Wanted - New savings account for Xmas 2008

WelshWoofer

Hi,
In order to try to cushion the blow of Christmas in 2008 I would like to open a savings account to squirrel away between £20-50 a month (depending on the month).
Does anyone have any recommendations for an account that allows you to save this small amount a month and also allows access to the money if needed?
Thanks in advance
R

Liz_the_Whizz

rachelmk

as it happens, I was looking at regular savers only yesterday.

The Skipton Christmas Saver account meets most of your spec, but you can only close the account to get at your money before November 2008.

But it does offer the best regular saver rate at present (7.55% gross), £10 min (max £250) per month deposit which you can vary each month (subject to £10 min).

Details here:

http://www.skipton.co.uk/savings_and_investments/savings_accounts/christmas_saver_account/

You'll probably struggle to find anything more flexible. If you want to be able to access the money, you'd be better off with an easy access account like Icesave.

JohalaReewi

Check out the santa special and other savings accounts in the best regular saver thread
http://forums.moneysavingexpert.com/showthread.html?t=608697

bristolleedsfan

Liz_the_Whizz wrote: »

The Skipton Christmas Saver account meets most of your spec, but you can only close the account to get at your money before November 2008.

But it does offer the best regular saver rate at present (7.55% gross), £10 min (max £250) per month deposit which you can vary each month (subject to £10 min).

Details here:

http://www.skipton.co.uk/savings_and_investments/savings_accounts/christmas_saver_account/

You'll probably struggle to find anything more flexible. If you want to be able to access the money, you'd be better off with an easy access account like Icesave.

chorley santa saver has higher rate. ( need to open a 25.00 paid up share account at same time though)

http://www.chorleybs.co.uk/index.php?option=com_content&task=view&id=189&Itemid=30

Liz_the_Whizz

Thanks bristolleedsfan, missed that one.

Jake'sGran

rachelmk wrote: »

Hi,
In order to try to cushion the blow of Christmas in 2008 I would like to open a savings account to squirrel away between £20-50 a month (depending on the month).
Does anyone have any recommendations for an account that allows you to save this small amount a month and also allows access to the money if needed?
Thanks in advance
R

Whichever regular saver you go for please remember that the headline amount quoted e.g. like the one quote by Alliance & Leicester @ 12% is paid only on the first month's deposit. After that the rate goes down because it is 12% on twice monthly amount divided by 12 then mitiplied by two and so on.
There was an article in the Sunday money section ppointing out that many people are not realising that this is how it works.