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Where to put my savings?

gerrard88
gerrard88 Posts: 153 Forumite
Eighth Anniversary 100 Posts Combo Breaker
in Savings & investments
Need bit of advice really. Have a current account and mortgage with Halifax.

I dont have much savings. Around 1k at the moment but i want to start saving regular every month Most regular savings account are poor.

Anyone got any advice on what i should do?
Thanks in advance

Comments

  • jimjames
    jimjames Posts: 19,172 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I'm not sure about your claim that most regular savings accounts are poor. 5% to me seems pretty good. If I had a choice starting with £1000 that would be where I'd look first
    Remember the saying: if it looks too good to be true it almost certainly is.
  • fun4everyone
    fun4everyone Posts: 2,371 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    gerrard88 wrote: »
    Need bit of advice really. Have a current account and mortgage with Halifax.

    I dont have much savings. Around 1k at the moment but i want to start saving regular every month Most regular savings account are poor.

    Anyone got any advice on what i should do?
    Thanks in advance

    Try TSB classic plus for your £1k. 5% no risk.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    gerrard88 wrote: »
    Need bit of advice really. Have a current account and mortgage with Halifax.

    I dont have much savings. Around 1k at the moment but i want to start saving regular every month Most regular savings account are poor.

    Anyone got any advice on what i should do?
    Maybe you could re-visit the thread you started asking much the same thing almost exactly a year ago? In that thread you were given lots of advice (much the same as you've been/will be given here) and reminded of another thread you'd started, and received advice on, some time earlier.

    In summary, 5% is available with Nationwide and TSB for lump sums, and Nationwide have a 5% regular saver...none of which are "poor" rates!
  • Mr.Saver
    Mr.Saver Posts: 521 Forumite
    Fifth Anniversary 500 Posts Name Dropper Photogenic
    fun4everyone wrote: »
    Try TSB classic plus for your £1k. 5% no risk.
    The real risk is an IT meltdown and renders your money inaccessible for a week:rotfl:
  • gerrard88
    gerrard88 Posts: 153 Forumite
    Eighth Anniversary 100 Posts Combo Breaker
    Thanks for your help

    Although my post a year ago is a bit different, and i guess things change

    But ok Great thanks!
  • fun4everyone
    fun4everyone Posts: 2,371 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    Mr.Saver wrote: »
    The real risk is an IT meltdown and renders your money inaccessible for a week:rotfl:

    Which you want to happen because you complain and get £150 for the trouble :D
  • Mr.Saver
    Mr.Saver Posts: 521 Forumite
    Fifth Anniversary 500 Posts Name Dropper Photogenic
    fun4everyone wrote: »
    Which you want to happen because you complain and get £150 for the trouble :D
    Plus 2% interest rise (from 3% to 5%);)
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