Bit of a windfall month for me

Indispensable_Hobbes

My purse strings are about to snap at the moment.

1. Got £2,040.00 compensation last week for an accident I was involved in
2. I called Abbey today to see when my fixed rate saver matures... it already has (sneaky, been moved onto 4.75% i think she said (but i knew about that anyway)) so theres another £1,373.26.

What do you guys think, stick my ISA allowance away in my A&L which is currently 5.15% and open a Halifax fixed 7% rate monthly saver? Sticking £250.00 in first 2 months then £100.00 for the next 10 (im not that well off to keep 250.00 going ;p)

jeny is a happy bunny today.

Any alternative suggestions are welcomed.... spending isnt an option

JEC

I think with the Halifax account you're forced to contribute the same amount every month, so you might have to slightly review your plans there

Speculator

No. With the Halifax a/c, you are allowed to vary your amount each month as long as its between £25 and £250.

Quote from Halifax Website...."You can change the amount you save each month whenever you want"

Here's the link. http://www.halifax.co.uk/savings/regularsaver.shtml

Indispensable_Hobbes

Yeah I knew that but anyway.... does that seem the best option do you think?>