Savings account

[Eurox]

I have a current account at the moment with the Alliance & Leicester. I am currently in work and I want to start saving for a car. I want to put around �200 a month away for this so I want to open a savings account. Does anybody know which one is best for this situation. Id prefer one that supplies you with a card to get the money out at anytime too. Thanks in advance.

[davidicus]

Buy Wednesdays Daily mail & Daily Express and read the special money pages contained therin, there are tables showing the best accounts etc, or you could try google, happy investing

[stevie21]

or look at :
http://www.moneyfacts.co.uk/

Save yourself the whopping cost of a newspaper.

If you already have an account with A&L then why not open up a (tax free) ISA with them.  That's currently paying 4.5%

Any other savings accounts' (i.e. not ISAs) interest rates will be subject to tax so you'll need to deduct one fifth of the figure quoted.  Also, if you find another bank offering more than 4.5% bear in mind it'll take your money 3-4 working days to get there from A&L which, in one year is the equivalent of one month's lost interest (knocking one twelfth off the advertised rate).

 

Stick with A&L., it's simpler that way