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Hi,

I am looking to start up a savings account to deposit some money into every week to build up some savings to spend on holidays and treats! However it needs to be flexible as im a student.

What i want to know is, should I get a flexible savings account with my current bank (HSBC) for the convience (interent banking for transfering of funds) or should I go for the biggest amount of interest I can (with less convience and more time and hassle!). With the amounts im going to put in (probably about £10 a week / £40 a month) surely the amount im going to gain interest is minimal? I know every little bit counts, but im just looking for opinions!

Thank you!

Comments

  • jinkssick
    jinkssick Posts: 1,323 Forumite
    Part of the Furniture 1,000 Posts
    Look at the best buy tables for savings, I think at the moment its 6.46% with kauopthing edge. its as easy to pass money from your current account to them as HSBC. In the long run, its not only you gaining more interest on your capital but means less giving cash to HSBC.
    Save saynoto0870.com in your favorites, and stop giving companies more £££ dialling 0870 numbers when you can dial freephones or cheaper alternatives
    call your credit card company, tell them that you want to leave, 99% of the time theyll lower your APR%
    Remember when that Bank Manager or Salesperson smiles at you, all he sees is £ notes. Dont forget the motto, "the wider their grin, the more debt your in"
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