Basically, I'm trying to find out what to do with my savings and whether there are any out there also saving big when young.
I decided to move home after uni. Family home is in London, cannot see any reason to move out other than for freedom. Unfortunately, unlike many others, I don't value freedom at £8-10,000 a year.
But those who have graduated, what are yo doing with what you are saving? Are you just keeping it in the bank? Help to buy ISA? Investing?
Would be good to get a discussion going.
About £8k depending on what you call savings versus money in my current account. Not sure what I'm going to do with it yet. At some point I'd like to buy a car (after getting my licence) but I may need the money to live off when my PhD funding runs out. The rest I guess will go on a house deposit whenever I have a stable job.
Currently my money is spread between a low interest ISA (need to sort that out) and a current account. I do plan to open a help-to-buy account and then transfer it to the lifelong government ISA when they come into effect. I may also look into a stocks and shares account and investing some into the stock market, but only an amount I can afford to lose completely.
I have a fee current account, a monthly saver and yearly saver I ve spread 10 k across and transfer it between them monthly to make the most of interest rates as it's worthless left in an isa really.
~£60k (I'm 24 and live at home now, so at the upper end of your interval)
Santander 123 is 3% interest up to £20k so that's full up and decent considering current interest rates.
TSB classic account is 5% on the first £2k.
Rest is in ISAs and a little bit in Help to Buy ISAs.
Sad thing is £60k is nothing when you're trying to buy a house in Greater London.
Keep saving, you'll need it!
Not graduated yet but have nearly 3k in savings which I've accumulated over the past couple of years.
Those savings are emergency money to fall back on and then eventually will be saving more serious amount of money for a house deposit.