Other Saving Money

[PabloFunky]

I think some of you guys need to read the small print.

The nationwide isa has small print qualifiers, so 4.25% my backendio.

You need to have held a flex acocount as your main account, for 3 months minimum, pay in minimum of £750 a month, then carry on the same for isa term etc etc etc etc

The big print is to get people in and it clearly works,

So not negative, just realistic. I doubt youl find a short term savings for 5%.

[mucgoo]

What pablo said.
You've obviously done well out of actively taking introductory offers but you can't refer to it as saving. And most of us don't quite have the volume of money that gives bargaining power.

Say I've got £10,000. Would any bank I have no history with give me 4+ on easy access or 5+ on fixed terms.

[MiNiMaL_FuSS]

Originally Posted by PabloFunky

So not negative, just realistic. I doubt youl find a short term savings for 5%.

Again I'm just trying to help Betty out with the highest interest rates, it's easy to say there's catches and shoot them down! there's always catches to every account, but I'm just pointing out ways to get better deals and the highest interest deals around.

So try and find a good deal and get it in here

First Direct Savings Account 8% (if you have £1,500 a month - just stick your wage in it, thats well below national average salary, so good for most peeps).

HSBC savings account 6% (if you have £500 a month).

Halifax Family Saver 6% (you have to have kids).

Saffron Building Society 4% (normal current account, no rules).

[PabloFunky]

Gonna loook at the small print on them now, cheers

First one, i dont even get that a year (ha ha you changed it from £31,500 to £1500)

Still more than i earn though

HSBC one sound interesting

Third one useless to me also.

I think like as above, we should of specified a regualr type savings.

Not ones where you have to give your third child, or its based on period times etc etc etc.

Theres no decent rate for interest nowadays without massive amounts of small print/qualifiers.

I realise now though that gone are the days that only 2 things were need.

1. put money in bank
2. get good rate of interest.

[MiNiMaL_FuSS]

Originally Posted by PabloFunky

Gonna loook at the small print on them now, cheers

First one, i dont even get that a year

HSBC one sound interesting

Third one useless to me also.

i made a typo, it meant to read 1,500 a month not 35,000 :P

I use the first direct as my savings account currently, I've burnt through a lot of banks and First Direct are actually top notch for customer service, I love um.

[Fat Tony]

Find an account where there's a penalty for withdrawing the money before a certain date - like foregone interest omn a savings account - make sure the penalty is sizable enough to stop you taking it out

Or just get some self control

[MiNiMaL_FuSS]

Originally Posted by Fat Tony

Find an account where there's a penalty for withdrawing the money before a certain date - like foregone interest omn a savings account - make sure the penalty is sizable enough to stop you taking it out

Or just get some self control

making up that post count in a legit manner already

[Archtronics]

I wish I had £1500 to spare a month after bills..

[MrJay]

Had a £25 win in this months Premium Bonds Prize Draw : )

Don't see why people don't just have an account with the £100 minimum in it and stop doing the lottery.

Would give you effectively 100 chances at the £1,000,000 prize each draw.

Think the odds of winning are about 1,200,000 to 1.

So over a 12 month period your £100 gives you 1200 chances to win £1,000,000.


Me and the GF are stepping up the old savings, I'm putting £500 a month away and shes putting £400.

Ib4 needing at least a 20% deposit these days for a house. /sigh

[Unicorn]

Originally Posted by gilljoy

Open a savings account, ISA or what ever.

Lift X ammount that you want to save at the start of the month and insert into the savings account and forget its there.

Thats what I try and do and it seems to be working

I do it this way as well. It doesn't earn the interest that it used to with the crap rates on savings accounts now, but at least it isn't in my current account earning less than 1% and possibly getting spent

[Nealieboyee]

Originally Posted by Unicorn

I do it this way too. It doesn't earn the interest that it used to with the crap rates on savings accounts now, but at least it isn't in my current account earning less than 1% and possibly getting spent

You forgot the comma before "too" in your first sentence.

[Unicorn]

U SRS?



I changed it to "as well" just to spite you! Just kidding!