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Author Best places to earn money on savings?
Andy GSi
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Registered: 24th Mar 02
Location: Shropshire, Drives 2.0l 16v Corsa
User status: Offline
7th Nov 06 at 11:41   View User's Profile U2U Member Reply With Quote

I have got a bit saved up in my account, and i am wanting to put £400 each month from my salary into a account which will make alot of interest.

Do any of you guys have a savings account? or even shares? etc? if so what have you done and where have you gone??

i am wanting to save for a year to get a nice depoist for a house.

Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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7th Nov 06 at 11:45   View User's Profile U2U Member Reply With Quote

you could put it into a 6 month notice account which will give higher interest than a normal bank account, but you dont have immediate access to it if needed. Think you need 5k or 10k depending on the bank and account.

Other than that Ive got an e-savings account on Natwest. Think the rate is something like 4.3% so not too bad considering you have immediate access to the money.

Could also look into an ISA but there is a yearly limit on the amount you can put in it.
Jamie Walby
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Registered: 15th Nov 04
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7th Nov 06 at 11:47   View User's Profile U2U Member Reply With Quote

I have an ISA with Halifax which gives me a lot of interest.
Dione J
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Registered: 22nd Sep 04
Location: West Midlands Drives: Leon Cupra Turbo
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7th Nov 06 at 11:47   View User's Profile U2U Member Reply With Quote

Hi Andy

Good on ya, i would get a standing order taken from your bank account and put it into a seperate ISA account - i know your not going to make much intrests but at least it's tax free
antonOO2
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Registered: 17th Sep 02
Location: Midlands
User status: Offline
7th Nov 06 at 11:51   View User's Profile U2U Member Reply With Quote

aliance and leicester i think it is are doing a 10% interest account at the moment .You can only pay in 250 a month but you can put the other 150 into a different savings account.One catch is that you need you current account with them and need to pay in £1000 or more a month.
Teddy
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Registered: 19th Jul 04
Location: Northampton Drives: VW Bora 1.9TDi pd130
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7th Nov 06 at 11:54   View User's Profile U2U Member Reply With Quote

£3k is the limit on an ISA.
That works on tax year as well - Apr - Apr.

[Edited on 07-11-2006 by Teddy]
Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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7th Nov 06 at 11:55   View User's Profile U2U Member Reply With Quote

Not just 3k, you can get bigger ones...

£3,000 in a Mini Cash ISA
£4,000 in a Mini Stocks and Shares ISA
£7,000 in a Maxi ISA
antonOO2
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Registered: 17th Sep 02
Location: Midlands
User status: Offline
7th Nov 06 at 11:55   View User's Profile U2U Member Reply With Quote

http://www.alliance-leicester.co.uk/currentaccounts/index.asp?page=prem-credit-interest&exp=60&cm_mmc=moneysupe-_-sup-_-ec19154000039664savings_listin-_-apply
antonOO2
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Registered: 17th Sep 02
Location: Midlands
User status: Offline
7th Nov 06 at 12:11   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Jamie Walby
I have an ISA with Halifax which gives me a lot of interest.


You got details on it mate ??
topshot_2k
Banned

Registered: 1st Dec 03
Location: Northampton Drives: Pug GTi-6
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7th Nov 06 at 12:13   View User's Profile U2U Member Reply With Quote

tracker funds are the best for 5yrs+ if not then use Cash and equity ISA's
Jamie Walby
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Registered: 15th Nov 04
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7th Nov 06 at 12:21   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by antonOO2
quote:
Originally posted by Jamie Walby
I have an ISA with Halifax which gives me a lot of interest.


You got details on it mate ??


what would you like to know?

I know maximim I can pay in over a tax year is £3k. I can pay more in but I will have to pay tax on the interest.

erm....what else? Interest rate?
antonOO2
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Registered: 17th Sep 02
Location: Midlands
User status: Offline
7th Nov 06 at 13:10   View User's Profile U2U Member Reply With Quote

what is the name of the isa?

cheers
Andy GSi
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Registered: 24th Mar 02
Location: Shropshire, Drives 2.0l 16v Corsa
User status: Offline
7th Nov 06 at 13:11   View User's Profile U2U Member Reply With Quote

Cheers guys.

I would like to take money out if needed, as if i run short in a month i can have access to it for a raining day.
antonOO2
Member

Registered: 17th Sep 02
Location: Midlands
User status: Offline
7th Nov 06 at 13:12   View User's Profile U2U Member Reply With Quote

im currently paying 250 a month into an A&L saver (12%) 250 into a loyds saver (8%)
Have a current account with A&L
And im looking for new Isa at the moment (3K)

Im putting £1000 a month into savings at the mo ,so any one with ideas please let me know

cheers
AuroraSport
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Registered: 5th Mar 05
Location: Norfolk Drives: Audi B5 S4 Avant
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7th Nov 06 at 13:25   View User's Profile U2U Member Reply With Quote

ive got all my bank accounts online with halifax, ive got a large sum of money tied up in a ISA which i dont touch, and a smaller amount which i can transfer between accounts (web saver). All done online with no messing about


 
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