best place to save 7k
Discussion
Sounds just the ticket, that's quite a decent amount earned off it. I can put some money in now and again but don't just want it to earn nothing in interest either! Trip to santander is on the cards unless anyone has another top idea? Will the bank give a idea of the interest earned each year?
It needs to be your current account for the good interest deal, and at least 500 going in a month to gain interest- in my case i would get zip as it would just be dribs and drabs going in, unless i had my wages paid into that account and then transferred into my joint account- that would work i guess!
It needs to be your current account for the good interest deal, and at least 500 going in a month to gain interest- in my case i would get zip as it would just be dribs and drabs going in, unless i had my wages paid into that account and then transferred into my joint account- that would work i guess!
Simpo Two said:
Although note that the tax saved on 0% is 0%. Don't be fooled by the 'woo tax free' thing; it may be better to consider other alternatives.
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100% this .
My isa was earning 3.1%, then it dropped to 0.25%. I decided to upgrade my current account to a premium account costing £10 per month. Perks of the account are :
Free phone insurance (£25 excess on Androids), free breakdown cover, free travel insurance and some extended warranty thing (might be handy if the new XboxOne is as twitchy as the early 360s).
On top of this, they pay 3% on the first £2500 of savings.
I'll probably stick with this until something better turns up....
^^^ I've just switched to this account too. Assuming you speak of the Nationwide Flew Plus account.
I was paying Vodafone £13 a month for iPhone insurance and now I pay £10 a month for my bank account and get iPhone cover (with the same excess) AND all the other goodies too. It's a great account.
I've already used the breakdown cover when my R8 shat its brakes. Was perfect, just called the Nationwide bank number and a flatbed arrived 20 mins later. Class.
To the OP. if you want to stand a chanc of a decent return, you could put the money into a stocks and shares ISA. You have to choose a fund to invest it in, but if you stick to passive trackers, your money will just track the FTSE 100 or 250 or whatever tracker you choos. It's quite fun having savings linked to the FTSE 100 as you get told how its doing every day on the news
I was paying Vodafone £13 a month for iPhone insurance and now I pay £10 a month for my bank account and get iPhone cover (with the same excess) AND all the other goodies too. It's a great account.
I've already used the breakdown cover when my R8 shat its brakes. Was perfect, just called the Nationwide bank number and a flatbed arrived 20 mins later. Class.
To the OP. if you want to stand a chanc of a decent return, you could put the money into a stocks and shares ISA. You have to choose a fund to invest it in, but if you stick to passive trackers, your money will just track the FTSE 100 or 250 or whatever tracker you choos. It's quite fun having savings linked to the FTSE 100 as you get told how its doing every day on the news
Yes. I believe it's the Flex Plus.
It's comforting to know that the breakdown cover is good. That will come in very handy on a car like mine with 131000 miles on the clock.
The phone insurance will be very useful because i have never had phone insurance before. Last year there was a hairy incident at Thorpe Park, where the ride attendant on Colossus misplaced my phone and then claimed that another customer may or may not have stolen it. About 5 hours later, the phone was answered by another member of staff, who didn't bother reporting it to park security and sounded quite disappointed that somebody had claimed it. The whole thing was very suspicious and i have decided that insurance is essential on an expensive phone with a 24 month contract.
i calculated that maximum interest on the account is worth around £73 per year. (before tax)
It's comforting to know that the breakdown cover is good. That will come in very handy on a car like mine with 131000 miles on the clock.
The phone insurance will be very useful because i have never had phone insurance before. Last year there was a hairy incident at Thorpe Park, where the ride attendant on Colossus misplaced my phone and then claimed that another customer may or may not have stolen it. About 5 hours later, the phone was answered by another member of staff, who didn't bother reporting it to park security and sounded quite disappointed that somebody had claimed it. The whole thing was very suspicious and i have decided that insurance is essential on an expensive phone with a 24 month contract.
i calculated that maximum interest on the account is worth around £73 per year. (before tax)
jshell said:
The Stiglet said:
Benspickup said:
What on earth is that then? Lol
Gulf Keystone Petroleum. Have a look at the shares tipping thread 
Just IMO!
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