I’d prefer to invest about £50000 for five years within a making society that will spend the eye straight into my banking account. I’ve checked out Cahoot and Ing who spend interest monthly but you must visit the account every single month and hang up. Can there be any high paying accounts exactly where they spend the eye automatically direct for your banking account. (I understand Northern Rock Silver Savers does but cant use that)
Egg checking account and Northern Rock on-line tracker do that – each fantastic rates now but involve Six month bonus – so might not be so terrific inside the extended run. :-/ You might check out Capital A single savings too
AFAIK, ING does let any quantity of advance-dated withdrawal requests. Hence with £50000 you might arrange to achieve the approximate level of monthly interest credited for your bank a/c on the initial of every single month for a variety of months in to the future. [But I shall see if this can be so...!] [...Back again] Yes, this may operate pretty nicely – the only real probable drawback getting the near future payments can not reviewed or amended when setup – so you will need to consider a screen print or any other record of the items you may have performed. Without doubt ING can cease a payment for those who telephone [or poss e-mail them] but it really is improved than nothing at all, I guess. cahoot getting on line likely has extra features – but ING is marketed as ‘no frills’ just after all!