What do you think is the best long-term savings account around at the moment?
..in the UK, preferably NOT easy access and able to be managed online or via telephoone, thanks.
(consistent AER would be nice as well)
Answers:
Check moneysupermarket.com. It's the most current of the lists and takes account of your personal situation.
Nationwide offer the best interest, more if you do on-line
HSBC online money market. Yielding about 4.8% right now.
premium bonds
premium bonds is not a long -term investment!.one the good ones that i know is the lloyds tsb monthly saver. basically to open the account you can deposit initially anything from 1 - 500 then poer month they ask you to set up a standing order which can be anything from 25 - 250 obviously depending upon what you can afford. In return you will receive 8% aer guaranteed over a fixed 2 year term..which is a really good earner for your capital. there is no penalties if you wish access to the funds and it can be managed over telephoney.howecver as everything has all ready been agreed upon then you can rest your mind at ease. The only thing with your savings account if you are adiment to save through such a vehicle is that inflation will eat into any return that you earn. I hope this helps mate..any other info or products that are similar but not so good can be found at www.iii.co.uk
Nationwide loyalty Fixed Rate Bond pays 5.30% but you need to be a member for at least three years. I am assuming you are not looking at stock market investments as they can be better longterm investments but with a potential risk.
try moneyfacts.co.uk and search beast buys
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(consistent AER would be nice as well)
Answers:
Check moneysupermarket.com. It's the most current of the lists and takes account of your personal situation.
Nationwide offer the best interest, more if you do on-line
HSBC online money market. Yielding about 4.8% right now.
premium bonds
premium bonds is not a long -term investment!.one the good ones that i know is the lloyds tsb monthly saver. basically to open the account you can deposit initially anything from 1 - 500 then poer month they ask you to set up a standing order which can be anything from 25 - 250 obviously depending upon what you can afford. In return you will receive 8% aer guaranteed over a fixed 2 year term..which is a really good earner for your capital. there is no penalties if you wish access to the funds and it can be managed over telephoney.howecver as everything has all ready been agreed upon then you can rest your mind at ease. The only thing with your savings account if you are adiment to save through such a vehicle is that inflation will eat into any return that you earn. I hope this helps mate..any other info or products that are similar but not so good can be found at www.iii.co.uk
Nationwide loyalty Fixed Rate Bond pays 5.30% but you need to be a member for at least three years. I am assuming you are not looking at stock market investments as they can be better longterm investments but with a potential risk.
try moneyfacts.co.uk and search beast buys
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