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Add Moneynet.co.uk to your safe senders list.  Issue 92 - May 2008  Home Loans Credit Cards Insurance Mortgages Banking & Saving Product Guides Fixed rates, bonuses, interest penalties, notice accounts, term accounts, instant access, regular savings accounts, ISA's, tax free savings and tax paid investments...the list just goes on and on. With thousands of different accounts and rates available from hundreds of providers, finding the right home for your savings can be a daunting process. Hopefully, our short guide will help you make the most of your money. With Thousands Of Savings Products How Do You Make The Right Choice? The choice of savings account looks overwhelming, but a few simple questions should help you quickly narrow your options. What type of investor are you? Do you plan for the future or are you compulsive? Do you like to tie your money up so you steer clear of tempting winter sales or do you like easy access to your money at short notice? Do you add to your investment on a regular basis or are you saving with a particular goal in mind? What is your tax position? If you are a non-taxpayer or a higher rate taxpayer then there are other considerations that you need to bear in mind. Instant versus notice savings accounts First, let's look at the type of investor you are. If you want easy access to your money then you should consider an instant access account. Or you could opt for one of the interest bearing current accounts. However, qualifying for the best current accounts doesn't come without strings - you will usually have to commit to monthly deposits of at least £1,000 so these are generally aimed at people with a regular income. Having all your money in one account could also mix up your savings with the regular spending money so having a separate savings account will enable you to segregate the savings from the monthly spending. A good instant access account will usually pay about 0.50 per cent above bank base rate. The very best rates are usually found with internet accounts that are operated purely online. If that doesn't appeal, you could go for branch based accounts. However, they won't pay nearly as much interest and the sacrifice for the privilege of using a local branch could reduce the interest rate by about 0.25 per cent. For those who like a bit more discipline, notice accounts may be preferable. The interest will be a little bit higher with the best accounts paying around 0.75 per cent above the base rate. But, caution is needed - you could be penalised if you withdraw any money without the requisite period of notice. For example a 90 day notice account will generally penalise the saver with 90 days loss of interest on the amount withdrawn without notice. Worse still, there are some accounts that will penalise you with loss of interest on the entire account balance. So if you do need immediate access you would generally be better off with an instant access account. Continued.... Compare Savings Accounts >>> Best Buy Savings accounts>>> Compare & Buy Car Insurance Banking & Saving Secured Loans Home Insurance Best Buys Travel Insurance  Life Insurance 2 great reasons to review your live cover today. Go >>>  Loans Compare the market to find the best loan deal Go >>>      Credit Cards Compare 0% balance transfer cards plus many many more. Go >>>  Mortgages Get impartial advice from one of our experts Go >>> American Express Charge Card American Express Platinum Charge Card. Enjoy a bit of luxury? Hotel upgrades and airport lounge access with the Platinum Card® from American Express. Find out more. more >     spotlight on... credit cards MBNA Platinum Typical 15.9% APR variable 0% on balance transfers until June 2009 (2.9% handling fee applies) 0% on purchases until August 2008 more > Barclaycard Platinum Typical 14.9% APR variable 0% on balance transfers for 14 months 0% on purchases for 3 months more > MBNA Platinum Rewards Typical 15.9% APR variable & rewards! 0% on balance transfers until June 2009 (2.9% handling fee applies) 0% on purchases until August 2008 more > banking & saving Bank of Scotland Instant Access Savings Account Reward 6.30% AER guaranteed for 12 months Find Out More! more > insurance Nationwide Home Insurance Save 30% on home insurance when you buy Buildings and contents together online Get a quote now! more > Protected We search over 300 insurance plans From 12 leading providers Compare your options online today in minutes more > Life Cube Compare 200+ life plans in minutes Life cover from £5 a month Cheap life insurance quotes more > Tesco Health Insurance Straightforward, low cost quality cover Get a quote and then buy Tesco Health Insurance Before 28th May and get 1,000 clubcard points more > homeowner loans Ocean Finance Need extra cash? Nothing to repay for up to 3 months Do you want to borrow £5,000 - £100,000 Apply today for a no obligation free quote. All circumstances considered more > THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Moneynet is a trading name of Sterling Business Consultants Limited of Sussex House, 8-10 Homesdale Road, Bromley, BR2 9LZ. Registered office is 51 Eastcheap, London EC3M 1JP, Reg No: 03165711. Moneynet is authorised & regulated by the Financial Services Authority. This site is intended for UK residents only. Information correct at time of publication. You are subscribed to the Moneynet.co.uk newsletter. Unsubscribe