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Help With Bank Accounts

Hello. So i need some help as I'm looking for a auto split bank account, but it keeps cumulative in interest.

I.e i could have 10 bank accounts with a single bank, and they give me interest on the total sum of money from all the accounts. I would prefer not to have to change my mortgage over to the same bank but if it is the only way i may conciser it.

I remember Virgin money use to do something like what I'm looking for but i cant find a trace of it now.

I'm quite lost and all and every piece of help with this will be very much appreciated.

Many thanks Alex

Comments

  • Unless the interest rates are stepped there is only at most going to be 1p's advantage in having the interest applied on the sum rather than individual balances. So are you really just after a savings account that allows interest to be paid into a separate account? (assuming interest rate isnt stepped)

    May be easier to explain what you are really wanting to do/ why you need 10 accounts etc
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