Which current account?

ipri

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.

Archi_Bald

This, plus 3 x BOS Vantage. Cillions of posts on all these on the forum.

Kendall80

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

I need to put about 50K somewhere.....Only on v. poor rate in Halifax.

B_G_B

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

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

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

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

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

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

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. ......