Switching to new online saver

rufus86

I have £17,000 in an e-saver and the bonus ends in 2 weeks.

I've got other saving using up my ISA allowance so want to maximize interest on this without having to lock it away. Any better solutions than a regular online saver? Any loopholes I'm missing that I should be exploiting? With quite a large sum, even the difference between 0.5% is quite a bit of extra free cash

Gromitt

How much is your "regular online saver" getting you?

innovate

Look for posts about Lloyds/BoS Vantage, Santander 123, FD Regular Saver, dripfeed

andrea_louise

I have a Santander 123, £2.00 a month fee, but by transferring sky, BT, O2, gas, electric, water and council tax direct debits, the percentage income from the direct debits is higher than the £2 fee. Plus 3% interest on balances over £3k (up to 20k). I also have a first direct regular saver which will average 4% over the 12 months.... By which time, the savings rates MAY have increased.

andrea_louise

If you go for the Santander 123, don't forget quidco/topcashback to open your account. I received £55 cash from quidco for opening mine.

andrea_louise wrote: »

I have a Santander 123, £2.00 a month fee, but by transferring sky, BT, O2, gas, electric, water and council tax direct debits, the percentage income from the direct debits is higher than the £2 fee. Plus 3% interest on balances over £3k (up to 20k). I also have a first direct regular saver which will average 4% over the 12 months.... By which time, the savings rates MAY have increased.