We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Instant Savings with outward Standing Order??
johnd_2
Posts: 11 Forumite
I'm looking to live off some savings for a year but it would obviously be nice to get at least a modest interest rate on the yet-to-be used capital. What I'm looking for is presumably an instant-access savings A/C into which I can pay a lump sum to cover 12 months of living expenses and that will allow me to set up an outward standing order to pay a monthly sum into my main current A/C. (I want the SO facility so that I don't forget one month to make the transfer in time and hence suffer current A/C penalties.) It would also be good to be able to view the A/C online.
I'm struggling to find a suitable A/C that doesn't pay a pitiful rate of interest (eg 0.1-0.5%). It would be good to get into the 2.5-3% band if possible. I can't believe that a suitable A/C doesn't exist somewhere. Any ideas please?
I'm struggling to find a suitable A/C that doesn't pay a pitiful rate of interest (eg 0.1-0.5%). It would be good to get into the 2.5-3% band if possible. I can't believe that a suitable A/C doesn't exist somewhere. Any ideas please?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.3K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards