corsa_paz
Member
Registered: 5th Mar 04
Location: Midlands
User status: Offline
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been made redundant not so long ago...got a nice pay off from my old employee..
i want to put away 5k in a savings account but dont have a clue with what bank or what scheme...with the credit crunch i know banks aint going to offer great % rates, but whats the best ATM??
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Aaron
Member
Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
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Stick £3600 of it into a cash ISA (this is the max you can put in to one every fiscal year)
You dont get taxed on your interest you see
As for the rest of it...dunno.
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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I have an ISA and hight interest savings account, not sure on current rates but both with Halifax.
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gavin18787
Premium Member
Registered: 22nd Feb 05
Location: Basildon, Essex
User status: Offline
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as said 3k in an ISA and the rest into the best savings accound you can find
Drives supercharged Tec with torque
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corsa_paz
Member
Registered: 5th Mar 04
Location: Midlands
User status: Offline
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are ISA all the same with banks or some better than others??
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Aaron
Member
Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
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quote: Originally posted by corsa_paz
are ISA all the same with banks or some better than others??
Some are better then others. Depends on the bank its with. Get onto Moneysupermarket.com in order to compare.
However...most of them restrict you to only 1 (somtimes none) withdrawl from the account over the year.
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Daniel_Corsa
Premium Member
Registered: 21st Apr 04
Location: Wigton, Cumbria
User status: Offline
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quote: Originally posted by Aaron
However...most of them restrict you to only 1 (somtimes none) withdrawl from the account over the year.
Mines with local buildng society and can withdraw whatever you want but say you go in and pop £3,600 in 3 months down line take £100 out you can't put £100 back in blah blah!
So best bet with any ISA is to not touch it at all, put your £3,600 in and forget about it for a year then add another £3,600 next year
April '06' Corsasport Feature Car | Aug '08' Total Vauxhall Feature Car | Spring '09' Fast Car Feature Car
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