Current Acccount Needed

matty17r

Hi everyone,

I would like some advice. I have just finished my degree course at uinversity and will be starting a new job in 3 weeks, it pays just over 20k a year, which will work out at just over £1200 net a month I believe I need an account that I can have direct access to and the minimum balance is £1. I have a current account with Barclays, have explored their 10% account, but you can't make any withdrawals, and you can only pay in £250 a month. I expect I will be able to pay in a large proportion of my earnings because I am still living at home with my parents.

Would be greatful for any advice on best accounts at moment,

Many Thanks,

Matt

Midas

The 10 % account you refer to is a regular savings account which is in addition to your current account - You therefore don't need a different current account, just somewhere to invest your spare cash.

I would suggest that as you bank with barclays you may as well open a regular saver with them - note that you have to pay in the same amount every month and will lose the interest if you don't let it run for the full term.

If you still have cash to invest after putting the maximum £250pm into the regular saver, you could either open another regular saver with a different institution, or stick it in a mini cash ISA which would be more flexible and tax free.

pennies2pounds_3

Hi there. At the moment I believe the Alliance and Leicester account account is one of the best ones. The in credit interest rate is quite high (check the best current accounts http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1130840242,33516,) . They also do a regular saver of 10% which you can save up to £250 a month in . If you are going to open an account with A+l the best way to do it is through quidco.com . You will get £50 for opening it from them and if you ask me to refer you, you will get another £50 for opening it and another £40 back from me!. See the earn up to £125 thread on here . Hope this helps and let me know if you want any more info.

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I don't know if this will be of any use to you but I thought i'd try anyway. See my post on the following page for details of a monthly saver with a current account option.

http://forums.moneysavingexpert.com/showthread.html?p=2335943#post2335943

Nathan