We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
We all have to start somewhere
Options

flyawaywithme
Posts: 6 Forumite

I'm saving for a house deposit and have made some additional decent savings during lockdown (in addition to my H2B and Reg Savings pot). I have £1000 to put away now and estimate an additional £250 a month for the next few months. What should I do with this small amount given low interest rates? Fixed term savings account? Another reg saver? I'd rather not risk on investments. Thanks
0
Comments
-
Might as well deposit it into a fixed term account now.1
-
£1,000 into a Virgin current account. Then open a Regular Saver for the monthly £250. Ideally at HSBC or may be KRBS if you have access to KRBS.1
-
Are you eligible for a lifetime ISA? It may be better for you than HTB (depending on how much you have in HTB and timescale you are looking at buying within).
https://www.moneysavingexpert.com/savings/lifetime-isas/
2 -
Archi_Bald said:£1,000 into a Virgin current account. Then open a Regular Saver for the monthly £250. Ideally at HSBC or may be KRBS if you have access to KRBS.0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards