is £2000 in a savings account alot will the bank think im a good customer

dave0000

im saving up and almost have 2000
is £2000 alot to have saved up
would the bank consider me a good customer

Pee

I should think they are perfectly happy with you, and well done you, but I think they may have a few bigger investors..

furndire

It depends how you put the money in as well. If you have gradually managed to get to that amount by regular saving, I would think that will stand you in better light than by just putting it in the bank at one go.

bryanb

The main thing is to be sure you don't go in the red if you have a current account with them. If only a saving account they like to see money going in regularly. Are you planning to ask them for a loan?

nzseries1

This day and age, there are people who constantly have no more than pennies in the bank, and there are people who have 8 or 9 figure amounts in the bank.

So therefore, that amount is good if you think it is. I personally think it's great.

dunstonh

would the bank consider me a good customer

To be honest, you wouldnt even make their radar.

£2000 is piddly in the real world I'm afraid. Even at £20k in the bank you wouldnt really make their radar.

aliasojo

Are you asking because you want to apply for something like a credit card or loan?

If so, it's not so much about the amount of money you have with them but more about your ongoing account management.

So if you save regularly (which you obviously have), don't go overdrawn on a current account and dont write cheques that you cant cover or have direct debits etc coming out that you dont have money for, then you should be seen as a good enough customer.

I cant think of another reason why you would care if you were seen as a good customer or not.

But in the whole scheme of things £2000 is a drop in the ocean to them even although it is a lot to you.

GucciMane

They don't really want your £2000. What they want more is for you to be a customer with them for the rest of your life. unfortunately then they'll try to get a mortgage or some life insurance out of you.

opinions4u

dave0000 wrote: »

im saving up and almost have 2000

Good man! Keep going - it makes life easier.

is £2000 alot to have saved up

It depends. Most 'experts' would say you should have 3 months salary saved to cover unexpected events like illness or loss of job.

If you take the average net pay as being around £1,600 a month, you probably need to have around £5,000 stashed away as a guide.

would the bank consider me a good customer

They'll take you for granted. That's what banks do. If you leave the money where it is the rate will gradually become less competitive and they won't be writing to you telling you to shift it!

Will it make you more likely to be able to access credit products? Probably.

Money_Grabber13579

GucciMane wrote: »

They don't really want your £2000. What they want more is for you to be a customer with them for the rest of your life. unfortunately then they'll try to get a mortgage or some life insurance out of you.

Think the way the banks are at the moment, they're grateful for any amount they can get! They need it to pay all the bonuses and Sir Fred's pension!

libra10

It doesn't appear to me that banks or building societies are grateful for savings received. If they are their current savings rates don't reflect this.