saving for that rainy day

[stevewool]

most of us save some sort of way, on food and going out, but what about for saving for the plans that are a long way off, i am not on about pensions, just savings, you have your isa, and bonds plus other things too,where is the best place for your hard earned cash,plus what do you think is a good rate for it too:)

[subseastu]

I'd just bang everything into a stocks and shares ISA. The more you have in a pot the bigger growth you'd get, obviously over a longer term the way the markets are at the moment.

[lastlid]

http://www.youtube.com/watch?v=wx-uzW4AWa4

Isa Isa Baby

[lastlid]

Ever thought of an offshore bank account? Isle of Man and all that....

I have got one...:D

"Some offshore banks may operate with a lower cost base and can provide higher interest rates than the legal rate in the home country due to lower overheads and a lack of governement intervention. Advocates of offshore banking often characterise government regulation as a form of tax on domestic banks, reducing interest rates on deposits."

http://www.nomad4ever.com/2006/11/26/advantages-disadvantages-of-offshore-banking/

"Interest is generally paid by offshore banks without tax deducted. This is an advantage to individuals who do not pay tax on worldwide income, or who do not pay tax until the tax return is agreed, or who feel that they can illegally evade tax by hiding the interest income."


HSBC Offshore Banking
http://www.expat.hsbc.com/1/2/hsbc-expat/why-hsbc-expat/offshore-banking?WT.srch=1

[Arthur Little]

Steve ... if you're saving for a rainy day, you'll have spent :REGamblMoney01HL1: all your cash before you get the chance to tuck it away ANYWHERE, given the :raining: weather in this country! :doh

[lastlid]

Or send it to me :xxgrinning--00xx3::D

[deeen]

If you really don't want the money for a few years, shares that pay good dividends.

[stevewool]

:icon_lol:name me a share that will do that:icon_lol::icon_lol:

[lastlid]

name me a share that will do that

Philippine oil shares....:xxgrinning--00xx3:

[deeen]

@ stevewool, legal and general and national grid both yield over 6% dividends, to give 2 examples.

[stevewool]

i have some savings in shares and yes they do well but dont want to put all my eggs into 1 basket as they say,i may try that isa where have half and half, just wait till april for that, mortgage off first:xxgrinning--00xx3: