bank accounts without £1000 monthly deposit

mikey35

hi,
I am self-employed and therefore can not always guarantee the monthly deposit of £1000 necessary for a high interest deposit account. However, over the year I can earn up to £24000. I am in search of a bank account (with no fee) where I can earn a high rate of interest and pay my bills via direct debit. Any ideas?
Regards
Mikey35

rb10

With the Halifax Reward account there is no penalty for not paying in £1k in a month. You just don't get the fiver that month. If, the following month, you do pay in £1k, then you'll get it then.

(Note that all credits to the account count towards the £1k - so if you won't meet the requirement from earnings, just transfer £1k out and back in again, that'll qualify).

YorkshireBoy

And if you have a partner get them to open one as well.

Then, when you've done that, open a joint account.

That's £15 per month, or £180 per year.

You won't find a better "high rate of interest" current account!

BargainGalore

Thats was what I do. transfer 1k across each account takes 5 minutes work login in to all 3 accounts

YorkshireBoy wrote: »

And if you have a partner get them to open one as well.

Then, when you've done that, open a joint account.

That's £15 per month, or £180 per year.

You won't find a better "high rate of interest" current account!