Investment Savings Bank

Me and a few family memebers have reached an informal agreement to save about. £ 500 by the low (combined) for a 1 year period.The prices recorded are then used to put a deposit on a property.
Is there a type of bank account that we regard as a real group of investors that everything is on a small scale.

Hello,

Have you considered opening a bank account ING Direct? See http://www.ingdirect.co.uk/

Dan
http://theyounginvestor.net/

Use an account of housing.

Not sure on the banks of the United Kingdom, but you may want to consider a term deposit account (eg http://www.macquarieprivatewealth.com.au ...
) Or a high interest savings account in the United Kingdom. Shop for the greatest interest, you can get.