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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
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Comments
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Might as well deposit it into a fixed term account now.1
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£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
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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/
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Thanks- sadly no access to KRBS.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
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