'How much is in your bank account?' poll discussion

edited 14 July 2009 at 3:58PM in Money Saving Polls
58 replies 6.7K views
Former_MSE_LawrenceFormer_MSE_Lawrence Former MSE
975 Posts
edited 14 July 2009 at 3:58PM in Money Saving Polls
Poll between 6-14 July 2009:

How much is in your bank account?


Properly managing your bank account is crucial; put too much in and you’ll miss out on the interest you could be earning in a Top Savings account, while go heavily overdrawn and you’ll be hit by interest and Bank Charges.

So how much is in your current account today – roughly?

A. I don’t have a clue - 0% (81 votes)
B. In Credit: Over £10,000 - 7% (1466 votes)
C. In Credit: £5,001-£10,000 - 5% (1178 votes)
D. In Credit £2,501 - £5,000 - 8% (1792 votes)
E. In Credit £1,501 - £2,500 - 7% (1608 votes)
F. In Credit £1,001 - £1,500 - 7% (1491 votes)
G. In Credit £501 - £1,000 - 12% (2594 votes)
H. In Credit £101 - £500 - 16% (3603 votes)
I. In Credit £0 - £100 - 9% (1884 votes)
J. Overdraft WITHIN limit £0 - £100 - 2% (517 votes)
K. Overdraft WITHIN limit £101 - £500 - 6% (1303 votes)
L. Overdraft WITHIN limit £501 - £1,000 - 5% (1204 votes)
M. Overdraft WITHIN limit £1,001 - £2,000 - 7% (1486 votes)
N. Overdraft WITHIN limit more than £2,000 - 3% (687 votes)
O. Overdraft OVER limit – total overdraft £0 - £100 - 0% (86 votes)
P. Overdraft OVER limit – total overdraft £101 - £500 - 1% (162 votes)
Q. Overdraft OVER limit – total overdraft £501 - £1,000 - 1% (160 votes)
R. Overdraft OVER limit – total overdraft £1,001 - £2,000 - 1% (306 votes)
S. Overdraft OVER limit – total overdraft more than £2,000 - 2% (411 votes)

Voting has now closed, but you can still click 'post reply' to discuss below. Thanks :)

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Replies

  • M. Within my overdraft limit, but overdrawn. My limit is between £1,100 and £2,000 but nearer the lower end of the spectrum.

    I do have a massive amount in my ISA...36p!! :D

    Edit: I wonder how many others will be brave enough to actually post...there's been a lot of votes already....
  • fendi-bag-ladyfendi-bag-lady Forumite
    198 Posts
    Part of the Furniture 100 Posts Combo Breaker
    Forumite
    I have 3 current accounts. Can I vote for each of them?
    Bills account - H £310.63
    Everyday account - I £10
    Overdraft account - N £2,334.02

    xx
  • within overdraught limit of £100 on my account
    within overdraught limit of £500 on joint account (no where near the limit, just about £40 into the limit)

    expensive month so far and prefer to keep money in savings account rather than in current account and have a strict budget which will mean me spending less on my treats next month and reducing the food budget slightly to get both the accounts back in credit.
    Debt free 3 years early :j
    Savings for house deposit - very healthy

    Cash back earnt so far £14.57
  • MadMac_2MadMac_2 Forumite
    1.2K Posts
    Well, just talking about current account then not a huge amount, but that is because I regularly squirrel away the excess to a savings account! Well, I say excess when I mean I haven't been tempted by shoes or bags all month :D
  • I have just over £200 in my current account. The rest of my money is dotted in ISAs and Easy-Access Savings Accounts.
    Saving for a house deposit and associated costs:

    £7750/£30000 = 25.83%
  • fluctuates between £2500 at the beginning of the month (on purpose) to about £500 at the end of the month. Never more that 2500 as I have an A&L account paying 6% up to £2500. Usually, 2500 on 24th (pay day), £700 on 1st when all the bills come out, 500 on 23rd!

    What ever is left over before pay day goes into cash ISA until full, then lump sums onto mortgage to complement regular payments of what ever is left (usually nothing!!)
    Mortgage £120K, monthly overpayment £600, 18 years and £100K saved
  • PrinzessileinPrinzessilein Forumite
    3.3K Posts
    Part of the Furniture 1,000 Posts
    My overdraft is receding steadily. I am currently on Incapacity benefit, which makes things difficult.....but the plan is to be overdraft free by the end of September!
  • StinkybellStinkybell Forumite
    193 Posts
    Poll part 2 - how many people have answered the poll and then gone and actually checked their account to see if they were right!?
    Chipping away at the mortgage...
    2013:£419k @ 3.14%
    2016:£385k @ 1.79%
    2019:£275k @ 1.84%
    2024: ??
  • Stinkybell wrote: »
    Poll part 2 - how many people have answered the poll and then gone and actually checked their account to see if they were right!?
    :rotfl::rotfl::rotfl:
    'We are all in the gutter, but some of us are looking at the stars' - Oscar Wilde
  • davidmt83davidmt83 Forumite
    2.5K Posts
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    What an interesting poll!

    Personally I have a couple of hundred in my current account after bills / savings go out near the start of the month. I like to leave a buffer there for emergencies but if needs be I'll use some of the interest free part of my overdraft too.
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