First time buyer savings accounts

[okgo]

Hi all,

Hoping you can jog my memory, I saw in a paper that a bank were offeirng (think it was Santander) 5% on a savings account designed for saving up deposits, the rule was a minimum of £100 a month contribution, I've been having a scan about and can't see it...

I was looking for the best way to save up, that seemed a good way of doing it, is there a name for these kind of accounts or do they just sound like fixed bonds?

As an aside, what do we think is the best savings method for getting a deposit (£25-30k) together?

[scotal]

okgo said:

Hi all,

Hoping you can jog my memory, I saw in a paper that a bank were offeirng (think it was Santander) 5% on a savings account designed for saving up deposits, the rule was a minimum of £100 a month contribution, I've been having a scan about and can't see it...

Check Nationwide, you are tied to their products.

okgo said:

As an aside, what do we think is the best savings method for getting a deposit (£25-30k) together?

Set up a direct debit to an account you won't think about too much. Preferably one that doesn;t show up on your online banking so you won't be tempted to touch it.

[okgo]

Thanks chap.

With regards to one you won't want to touch, I understand that. In that case should I be looking at bonds that you can't touch? They seem to offer the best return also?

[ghamer]

Think it was £1k a month