I have approx £ 3K to put away long term but am in a quandry. This is the amount left over after I have ear marked my next years ISA allowance. I saw a FA in the Alliance and Leicester and am considering one of their 6 Yr Guaranteed Capital Accounts, which invest in "emerging markets" , choice of 15.5% or 23% minimum growth (the unguaranteed max % growth being smaller in the latter). However, these only equate to roughly 3% per year. I already have similar small sums with the Abbey, Halifax and Nationwide. Ideally I would like to put this £ 3K somewhere else. However, I have heard a few rumours floating around about A & L and a possible takeover . I have looked at some of the other high interest bank accounts but am put off by internet banking as I like to be able to go into a bank if I have any problems. Can anyone suggest an alternative high street bank / building society?

Hi Yorkshire bank are currently doing a term deposit account, minimum deposit is £2k. You can choose between 1 and 3 years term. If it's held for a full 1 year term you'll receive a guaranteed rate† of 6.00% Gross*/AER** (see web site for more details www.ybonline.co.uk)

Hi ALP

Thank you for the information. I have now applied for one of these term accounts with Yorkshire Bank. Another good one is the Instant Saver with the post office. For a limited period, they are offering 5.75% on their Instant Saver, (which includes 1.0% gross for the first 12 M from opening the account) - minimum to open £ 500 - postoffice.co.uk/savings

redpanda:

Hi ALP

Thank you for the information. I have now applied for one of these term accounts with Yorkshire Bank. Another good one is the Instant Saver with the post office. For a limited period, they are offering 5.75% on their Instant Saver, (which includes 1.0% gross for the first 12 M from opening the account) - minimum to open £ 500 - postoffice.co.uk/savings

NB: Now paying 6%