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  • FIRST POST
    • Louisecat89
    • By Louisecat89 11th Jan 18, 11:49 AM
    • 11Posts
    • 11Thanks
    Louisecat89
    Current Account, Savings Account or ISA?
    • #1
    • 11th Jan 18, 11:49 AM
    Current Account, Savings Account or ISA? 11th Jan 18 at 11:49 AM
    Hi guys!

    I currently have a Nationwide FlexDirect current account, Regular Saver and a Loyalty Saver 15yr. I have £40k saved in the Loyalty Saver 15yr, but I am earning less that 1% on it and want to move it out. To qualify for the Regular Saver 5% I must transfer £250 / month from an external source and cannot transfer from my existing Loyalty Saver 15yr.

    What is the best thing for me to do? ISA? Savings Account? Switching my Current Account for opening bonus?

    Louse
Page 1
    • TheShape
    • By TheShape 11th Jan 18, 12:07 PM
    • 1,185 Posts
    • 970 Thanks
    TheShape
    • #2
    • 11th Jan 18, 12:07 PM
    • #2
    • 11th Jan 18, 12:07 PM
    Having a FlexDirect account automatically qualifies you for the Flexclusive Regular Saver @5%. You can fund the £250 payment into the Regular Saver from any source.
    • jimjames
    • By jimjames 11th Jan 18, 12:09 PM
    • 12,329 Posts
    • 10,909 Thanks
    jimjames
    • #3
    • 11th Jan 18, 12:09 PM
    • #3
    • 11th Jan 18, 12:09 PM
    Are you saving the £40k for anything specific? Do you need access to it as another option would be investments for a portion of it?
    Remember the saying: if it looks too good to be true it almost certainly is.
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