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Thread: Savings Advice...

  
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    Savings Advice...

    I need to invest a small fortune, how do I go about it??

    I ideally need an account where I need to serve notice to withdraw money...

    Obviosuly I would prefer an account with high interest...

    Cheers Guys...

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    i'd get an ISA m8, but i dont know that much about savings accounts tho
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    a really good deal at the minute which is better than ISA's is MAG's, this account will keep your money for a small period and give great interest back.
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    how much is a small fortune, £1000 - £100,000 etc?

    you do want to have to give notice?

    would you want to be able to get at it when you want or would tieing it up for a year be an option?

    have you already added to an ISA this tax year?

    where do you bank?


    just a few questions for you to answer to help narrow down the options,
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    Can I ask what an ISA and a MAG is please?

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    Quote Originally Posted by willbaroo View Post
    Can I ask what an ISA and a MAG is please?
    ISA is a account you can add a maximum of £3000 a year to and the interest is tax free,

    never heard of a MAG before tho tbh,
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    Sweet, ISA it is then....

    Unless Mat can convince me otherwise...

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    Quote Originally Posted by willbaroo View Post
    Sweet, ISA it is then....

    Unless Mat can convince me otherwise...
    still worth shopping around for tbh, dont just assume a ISA will pay you better interest as many the interest is paid annually (on 6th of April) rates will vary from 4.5% upto the medium 6%'s, but have a look around to find the best,
    Barclays did have one of the best ISA's at 6.5% until they withdrew it last week becuase of too much demand...

    also read the small print, as i know you say you want to give notice but that may change, most banks will give you access instantly to it, but others may wait you wait 3-5days, and some other companies may say you have to wait for a cheque to be sent for example which could be up to 10 days to get it and clear it,
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    ah a MAG is very new thing - drop me a PM and I will gen you up on them, they are great and you do get loads of interest!
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    Why keep the information private mat, fill in the world
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