Short term savings

[OliPolo]

Hello there...

At the start of 2009 i received some inheritence money which has been sat on since i was 15, i then bought my (realistic) dream car, paid off student debts etc.etc. and was left with a little over 15,000. I put it into savings at an ok time (a couple of days before everyone slashed their interest rates) and got 4% on a 1 year account with Birmingham Midshires. The money is now back in my hand as B/m offered me a crap rate for my second year.I intend to do a ski season and travelling, starting in October so i have the dilemma of whether to just put it into a nest egg with my bank (barclays) which seems to gain me pretty much nothing, or is there a savings account which i can use for a 6month term which would be more profitable?

Thanks in advance for any advice

Oli

[OliPolo]

Going into it this week so any advice/help would be massively appreciated

danka

[Ungarsee]

For the time being get barclays to close the nest egg account as it will be offering around 0.10% and get them to open a more for more account which will get you a slightly higher return of around 0.5% but will retain instant access.

Once you've done this have a look on money supermarket to see who's doing the best short term rates, I think coventry were offering 3% recently.

Word of warning with barclays though, they are due to update their savings rates in the next month so if you do open a more for more the rate will plummet to 0.10% when it is replaced.