The Best RSA Feeder Account?

max2002ad

I used to save in Regular Savings Accounts and then other prioritys came about. i would like to start again but i don't know who i should have my feeder account with.
It needs to be a good rate of interest and allow transfers to other organisations not just a linked bank account.

Thanks for the help!!

Jonbvn

Max,

There was a good thread on regular savers recently.

HTH

anniecave

when you say feeder account, I'm not sure what you mean? Why not just transfer money from your current account to the regular savings account(s)?

Special_Saver2

anniecave wrote: »

when you say feeder account, I'm not sure what you mean? Why not just transfer money from your current account to the regular savings account(s)?

Imagine you won £10,000 on the lottery (or Premium Bonds) and you wanted to stash the money in some of these regular savings accounts that are paying really high interest rates. You would put the money in a savings account that has a high interest rate and drip-feed the money into multiple regular savings accounts each month. You would want to choose the best possible savings account for this purpose - one with a high interest rate which allows transfers to regular savings accounts to be set up. You would not be able to use ICICI HiSave or Alliance & Leicester Direct Saver accounts for this purpose.

To prevent duplication, I would suggest continuing this discussion in this thread, where I have asked the same question:

http://forums.moneysavingexpert.com/showthread.html?t=483531