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Money to save

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:confused: I am a very (!) mature student who will be starting Uni in September to complete a three year course. I firstly need advice on the best student current accounts around (I wont be getting student loan but will be getting NHS bursary) and also advice on where is the best savings account I can put approx £7k for short term investment with being able to access when I need to.

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  • Cricri
    Cricri Posts: 579 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    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 btw :p I'm at NatWest, rates might vary with other banks.
  • 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)
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