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Saving
Saving

Here, we talk about saving money. Ask questions about how to save, savings accounts, ISAs and anything else. Feel free to talk about anything saving related.

Reference Materials:

  1. Top Savings Accounts
  2. Top Cash ISAs
  3. Top Regular Savings Accounts
  4. Top Auto-saving Apps
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This answer won 500 Koody Coins

Hi Anon, 

Since you're saving exactly £500 per month, I'd recommend opening a regular saver account. With Coventry, you can deposit up to £500/month. Regular savers are great because they offer higher interest rates than other savings accounts. This page 28 has a list of the highest-paying regular savers atm. 

I won't recommend putting the money in a stocks and shares ISA with only 3 years to go before you buy the house. It's just too risky.

I hope this helps!

Mehdi
Swimming Instructor

We use Starling for joint accounts. You don't get any special perks but it's super easy to get started. We've also set up direct debits for most bills excluding groceries, etc. to make everything easy.