Savings Account for Wedding!

chowster

Hello moneysavers!

Been a while since I've been on here but need your advice again

Im getting married next August and need to start saving for my contribution. I'll be putting about between 200 and 500 a month away towards it. I've currently got an RBS savings account that Im just putting it to but wonder if there is a better account out there for it?

I don't intend in taking the money out until June next year and I already have £500 to put into a new account if a starting deposit is required.

Look forward to your advice :T

Steve_xx

Open an Alliance & Leicester Premier Current account, and open it via Quidco so you get £50 cashback for opening it.

Then you can open an Alliance & Leicester Premier Regular Saver account to run alongside the current account. You can pay between 10 and £250 a month into this account from the Premier Current Account. For the first 12 months your interest on the account balance will be 12%.

Then open an Alliance & Leicester e-saver account through Quidco. You'll get £20 from Quidco for doing that. Just put £1 in the account and leave it there.

You might also consider a cash ISA for any remaining spare cash. That way you don't pay tax on interest. But the above 12% account easily beats an ISA for the period you're talking about.

How does all that sound for starters?

http://www.alliance-leicester.co.uk/savings/index.asp?page=prs3&ct=htmlmidleftsavingsDec07

http://www.alliance-leicester.co.uk/currentaccounts/index.asp?page=prem-credit-interest&ct=premregsaver

http://www.quidco.com/?search=alliance&view=a-z

chowster

Thanks for the quick and comprehensive reply Steve!

Looks like quite a lot of work though!

Was hoping there would just be a savings account that I could open and put the cash in

Steve_xx

chowster wrote: »

Thanks for the quick and comprehensive reply Steve!

Looks like quite a lot of work though!

Was hoping there would just be a savings account that I could open and put the cash in

OK well in that case try the ICICI Bank, Hi-Save account. Simple account, operated online and currently paying 6.41%.

shelovestobuystuff

Steve_xx wrote: »

Open an Alliance & Leicester Premier Current account, and open it via Quidco so you get £50 cashback for opening it.

Then you can open an Alliance & Leicester Premier Regular Saver account to run alongside the current account. You can pay between 10 and £250 a month into this account from the Premier Current Account. For the first 12 months your interest on the account balance will be 12%.

Then open an Alliance & Leicester e-saver account through Quidco. You'll get £20 from Quidco for doing that. Just put £1 in the account and leave it there.

You might also consider a cash ISA for any remaining spare cash. That way you don't pay tax on interest. But the above 12% account easily beats an ISA for the period you're talking about.

How does all that sound for starters?

http://www.alliance-leicester.co.uk/savings/index.asp?page=prs3&ct=htmlmidleftsavingsDec07

http://www.alliance-leicester.co.uk/currentaccounts/index.asp?page=prem-credit-interest&ct=premregsaver

http://www.quidco.com/?search=alliance&view=a-z

I have been accepted for these and also another bank account and online saver via quidco so should see £110 cashback pretty soon:j

Steve_xx

shelovestobuystuff wrote: »

I have been accepted for these and also another bank account and online saver via quidco so should see £110 cashback pretty soon:j

Hey goody! You liked that did you? A nice little earner isn't it?

shelovestobuystuff

Fantastic,I use quidco already but just for the usual purchases etc,look at my sig.I hadnt tried using it to make cash like that.Thats a weeks earnings for 5 minutes work!!!Now all I have to do is remember to move my money around between the account for a few months to keep the £500 minimum going in monthly until they pay out on the cashback.