Interest Account

[Barewolf]

Hey peeps,

My Grandad has his money in an account to make interest but he cant touch it for 6 months apparently, if he really needed it.

My Dad suggested he put it in premium bonds but he doesnt want that as its pot luck. so does anyone know of any high interest places? its no use to him sat under the floorboards.

I am estimating he wants to make money on 7 grand but perhaps up to 150 grand.

[Matt D]

Have a good read through this:

http://www.moneysavingexpert.com/banking/


(also has sections on loads of other stuff... reclaiming evil bank charges, credit cards, utilities, insurance, etc.)


Very very good

[Wicked_and_Crazy]

if you deposit 50k HSBC will give you 8% AER without the need to make regular deposits.

http://www.hsbc.co.uk/1/2/personal/s.../regular-saver

[Barewolf]

Thanks guys. HSBC does that let you take out whats in if you Need it and not wait 6-12 months?

[Wicked_and_Crazy]

Originally Posted by Barewolf

Thanks guys. HSBC does that let you take out whats in if you Need it and not wait 6-12 months?

As far as i know it does.

[Barewolf]

Cool, Cheers, will pass that on to him.

[Wicked_and_Crazy]

I know this is off topic, but can i ask what a "Tomato Humper" is?

[altis]

Northern Rock

[Barewolf]

I cant believe no one knows what a tomato humper is, its the opposite of a melon basher.

[Wicked_and_Crazy]

Originally Posted by Barewolf

I cant believe no one knows what a tomato humper is, its the opposite of a melon basher.

[Barewolf]

lol. I dunno it was different :P