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iCraig · 25 Jun 2006 at 13:32

smoove said:
Anyone have anything godd to say about who they have their savings account with?

Halifax have been great for me.

Have you tried www.moneysupermarket.com to see the best offers?

smoove said:
with the missus

*sharp intake of breath*

freebooter · 25 Jun 2006 at 13:43

My savings account has been excellent and I would strongly recomend it.

Will pm you my details so you can start paying in to it straight away

LeperousDust · 25 Jun 2006 at 14:29

smoove said:
with the missus.

It's a trap.

HiSAVE by the ICICI bank currently have the best interest rate for a regular savings account. ISA's are better because you don't pay tax but your only allowed to put 3k a year in.

PhilthyPhil · 25 Jun 2006 at 15:04

smoove said:
How do interest rates work? It states "5.15% AER", if I was putting in £80 a month, would that mean 5% interest on it, per month?

No, AER is a notional rate which illustrates the rate if interest was paid & added to the account on an annual basis. It is used to give you an easy way to compare rates with other banks/institutions.

Pez · 25 Jun 2006 at 18:23

ING... that is all.

booyaka · 26 Jun 2006 at 11:43

www.ingdirect.co.uk

easy to setup - easy to use - all online. i use them.

Hades · 26 Jun 2006 at 11:52

INGDirect are ok for large sums of money although they keep messing around with their interest rates. But if you simply want to save a regular amount eachmonth then take a look at www.lloydstsb.co.uk. They have something called a Monthly Saver. You can open it with up to £500 and then save up to £250 a month. They offer 8% AER on that account.

Messiah Khan · 26 Jun 2006 at 12:04

a Cash ISA gets my vote. Do not get a share ISA though as the FTSE100 is dropping at the moment.

nero120 · 26 Jun 2006 at 12:29

delete me!

Scott Salisbury · 26 Jun 2006 at 17:02

I think you should star out the sweary in the thread title

AFK_Matrix · 26 Jun 2006 at 17:09

Hi,

If you want to compare accounts and want a load of information mate go here:

http://www.moneyextra.com/

Thats how I got my savings, ISAs etc setup. Just bash the details in that you want and it will throw up all the different accounts there are.

Send me an email if you need any help with it.

Bes · 26 Jun 2006 at 17:28

messiah khan said:
a Cash ISA gets my vote. Do not get a share ISA though as the FTSE100 is dropping at the moment.

No its not- the FTSE made some decent gains last week :confused:

Get a cash Isa through NS&I (National Savings and Investments) This is the absolute best cash ISA available. They guarantee to stay above the base rate of interest (which is set to rise incedentally) for a few years.... 5.something % tax free at the moment. You will need about £1000 to invest before you can open their top- rate account though.

If you don't have a grand going spare yet, you could consider getting it on an interest free credit card and making some free interest on that

Personally I'd probably take advantage of the dip that the world stockmarkets took recentley and whack them in a managed fund in a Maxi ISA wrapper. Although I don't neccaserrily reccommend you do this, as I don't know what's best for you in your circumstances.