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Minimum period of saving

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Sally Blake | 07:56 Wed 04th Jan 2006 | Business & Finance
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I am selling my apartment and complete on the sale in ten days time. I have not found anywhere to buy yet so will be renting. I need a high interest account to put my money in until I find a property to purchase, the interest on the savings account will be paying my monthly rent. I also have some money in another account which I would like to transfer. What will the monthly interest be, how will I access it and what is the minimum savings period.
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Ing offer a reasonable rate. There is no minimum period and no notice needed for withdrawal.


You access it by phone or internet.


There's other similar accounts (eg Cahoot, Egg, ICICI) which I know less about and which may offer more.


Ing currently pay 4.5% less tax - it's credited monthly

hi, this is exactly what i did inbetween selling and buying, i kept my lump sum in a lloydstsb e account which paid a good rate of interest and was able to transfer the money easily to and fro from my current account also held at lloyds (that current account i have access via the internet but not an actual e account). this all meant i could check daily on my moeny and see the amount of interest going into the e account every month.


Hope this helps

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