Help for a Newbie :)

kemo_2002

Hi, i have around 8.5k, i was thinking about signing up to the lloyds vantage for the 4% interest, is this best to keep the whole 7K in here then save 1.5k elsewhere.

OR

invest 5k in lloyds and 2k in santander Preferred In-credit Rate account where i can get £100 sign-up bonus and 5% in-credit interest on the first £2,500

Is it worth me setting up a halifax account and transferiing 1k every month in and out to get the £5 a month as well, and also for my partner too?

Im trying the make the most out of account bonus and interest at the same time keeping my money relatively easy access

Any help on the best things to do would be greatfully recieved!

xrjtg

It sounds like you have the right idea. If you're happy with pinging the £1000 around every month then you may as well open the Halifax Rewards too.

kemo_2002

im just rly unsure if this is the right thing to do to maximise hte best rates. Ive never bothered with interest but now realise im missing out on free cash!

xrjtg

From the selection of accounts you've given, 2.5k in Santander and 6k in Lloyds Vantage, together with the Halifax Reward payments would maximise your interest payments. If it provides any extra reassurance then you've just brought the Santander account to my attention, and I may now open one—the Lloyds and Halifax bits are what I do already.

kemo_2002

is the idea of this to keep the accounts going or if say another one with another bank comes along in 4 months time with a higher rate, do u then move it?