News0 min ago
Saving Accounts
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Does anyone know a good bank/building society to use just to have an account where I can pay money into when I like, with the intention of not really having to withdraw any, but being able to if and when I want...? Any suggestions would be great! Thanks
p.s. Im rubbish with interest rates and stuff, so don't know what is considered good..?
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Go onto Yahoo and check out their personal finance page. It is very easy to understand and make comparisons.
http://uk.biz.yahoo.com/pfinance/index.html
Consider opening a mini cash ISA; you�re unlikely to get a better rate of return from other types of savings accounts (unless you have thousands to invest) as you do not pay tax on the interest you earn. Most banks (including internet based) and building societies offer them and you can invest up to �3,000 each tax year (though from April next year you can only invest �1,000 each year). Do a comparison of mini cash ISAs on the net to see who is paying the best rates at the moment.