effective way to earn the most interest

Alex92_2

innovate wrote: »

Why not keep the £2.5K in a 5% Flexdirect?

RoxRoxBling wrote: »

Because I don't have a flexdirect?

hahahahaha!

RoxRoxBling

Dizzy moments. .

RoxRoxBling

Well that solves that problem...
Just applied online to Nationwide flexdirect and they rejected me :mad: :mad: :mad:

Looks like its my original plan.
Keeping money in the regular saver at 4% (before tax) then anything additional gets moved to ISA 2.5% and anything extra is earning next to no interest.

Is 4% (before tax) more than an isa 2.5%, for a basic tax payer?

YorkshireBoy

RoxRoxBling wrote: »

Is 4% (before tax) more than an isa 2.5%, for a basic tax payer?

What's the savings interest tax rate (as a percentage)?

RoxRoxBling

Think its 3.2% net

But I'm only limited to saving 250/month, where on the isa I can save up to 480/month

poolforever

Re the Nationwide. That's worth up to £125 a year if your balance is £2,500 in credit.

With the Halifax current acc you get £100 for joining plus £5 a month = £160 a year.

RoxRoxBling

poolforever wrote: »

Re the Nationwide. That's worth up to £125 a year if your balance is £2,500 in credit.

With the Halifax current acc you get £100 for joining plus £5 a month = £160 a year.

I know. Nationwide have rejected me, and I applied for the Halifax one a while ago and they rejected me. :mad::(
Think its something to do with my credit rating (wouldn't even go there)