Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

    • Louisecat89
    • By Louisecat89 11th Jan 18, 11:49 AM
    • 11Posts
    • 11Thanks
    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?

Page 1
    • TheShape
    • By TheShape 11th Jan 18, 12:07 PM
    • 1,185 Posts
    • 970 Thanks
    • #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
    • #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.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,514Posts Today

8,856Users online

Martin's Twitter
  • RT @RobiMous2: Yesterday I saved myself £30 a month by switching utilities and cancelling a sim no one in the family used anymore. Inspired?

  • RT @elainelawro: @MartinSLewis When I lost my mum suddenly from a burst aneurysm on the brain I was unaware that my mum had signed up to do?

  • RT @AlisonKinder: @MartinSLewis I?m on my second kidney transplant in Thirty years. My life has been changed beyond recognition twice by th?

  • Follow Martin