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Money to save
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ginstar
Posts: 46 Forumite

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For the savings, I'd suggest a cash ISA first. %5.6 gross, but you can only put £3K a year, and once you take some away you can't put it back until next year.
The rest of my savings are on a e-savings account, currently giving me 4.84% gross.
that's not a suggestion, it's only what I do myself btwI'm at NatWest, rates might vary with other banks.
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If you have your £7k ready to save now, you can open a cash ISA with £3k this tax year, and then add £3.6k to it (or open another if a better rate comes along) post 5 April.
The ISA sub-board is buzzing with the latest deals (thanks to sharp eyed Bristolleedsfan:T ). As you need access, Barclays new 6.5% ISA looks the best bet currently.
http://forums.moneysavingexpert.com/showthread.html?t=766161
New products are coming out all the time as the ISA season hots up, so keep your eyes peeled, but don't miss the tax year deadline."Success is the ability to go from failure to failure without losing your enthusiasm" (Sir Winston Churchill)0
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