Savings Account

[Tinker]

I want to open a savings account, but because there are so many high street 'deals' i'm not really sure what to do. I'd only be putting away �20 a month or so, and i don't want an overdraft or cash card with it. What are my options and who is the best bank to save with? Cheers guys, I'm going to try to answer some questions now!

[2nosey]

barclays are good and natwest they're pretty good too. however my advice to you is do some research and find which bank you think suits you best.

[Oneeyedvic]

Best banks would be an internet bank - I have just sey one up with ING (www.ingdirect.co.uk) - you can transfer immeadiatley between this and your bank account nad set up a dd to pay into it monthly. This will give you a return of 5% AER. Check out www.moneyfact.co.uk

[corganiser]

internet banks is good advice. suggest you also look at intelligent finance and cahoot as both have good rates. However, if you are an income tax payer then a cash isa may be better - any building society will offer one and you get the interest tax free (up to an annual limit that you won't hit at �20 per month)

[johnjbloomfi]

check moneyextra.co.uk for the latest rates