Short-term savings plan.

[MrAdaam]

Looking at saving up for a mortgage - possibly just to move out at this rate. I'd like/need somewhere that will offer good rates, tax free is a bonus. Ideally this will be on a 12-month term personally with no commitment at any point to have the bank holding onto the money for a duration of time over this. i need the ability to add into it gradually as well over this time.

Open to all suggestions. What have you got for me?

[cuprabob]

Cash ISA and/or regular savings account

[MrAdaam]

Nothing that will give any higher returns interest-wise?

[cuprabob]

Not really, ISA will give you just under 3% tax free and regular saver, upto £500 per month, will give you 4% gross over 12 month period.

Unfortunately that's the best at the moment unless you want to start taking risks o frequenting the Casino

[fid]

For higher returns you need to invest rather than save.