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  • FIRST POST
    • Lucky#7
    • By Lucky#7 9th Oct 16, 3:39 PM
    • 1Posts
    • 0Thanks
    Lucky#7
    Help to buy or Santander 123?
    • #1
    • 9th Oct 16, 3:39 PM
    Help to buy or Santander 123? 9th Oct 16 at 3:39 PM
    Hi,

    I have £8000 to save and want to know what would be best out of the following two options:

    A) Put it all into Santander 123 earning 1.5% AER on it all
    B) Split it between nationwide flex (5% AER on up to £2,500 fixed rate for 1 year) + nationwide help to buy ISA (2% AER on £1,200 in first month then additions of £200 per month thereafter) + nationwide cash ISA (0.95% AER)

    I am not currently looking to buy a house but will one day in the future. If the Santander 123 was still 3% it would be a no-brainer! Club Lloyds is not an option because I can't meet the requirements.

    Any help would be appreciated!

    Thanks
Page 1
    • jimjames
    • By jimjames 9th Oct 16, 4:05 PM
    • 10,836 Posts
    • 8,902 Thanks
    jimjames
    • #2
    • 9th Oct 16, 4:05 PM
    • #2
    • 9th Oct 16, 4:05 PM
    Decent rate HTB ISA is worthwhile but why bother with those other accounts unless you've already filled the various regular savers and higher interest accounts? And with £8k that doesn't seem possible.

    Which part of lloyds criteria can't you meet?
    Remember the saying: if it looks too good to be true it almost certainly is.
    • adonis10
    • By adonis10 11th Oct 16, 12:54 PM
    • 1,115 Posts
    • 122 Thanks
    adonis10
    • #3
    • 11th Oct 16, 12:54 PM
    • #3
    • 11th Oct 16, 12:54 PM
    Hi,

    I have £8000 to save and want to know what would be best out of the following two options:

    A) Put it all into Santander 123 earning 1.5% AER on it all
    B) Split it between nationwide flex (5% AER on up to £2,500 fixed rate for 1 year) + nationwide help to buy ISA (2% AER on £1,200 in first month then additions of £200 per month thereafter) + nationwide cash ISA (0.95% AER)

    I am not currently looking to buy a house but will one day in the future. If the Santander 123 was still 3% it would be a no-brainer! Club Lloyds is not an option because I can't meet the requirements.

    Any help would be appreciated!

    Thanks
    Originally posted by Lucky#7

    Nationwide Flex Direct 2.5k @ 5%
    Bank of Scotland 5k @ 3%
    Nationwide Flex Regular Saver up to £500/month @ 5%


    With the saver, you can put in up to £500/month so if you have spare cash move £500/month from BOS into the saver and then any spare cash can go into the BOS account, thus getting the best rate possible for all of your cash.


    Job done.
    Last edited by adonis10; 11-10-2016 at 12:57 PM.
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