Plan

[millerxxx]

im thinking of taking out a monthly savings plan
can you put down a lump sum
instead of paying monthly
thanks

[woofgang]

ermmm then it wouldn't be a monthly savings plan. How about an Isa if you've got a lump sum to put in?

[factor-fiction]

It wouldn't be a monthly savings plan then. Why are you thinking of a monthly savings plan, miller?

[Old_Geezer]

I'd not know but surely if you wanted to you could always put the lump sum into an account with a Standing Order transferring a monthly payment ? You'd have to check interest available on the reducing lump sum though.

[alavahalf]

Are you saving into a cash account or an investment account. Long term or short term?

[millerxxx]

hello
i am a diabetic
i have to buy strips
doc has stopped my strips
i want to invest some funds
to pay for strips
thanks

[factor-fiction]

Thanks miller- I am still not sure why you are looking at a monthly savings plan. Do you mean a monthly savings plan or do you mean a monthly income plan where you invest your lump sum and then receive monthly interest payments which you can use to buy your strips

[millerxxx]

yes factor
thanks for nice info

[wiltsman]

Crikey - how much are the strips?

I'm diabetic, but I'm an age where I don't pay for them, so I don't know how much you are being charged. I'm surprised you feel that to pay for them you have to take out a savings account!

But, if you need to take one out check out the highest interest accounts in the Money Saving Expert site.

You might also be interested in the following site regarding test strips:
http://www.diabetes.co.uk/nhs/availability-of-test-strips.html

[spudqueen]

Maybe you would be better taking out a pre-paid prescription plan http://www.nhsbsa.nhs.uk/1127.aspx

[bednobs]

i know it's nothing to do with the op, but a lot of type 2 diabetics cannot get the testing strips on prescription now (so a ppc will not help)