Hi,

Been hanging around the forums now for around 6 months but this is my first post.

For the first time in my life I now have some money to invest and save as I am looking into buying a house in 2 years + time. Its no fun being 27 and living at home . Please bear with me as only just grown up and started looking into saving e.t.c

Anyway I have 7K to invest and a further between 800 - 1200 per month. I am thinking of putting 3K into a NS&I direct isa and the remaining plus adding monthly into a icesave account.

Is this about the best idea? or any better suggestions? Any help greatly received.

Cheers

Welcome Dan111.

If you're sure you won't need the cash for a year or so, why don't you go for one of these 7% bonds coming up? Stround and Swindon seems good.

I'm sure more banks will offer higher rates in the next few weeks too...

sounds like a good plan, maybe check out alliance & leicester - they do a 6.3% savings account but also pay 6.5% on current account for balance upto £2500. All helps ........

Stick £3k in the NS&I ISA now, leave the rest in a high-interest easy access account, then put a further £3.6k into a Cash ISA next April. Distribute the £8-1200 per month amongst various monthly savings schemes - e.g. Nationwide / Yorkshire BS - the latter currently pays more than 7% now.