Best savings account for first time house buyer ?

[Deleted User]

Hi, I’m currently looking to begin saving for my first house (unfortunately missed out on a HELP TO BUY ISA), I’m looking to open a savings specific account which will benefit me in the long run (looking to save around £15000 in the next 10-12 months, and would like to get the best apr saving account, I’m based in South Wales so there may be a local banking society that could be recommended? Or a general run of the mill bank account, any info on this would be epic.

Thankyou in advance, if anymore info is required, please ask, and I’ll happily share.

eskbanker

If your purchase is at least 12 months away and you're under 40 then you can open a Lifetime ISA, which would turn £8K into £10K (plus some small change interest) over that time, a return that is most definitely epic when compared with the alternatives around the 1% mark....

Albermarle

As above Lifetime ISA seems the obvious choice .

[Deleted User]

eskbanker said:

If your purchase is at least 12 months away and you're under 40 then you can open a Lifetime ISA, which would turn £8K into £10K (plus some small change interest) over that time, a return that is most definitely epic when compared with the alternatives around the 1% mark....

It’s around 10-12 month mark hopefully, if the extra 2 months helps that much, then it’s worth doing that, what companies/banking society’s would be recommended?

eskbanker

[Deleted User] said:

eskbanker said:

If your purchase is at least 12 months away and you're under 40 then you can open a Lifetime ISA, which would turn £8K into £10K (plus some small change interest) over that time, a return that is most definitely epic when compared with the alternatives around the 1% mark....

It’s around 10-12 month mark hopefully, if the extra 2 months helps that much, then it’s worth doing that, what companies/banking society’s would be recommended?

The cash LISA market is tiny, with only a few providers, the best of which are listed in that linked article....

[Deleted User]

eskbanker said:

[Deleted User] said:

eskbanker said:

If your purchase is at least 12 months away and you're under 40 then you can open a Lifetime ISA, which would turn £8K into £10K (plus some small change interest) over that time, a return that is most definitely epic when compared with the alternatives around the 1% mark....

It’s around 10-12 month mark hopefully, if the extra 2 months helps that much, then it’s worth doing that, what companies/banking society’s would be recommended?

The cash LISA market is tiny, with only a few providers, the best of which are listed in that linked article....

Ah didn’t realise there was a link, it wouldn’t show on the iPhone!, have now seen, thanks !