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15 February 2010

The best way to earn (decent) interest on a £4,000 balance

I have a £4,000.00 balance that I want to invest for a year. The reason being is this capital should come off my mortgage, but as this is so low currently (2.09%) I have been looking to see if I can do better with savings %. THe best one I have found is the Alliance & Leicester Current Account that pays 6% on balances up to £2.5k. I can take one out in my name and one out in my wife's to gain 6% on all 4k. This also then opens the regular savers account for her (non-tax paying) at 6% also. Does anyone have any comments / suggestions please?

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