Well the latest student loan installment came through on Monday and while visiting the bank to get my statement, I was warned that it wasn't safe to have a large amount in my current account. I wasn't earning any interest on it either apparently.
They did offer to talk about savings options but I was hoping to look around first before going back.
I have a regular HSBC bank account but am looking to move some money into a savings account to hopefully accculumate interest while I'm not using the money.
Does anybody have any tips or suggestions on savings accounts or just generally on what I should be looking out for?
@aeonflux: I don't need it straight away, up to 3 years is fine.
Best savings account? Watch
- Thread Starter
Last edited by sd123; 15-01-2010 at 18:36.
- 15-01-2010 18:30
- 15-01-2010 18:35
The first thing you need to think about is whether you need access to the money or whether you can tie it up for a period of time.
The best rates are generally the ones that limit your access to your money - fixed term bonds, regular saver accounts etc. If you need to be able to withdraw money at short notice you'll need to be looking at easy access accounts.