What's the best thing to do with 500 per month savings? I want instant access to the cash and I want a guaranteed return, preferably monthly. Any ideas what my options are? Instant access savings accounts are fine but unfortunately don't offer very attractive rates of return (incidentally initial sum at the mo is not much sub 3k).
Thanks for any pointers : )
Some web based savings accounts offer reasonable rates, eg Nationwide 4.25%, Halifax 4.3%. If you've got a current account with the same organisation (you have to with Nationwide) - you can have "instant access" by transferring the money to your current account and doing what you like with it from there.
That's exactly what we do with Nationwide, in general it all works well, their on-line banking isn't perfect but it's good enough.
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