Suitable account

paultither

Hi all,

I currently have a current account from which I pay my monthly bills. My plan is to transfer a regular amount to a new account and all my bills come out of there, whilst still running my existing current account.

Any money that is left over at the end of the month from my bills will hopefully earn good interest. I pay most of my bills online so need easy access to internet banking and need a debit card to pay off credit card bills.

My question is, am I better off opening another current account or is there an existing savings account that I can open which gives the flexibility of a current account?

CLAPTON

why don't you leave your current account as it is and simply open an online savings account and transfer between it and your current a/c... if you transfer a lot maybe see if your current bank has a decent esaver ...
Your current plan seems to have two current a/cs from which you can accidentally overdraw

paultither

I have a seperate e-saver at present.

I effectively intend on having an account for money coming in and an account for money being paid out. It will make it easier for me to follow and help keep a tighter reign.

My wage will come in to my current account. I then intend on a standing order to my new account which I can then use to pay my credit card bill, telephone, gas and electricity. All those payments will be made online, any money left over will be saved.

Will an easy access savings account provide me with this flexibility or will I need another current account?

beer_tins

Personally, I got all my bill payment dates (including credit cards) moved to the day (or just after) that my pay goes into my account. Almost everyone will do this if you have an OK account with them. Credit card balances may need to be 0 before they agree to move the bill date. This makes it much easier to manage my account, as everyhting I have left a week after being paid is mine to spend!

Bit of hassle to set up, but works for me anyway...