Post graduation 'grown up' banking

Logie143

Hi all,
Haven't posted on here for a while. Came into some good fortune over Christmas and apart from my student loan and car (pretty decent monthly payments) I have no debt. No credit cards, and no overdraft.

Which is nice.

I have started to reign in my spending habbit and have saved about 1k in the last few months. I currently have a Natwest Grad account, which has 0% interest, and a 2k overdraft facility, which is supposed to reduce gradually- but it is fully paid anyway.

So, is there anything I can get that will be better for my money? I get a decent amount a month, and hope to gradually build up a bit of a cushion in my account on top of my e-ISA I have with Natwest. or do I sit tight for a bit?

Any help would be gratefuly appreciated.

CLAPTON

what interest rate are you getting for your savings?

I would suggest you get a credit card; used wisely this will build up a good credit rating which will help you get a mortgage in due course; use it regularly for things you buy anyway and pay in full each month - set up a DD for the full amount so you never forget to pay

Logie143

Clapton-
You're suggestion is a good one...but not for me. I actually have a credit card, which is in a positive balance, annoyingly. To be honest I am terrible with money- and the temptation of a large credit card is too much for me. If I don't have it, I won't spend it. I have a fairly good rating, as I have never missed a payment on my credit cards in the past, and have had quite a few contracts with no defaults on.

I think the ISA is 2%

CLAPTON

Logie143 wrote: »

Clapton-
You're suggestion is a good one...but not for me. I actually have a credit card, which is in a positive balance, annoyingly. To be honest I am terrible with money- and the temptation of a large credit card is too much for me. If I don't have it, I won't spend it. I have a fairly good rating, as I have never missed a payment on my credit cards in the past, and have had quite a few contracts with no defaults on.

I think the ISA is 2%

very confusing as you said that you had no credit cards

first thing then is to move your 2% ISA to a decent rated one .. look for 3% ISAs that allow transfers in.

once you have used up your ISA then put it all in the best saving a/c you can find

Logie143

Sorry, I meant no outstanding credit cards.

I had an Egg card, which is now paid off and cancelled and a Natwest student CC, which I owe nothing on but still have.

I will look at a better ISA tonight, cheers. Know of any good ones?

Lokolo

Halifax one at 3%

http://www.halifax.co.uk/savings/accounts/cash-isas/isa-direct-reward/