£5000 to pay for Honeymoon - Best Account Ideas Please!

nickj73_2

Hello everyone,

New poster so please bear with me if I'm going over old ground.

I am being given £5000 as a gift by my mother to help pay for/towards my honeymoon when i get married next year. I have looked on the MSE website for the best accounts but I've not been able to come to any decisions.
What I would like to know is, what would be your advice on the best account to open, and who with? The cash isn't going to be in the account too long as I want to get everything booked asap, so there's no point going for a high interest/regular savings account.
I've looked at MSEs suggestion of applying for the AMEX platinum cashback card to pay for everything I book online and then use the new account to pay off the AMEX card each month by direct debit so I avoid any penalties/interest.
Can anyone suggest an alternative, agree this is my best course of action, or offer any other advice?

Thanks

SiuLoong

With what you've said its irrelevant really.. you are below the £50k limit so safety is no issue. If you don't want to put it in a savings account for the interest it makes no difference.

Personally I would put it into a savings account with the highest rate at the time, probably AA saver at present (but all are dropping like flies), pay using either AMEX plat (but full balance needs paying off in full at the end of the each month) or use a 0% purchase card and pay off each month the minimum and full at the end.

nickj73_2

SiuLoong wrote: »

With what you've said its irrelevant really.. you are below the £50k limit so safety is no issue. If you don't want to put it in a savings account for the interest it makes no difference.

Personally I would put it into a savings account with the highest rate at the time, probably AA saver at present (but all are dropping like flies), pay using either AMEX plat (but full balance needs paying off in full at the end of the each month) or use a 0% purchase card and pay off each month the minimum and full at the end.

Hi, thanks for the post. I knew I'd be safe being below the 50K limit. I just wanted some advice on which account may be best.
Looking at tother threads on here I'm veering towards Nationwide as going to the US we can use their card to pay for stuff here in dollars and not get charged.

apt

If part of your spending is in a foreign currency get a credit card with no exchange charges - Abbey Zero, Post Office, or Nationwide - plus a Nationwide Debit card for any cash spending abroad.