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Rob_Corsa

 posted on 10th Jan 06 at 18:40

quote:
Originally posted by Melville
Since when can you only put £250 a month into a high interest savings account? Ive just put 5 grand into mine :look:


Theres a difference between a high interest Regular Saver and a High interest account.

Use the link below and search for the regular saver accounts.

The Derbyshire Regular saver lets you pay in £100/month, all the rest are at best £250/month. The Derbyshire RS has been rated the best RS by various magazines!

www.moneysupermarket.com/savings

Im guessing you put 5k into something like ING Direct which is just a High interest account


:cool:


Melville

 posted on 10th Jan 06 at 13:49

Since when can you only put £250 a month into a high interest savings account? Ive just put 5 grand into mine :look:


Rob_Corsa

 posted on 10th Jan 06 at 13:38

only prob with the high interest regular savers is that you can normall only pay in about £250 a month but with an isa you can stick £3000 in per year at any time.

http://www.adviceonline.co.uk/SAVINGS.html

[Edited on 10-01-2006 by Rob_Corsa]


Rob_Corsa

 posted on 10th Jan 06 at 13:34

yeah your gonna loose about a quarter from the regular saver interest but you will still be better off with the regular saver.



vibrio

 posted on 10th Jan 06 at 13:31

7% will be taxed. ISA will not be.


stubbsy05

 posted on 10th Jan 06 at 13:27

Right what am I better going for.

Halifax

Isa paying 5% AER/gross p.a.

Regular savings paying 7% AER/gross p.a.

ISA are tax free it says?:boggle: