ChatterBank0 min ago
money
24 Answers
Will be getting about £3,500 next week - anybody tell me best safe way of saving it with a good interest on it. Thanks - I dont seem to have faith in these ISAs but maybe they are safe enough - dont know much about them.
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For more on marking an answer as the "Best Answer", please visit our FAQ.My bank has a scheme whereby if you keep £7000 in your current account and do at least £1000 worth of business through it during the month, they pay you 4% which I think is extremely good at the moment. Plus the fact that it stays under your control. Mine is Lloyds/TSB but I think the other banks have similar - even better - schemes which might be good to look at. I find it quite easy to do £1000 worth of paying out and paying in so get the interest each month. You have to have a current account of course.
Carlton you are labouring under a delusion if you think the burglars wont find it. If it is there they know every nook and cranny you are likely to use to hide it. And they will turn everything upside down to do so. Besides which, you might as well get some interest on it, even if it is only a small amount. I suppose you could carry it about with you, but there are muggers who will mug you for a pound and also you might possibly accidentally lose it. No, much as I hate to say it the banks are the safest places to leave it.