We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Best way to transfer money out of Sandander?
Comments
-
To avoid slippy fingers when entering sort codes and account numbers, first copy/paste those numbers from the relevant online account into a text editor (eg Notepad), then copy/paste from there to the online transfer form, double checking every time, of course.
Personally, in your position, I'd be looking at
Nationwide FlexDirect (£2500 @5%)
TSB Plus (2x£2000 @5%)
Club Lloyds (£5000 @4%)
Santander 123 (£20000 @3%)
before anything paying less than 2%.
Setting up the DDs, and SOs to shuffle money about to meet the conditions is not exactly onerous, and only needs to be done once (for each movement)
Good plan and I have similar accounts.
However many of mine are maturing now and I find I luckily have so much money that this is becoming a REAL pain. I would honestly like to close half my accounts and put all the money in just a select few accounts. Can't risk putting too much on the stock market though the £15k ISA allowance is tempting. EDIT - plus, the interet on these accounts is really bad if you're a higher-rate taxpayer - not worth it!0 -
If you have spare cash and are a higher rate tax payer, could you consider making extra payments into your pension? This might even bring you back into the basic rate tax band.0
-
I plan to do that... I think...!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards