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Best place to save £10,000?

Last post Wed, Sep 09 2009, 1:27 PM by Bargain. 5 replies.
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  •  Wed, Sep 09 2009, 1:27 PM

    Re: Best place to save £10,000?

    Hectors House is correct - the maximum you can invset is £250 per month upto a maximum of £3000. Many other institutions are offering similar deals.

    There are very few good deals for larger sums. My bet is still the Post Office at 3.85 % for one year or try ICICI or Halifax if you want to leave it longer.

    Good luck

    • Post Points: 35
  •  Tue, Sep 08 2009, 4:44 PM

    Re: Best place to save £10,000?

    Hi, I think the Gold Mine can only be opened with between £50 and £250 per month - no lump sums allowed!
    • Post Points: 50
  •  Mon, Sep 07 2009, 7:46 PM

    Re: Best place to save £10,000?

    Have a look at

    http://www.bucksbuildingsociety.co.uk/

    Chiltern Gold Mine

    Paying 6.25% on monthly instalments plus you can start with an initial deposit

    e.g. invest £10,000 then pay from £25 to £100 monthly check details I think that is varible but dont miss a monthly payment as interet will be reduced

    • Post Points: 50
  •  Mon, Sep 07 2009, 2:47 PM

    Re: Best place to save £10,000?

    The best deal I have found recently for one year is the Post Office at 3.85%. the account can be opened online and its quick and stress free.
    • Post Points: 35
  •  Wed, Sep 02 2009, 11:23 AM

    Re: Best place to save £10,000?

    Check out this latest article by MS.

    http://www.moneysupermarket.com/c/news/fix-your-savings-now/0006124/

    You could also consider fixed term bonds, regular savings accounts which are advertising 5% AER.

    HTH

    Sparky.

    • Post Points: 35
  •  Wed, Sep 02 2009, 9:23 AM

    Best place to save £10,000?

    Hi

    I need to put away £10,000 i have saved up for a deposit on a house but i'm not ready to buy yet. I am aiming to gain the most interest possible on this amount and am confident i will not need to access this money for a year therefore i would be able to lock it away for 12 months.

    I am pretty new to the savings world and so am unsure which is the best option. 12 month fixed rate bond? Split between an ISA and another savings account? Regular savings account? Other??

    In the meantime i am also looking to put away at least £100 per month from my earnings - which would be the best method for this??

    Like i say - i am just looking to gain the most interest.

    Your comments and advice would be greatly appreciated!

    • Post Points: 80