crazyc1

I am excited to pick up my new car next week. I am looking for some advice on how to start saving for the balloon payment that is due at the end of the PCP contract.

Cost of Car £25,221.90

Deposit £1650

Total credit £23,571.90

38 monthly payments of £368.05

1 balloon payment of £9,586.00

So i have worked out I need to save £252 each month to cover the balloon payment. The help I need is what savings account will be suitable for this. I wont touch the money in the 3 years but the pot will be starting for £0.

I have looked into the marcus account at 1.5% but also have noticed the nationwide 5% flexdirect account but unless i set up for my salary to go through that account (not sur

Does anyone have a stream of this, or know what channel it will be on?