Current account+ savings Options

max11

Hi everyone,
I'm a professional and I have been in England for a couple of months
now. I'm trying to orient among many different accounts but it is very
complicated!

I earn some thousands per month so i would like to have a saving
account with a high interest (who not?!). Then I will decide what do
with money, for example buying a house, if I will decide to stay, in a
few months. It should be a good investement.

At the moment I have a RBS savings account, but it gives me only 0.20%
rates.
for example I ve seen Looyds Current Accounts with Vantage gives up
to 5% (until £7000) - is there any trick? Do I have to leave £1000 per
month for all the year long for example?
http://www.lloydstsb.com/current_accounts/classic_and_classic_plus_ac...
but savings seems have low interests.

For instance, Halifax Web Saver Extra gives 3% n savings

Could anyone help me?

Thank you
Max

withnell

For the Vantage 5%, you need to pay in over £1000 per month, and keep a balance between 5k - 7k.

Anything stopping you from using a different bank for savings and banking?

max11

Thank withnell for your reply.
5% is a good rate.
Just a clarification please (i don t know very well the english system): after paying £1000 per onth, can I move that money (as far I leave £7k) or have I to leave them, so at the end they will be £12k more every year on the account?

As that is a current account, are you suggesting me to open a different account for savings (excess to £7k), aren't you?
for example I found there is ING (4%) and Tesco (3.6%). Is tesco ok?

thank you for helping me.
Max

withnell

£1000 in each month, You can take out as much as you want to each month.

The 5% is earned when the account balance remains between 5 and 7k