Problem with my savings plans

Burlesque_Babe

I've got £15,000 to divvy up.

I've put 3k in the NS+I ISA.

The plan was to move the rest to the ICICI hi-save account and then transfer £500 a month to the YBS 7% regular savings account.

Just been reading about ICICI though and it seems I can only transfer between ICICI and the designated linked current account I've used to verify my identity (where the money is currently sitting)

It seems if I move it to ICICI I can't then transfer it on to the YBS as it isn't a linked current account.

HELP!

I want to get this money working and am so looking for any suggestions of where I can move it to that will give a good return and I can then drip feed into the YBS each month.

Milarky

Egg pays 5.5%, cahoot pays 5.55 (on the lowest tier) on balances over £1. That's about 0.5% below ICICI but they both allow direct payment to any external account. Egg payments go straightaway, so only take two working days to reach (in this case) the YBS. Cahoot seems to take an additional day but has the feature (which Egg does not) of being able to set up payments for future dates - so you won't have to logon each time .

In November all payments, including those from ICICI should speed up anyway - so that you could then make payment to YBS (against your current account's overdraft limit, say) in the morning - it would arrive the same day, and then go to ICICI to send the funds to cover this back to your current account. Assuming payments from ICICI take 2 working days at the moment, the transfer would reach your current account the same day also.

anniecave

you could take a look at some of the other regular savers that are available as well. Some of them only last a year, but are worth it if you've got the cash spare.