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Which current account?

ipri
ipri Posts: 649 Forumite
in Savings & investments
Hi...I'm maxed out with ISAS....need to put as quite a lot somewhere. Seems current ac. is best place at the moment. I've looked at some but have quite low limits. What would be best? thanks.

Comments

  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    This, plus 3 x BOS Vantage. Cillions of posts on all these on the forum.
  • Kendall80
    Kendall80 Posts: 965 Forumite
    Ninth Anniversary 500 Posts Name Dropper
    The Lloyds account has a decent limit of 5k for the 4% rate. 1 single and 1 joint if you can to store 10k.


    Santander 20k @ 3% - again 1 single and 1 joint.


    TSB 2k @ 5%


    Nationwide 2.5k @ 5%


    I think those are the best current account options available right now. All rates gross.
  • ipri
    ipri Posts: 649 Forumite
    I need to put about 50K somewhere.....Only on v. poor rate in Halifax.
  • B_G_B
    B_G_B Posts: 502 Forumite
    edited 11 November 2014 at 2:03PM
    ipri wrote: »
    I need to put about 50K somewhere.....Only on v. poor rate in Halifax.

    If you are single, the accounts already mentioned by other posters will take care of £[STRIKE]44500[/STRIKE]. If you are a couple, including joint accounts, that figure jumps to over £100,000.

    You may also like to consider feeding regular savers, i.e. First Direct, Club Lloyds, HSBC.

    Edit... See Yorkshireboy's post (6). I forgot about Tesco's.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 11 November 2014 at 11:32PM
    Re current accounts, if you're on your own:

    £2K @ TSB
    £2.5K @ Nationwide*
    £5K @ Lloyds
    £20K @ Santander
    £15K @ BoS
    £6K @ Tesco
    £50.5K total (9 accounts)


    If there are 2 of you:

    £6K @ TSB
    £7.5K @ Nationwide*
    £15K @ Lloyds
    £60K @ Santander
    £30K @ BoS
    £12K @ Tesco
    £130.5K total (22 accounts)


    All making 3-5% AER




    * 12 month introductory 5% AER (falling to 1% AER thereafter).
  • badger09
    badger09 Posts: 11,814 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    YorkshireBoy wrote: »
    Re current accounts, if you're on your own:

    £2K @ TSB
    £2.5K @ Nationwide
    £5K @ Lloyds
    £20K @ Santander
    £15K @ BoS
    £6K @ Tesco
    £50.5K total (9 accounts)


    If there are 2 of you:

    £6K @ TSB
    £7.5K @ Nationwide
    £15K @ Lloyds
    £60K @ Santander
    £30K @ BoS
    £12K @ Tesco
    £130.5K total (22 accounts)


    All making 3-5% AER


    Good summary.

    Might be worth mentioning that the Nationwide 5% is for 12 months only :(
  • B_G_B
    B_G_B Posts: 502 Forumite
    YorkshireBoy wrote: »
    Re current accounts, if you're on your own:

    £2K @ TSB
    £2.5K @ Nationwide
    £5K @ Lloyds
    £20K @ Santander
    £15K @ BoS
    £6K @ Tesco
    £50.5K total (9 accounts)


    If there are 2 of you:

    £6K @ TSB
    £7.5K @ Nationwide
    £15K @ Lloyds
    £60K @ Santander
    £30K @ BoS
    £12K @ Tesco
    £130.5K total (22 accounts)


    All making 3-5% AER

    Nicely listed YB. I forgot about Tesco's. Holds his head in shame.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    B_G_B wrote: »
    I forgot about Tesco's. Holds his head in shame.
    No need to. Tesco hadn't been mentioned prior to your post, so your £44.5K figure was, in fact, correct. :)
  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    YorkshireBoy wrote: »
    Tesco hadn't been mentioned prior to your post

    /pedant mode on

    In post #2, I did link to info that included Tesco and all the numbers. Seems nobody read any of it though, lol.

    /pedant mode off
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Archi_Bald wrote: »
    /pedant mode on

    In post #2, I did link to info that included Tesco and all the numbers. Seems nobody read any of it though, lol.

    /pedant mode off
    Sorry. :)......
This discussion has been closed.
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