We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Saving Help

harold123

harold123 Posts: 21 Forumite

12 May 2008 at 6:55PM in Savings & investments

Hi ,

I have £9000 to save, option for fixed term is possible but want to know about any other good/better options i have?

Thanks in advance!

0

Comments

KeithEssex_2 Posts: 224 Forumite

13 May 2008 at 1:02AM

harold123 wrote: »

Hi ,

I have £9000 to save, option for fixed term is possible but want to know about any other good/better options i have?

Thanks in advance!

It depends on your objectives. A Cash ISA is normally the first thing you should do as a basic saver/taxpayer.

Cash ISAs (Instant Access)
http://www.moneyfacts.co.uk/savings/bestbuys/mini-cash-isa.aspx

After that it all depends upon how quickly you might need to money.

i) Internet Saving Accounts
http://www.moneyfacts.co.uk/savings/bestbuys/internet-savings-accounts.aspx

ii) Notice Accounts
http://www.moneyfacts.co.uk/savings/bestbuys/savings_notice.aspx

iii) Fixed Rates / Term
http://www.moneyfacts.co.uk/savings/bestbuys/short-term-fixed-rate-bonds.aspx

Personally I stick to Fixed Rates with UK Banks and Building Societies.

0

This discussion has been closed.

★ ★ ★ Meet your Ambassadors

Categories

All Categories
345.8K Banking & Borrowing
251K Reduce Debt & Boost Income
450.9K Spending & Discounts
237.8K Work, Benefits & Business
612.6K Mortgages, Homes & Bills
174.3K Life & Family
250.9K Travel & Transport
1.5M Hobbies & Leisure
16K Discuss & Feedback
15.1K Coronavirus Support Boards

MSE News

NS&I launches new British Savings Bonds – but how do they stack up?
NS&I has refreshed its range of fixed-term 'British Savings Bonds' by adding a two-year and a five-year option, alongside its existing three-year bond. However, you can still earn more from the top-paying accounts elsewhere.
Lloyds, Halifax and Bank of Scotland to close 292 branches in 2024/25 – here's the full list, plus alternatives
Lloyds, Halifax and Bank of Scotland, which are all part of the Lloyds Banking Group, will shut at least 292 of their bank branches in 2024 and 2025, the Group has confirmed.
Martin Lewis: We need financial education in EVERY school for EVERY child
Universal financial education – providing young people with the knowledge and experience to thrive in our highly competitive consumer economy – is vital for the future of our society, MoneySavingExpert.com founder Martin Lewis has warned. Addressing an all-party group of MPs and peers at Parliament, Martin told them, loudly and plainly: we need financial education in EVERY school, for EVERY child.
State pension set to rise by up to £460 a year – but Martin Lewis warns it won't help pensioners this winter and most won't get the maximum
The state pension is set to rise by up to £460 a year (£8.80 a week) from 6 April 2025 under what's known as the 'triple lock' guarantee. But MoneySavingExpert.com (MSE) founder Martin Lewis has warned that any rise will come too late to help pensioners set to lose their Winter Fuel Payments this winter, while most won't get the maximum increase. Here's what you need to know.
The Body Shop administration latest – here's what you need to know
Cosmetics retailer The Body Shop has fallen into administration, resulting in almost half of its 198 stores shutting their doors for good and hundreds of staff facing redundancy. Below we round up all you need to know.
Martin Lewis warns council tax debt collection is 'so aggressive it'd make banks blush' – change is needed
Aggressive council tax debt collection practices – even after missing just ONE payment – are putting up to two million people at risk of serious harm, new research from charity the Money and Mental Health Policy Institute (MMHPI) has found. The charity's chair and founder Martin Lewis has called for Government action and urged local authorities to look at their methods in the meantime.
First-class stamp prices to rise by an inflation-busting 22% from 7 October – here's how to beat the hikes
The cost of standard first-class stamps will rise by an inflation-busting 22% from Monday 7 October, Royal Mail has confirmed – but if you buy some now, you'll still be able to use them after prices go up.
Nationwide to hike FlexPlus packaged account fee by £60 a year – should you ditch and switch?
Nationwide will raise the fee on its popular FlexPlus packaged bank account from £13 a month to £18 a month in December, the building society has announced. If you've got the account, it's likely worth sticking with for now – though you should diarise to look at alternatives when the new fee kicks in. Here's what you need to know.
FREE visits to 5,000+ UK historic buildings & heritage sites in September
You can get FREE access to many historical sites and tourist attractions this month including National Trust sites, castles, locations used for TV and film including Pride and Prejudice , The King's Speech , and Bridgerton, and more. It's all part of heritage open days across the UK.