Help to choose a bank account based on salary

rb10

bronzie wrote: »

I dont know that there is anything wrong but thats what spurred this exercise I didnt want to presume, just want to make sure theres not some better account that open to me.

The only two decent current accounts available now are from Halifax and Santander.

The Lloyds Vantage accounts used to have a good interest rate, but you can now get higher rates on standard savings accounts, like the AA one that has been suggested.

I personally think that Santander have improved their service a lot recently, and are ok as a bank. But remember that their 5% interest rate only lasts for a year, whereas the Halifax fivers are ongoing.

Gromitt

bronzie wrote: »

problem there is they dont pay interest, I would be down £5 straight away. If I moved it would have to be better than what I have now

Who says you can only have one?

I'm with First Direct for my main account, but I also use Halifax for the free fivers and 2.8% Online saver. Takes all of 5 minutes a month to login and transfer 1K across the Halifax and then into the Online saver.

samwsmith1

Gromitt wrote: »

Who says you can only have one?

I'm with First Direct for my main account, but I also use Halifax for the free fivers and 2.8% Online saver. Takes all of 5 minutes a month to login and transfer 1K across the Halifax and then into the Online saver.

Same here

MsSupertech

Congratulations on the promotion or new job...
Why not stick with the account you've got if you're happy with it but arrange a DD or STO for the day after you're paid and sweep (some or all of) the extra income straight into a decent easy access savings account - assuming you don't NEED to spend it. That way you'll pause for thought before you do spend it too...