coventry is a good start.
https://www.coventrybuildingsociety.co.uk/consumer/product/savings/regular_saver/regular-saver-2.html

xylophone

So I am saving g to buy my first home and I have a help to buy ISA saving the maximum £200 a month but I want to save more than this but don't know what kind of account to open. I don't want to be able to 'dip' in and take money out of the savings but I don't know where is best to save this!

Had you thought of a LISA?

https://www.thenottingham.com/savings/products/lifetime-isa/

https://www.moneyboxapp.com/cash-lifetime-isa/

Alexland

How committed are you to using the HTB ISA bonus towards your property purchase? Have you been going a while with a fair amount saved and will the property fit within the HTB ISA price cap? If not then it might be worth using a LISA for the property purchase and then using the HTB ISA as a high interest easy access savings account? LISA terms are a bit complicated so read them carefully but it might be more beneficial depending on your circumstances.

stehouk

Iv'e just used the link to the coventry bs account and on the main page it states 2.50% but when go to the application page it states the variable interest rate is being reduced from 6th may 2020 to 1.85%.