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Regular Saving for Xmas

 
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Shammi



Joined: 07 Jan 2007
Posts: 2
Location: Wembley!
PostPosted: Mon Jan 08, 2007 9:57 am    Post subject: Regular Saving for Xmas Reply with quote
Hi there,

I want to put away some money for xmas each month starting now. I dont want a hamper thing, i think they are bad value and dont fancy it after the fairpack thing. I know if i just put it in the bank i will spend it and i would also like to earn some interest. all the regular saver accounts seem to last a year but i want the money for xmas? do you know of any account I could set up?

cheers
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Caroline
ClearDebt Advisor


Joined: 27 Nov 2006
Posts: 10
PostPosted: Mon Jan 08, 2007 10:28 am    Post subject: Reply with quote
Hi Shammi,

That is a good question and a good idea.
I agree with you that hampers are not always very good value at all and it would be great to earn some interest on the money you were putting away each month.

I know of a Christmas Saver Account available which helps to spread the cost of the festive season over the year, Skipton Building Society

Skipton - Christmas Saver
Interest rate - 6.80%
Available from Jan 15th 2007
Min monthly investment - £10
max monthly investment £150
Withdrawals allowed from - 25th Nov.

I hope this helps

Caroline

NOTE: This is not a recommendation, there maybe others and if anyone knows any other christmas accounts do post them.

Last edited by Caroline on Wed Jan 10, 2007 12:49 pm; edited 2 times in total
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Shammi



Joined: 07 Jan 2007
Posts: 2
Location: Wembley!
PostPosted: Wed Jan 10, 2007 10:01 am    Post subject: Reply with quote
Cheers for that, i wish i'd known about them before.

What happens after the 10 months or whatever, do you just have to take all the money out?

Cheers
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Laura



Joined: 30 Nov 2006
Posts: 6
PostPosted: Wed Jan 10, 2007 12:52 pm    Post subject: Reply with quote
Hey,

My mum has just opened up this one at Bradford & Bingley, its a called Christmas Saver and can not take anything out till december.

mucho love

Lou
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Caroline
ClearDebt Advisor


Joined: 27 Nov 2006
Posts: 10
PostPosted: Thu Jan 11, 2007 1:01 pm    Post subject: Reply with quote
As far as I am aware Shammi, the account is just transferred into a standard account where you have easy access to your savings. You will not have to take out all your money on a set date or anything.

You will have to look at the terms and conditions of each account though.
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