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Help out an idiot
Comments
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If you've got all your details for the first one, then you should be able to open the second one. Use the same details as before, but DO NOT log into the TSB site before opening the second one. I did that, and it says you're not eligible or similar. Do it from the standard website and it lets you open the second one and then links them together as your accounts online.0
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Eric, TSB staff know we all do this, my advisor set up my 2nd acct for me, also another joint one with my OH, so in all we have 3 places to keep 2k. they dont care where the money comes in from!0
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You may prefer to open one account in one browser (e.g. Chrome) and the other account in another browser (e.g. Firefox) to keep details and account management separate.Q: What kind of discussions aren't allowed?
A: It goes without saying that this site's about MoneySaving.
Q: Why are some Board Guides sometimes unpleasant?
A: We very much hope this isn't the case. But if it is, please make sure you report this, as you would any other forum user's posts, to forumteam@moneysavingexpert.com.0 -
You said you were an idiot so perhaps this does need saying. If you have savings make sure you NEVER go overdrawn. The fees/interest will be far higher than any interest you are earning on even the best savings account.0
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Forgive my ignorance, but 5% of £2000 (or 4.89%) is, surely, more than £6.50 per month?
Am I being particularly stupid this morning?0 -
DiamondLil wrote: »Forgive my ignorance, but 5% of £2000 (or 4.89%) is, surely, more than £6.50 per month?
Am I being particularly stupid this morning?
Not after 20% BR tax it isn't
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Oh yes, of course - I was being particularly stupid after all.
In my defence, it's been a while since I had to consider tax.
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Are you saying your income is below the allowance threshold? If so, you would be able to receive the interest without tax deduction.DiamondLil wrote: »In my defence, it's been a while since I had to consider tax.0 -
Yes Archi Bald, that's my current position.0
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One thing I can't see is if the £200 is completely 'surplus' cash or if the OP is saving for a specific reason. Also, no mention of any pension.
If the £200 is 'free' money and you don't mind losing it for all intents and purposes until you are 55 then you could consider putting it into some sort of pension.
If a basic rate taxpayer £200 = £240/MONTH being invested (plus any interest or investment growth), if a higher rate taxpayer then it = £280/month.
Downside is it will be locked away and you won't be able to touch it until you are 55 at least.0
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