isa or current accounts for savings ?
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the first direct pays the interest monthly I believe so £90 in the year after tax, where as the £3600 in a 4% account would earn £115 interest in a year ?
Both figures are AERs...so you can compare like for like. And 6% AER is always going to return more interest than 5% AER, eg with TSB, (or 4% as in your example above).
And your FD regular saver pays interest at the end of the year. Maybe (re)familiarise yourself with the T&Cs?
So you have £300 a month to save. Your choice is whether to save it in an account paying 6% AER or an account paying 45% AER. It really is as simple as that.0 
the first direct pays the interest monthly I believe so £90 in the year after tax, where as the £3600 in a 4% account would earn £115 interest in a year ?
http://www.moneysavingexpert.com/savings/bestregularsavingsaccounts?_ga=1.228673301.848687664.1419141137#calculator
There's not much in it but since the OP has a First Account anyway it would seem a shame not to take advantage0 
YorkshireBoy wrote: »You don't earn interest on money not yet saved!
Both figures are AERs...so you can compare like for like. And 6% AER is always going to return more interest than 5% AER, eg with TSB, (or 4% as in your example above).
And your FD regular saver pays interest at the end of the year. Maybe (re)familiarise yourself with the T&Cs?
So you have £300 a month to save. Your choice is whether to save it in an account paying 6% AER or an account paying 45% AER. It really is as simple as that.
I do have the £3600 now, i was going to pay it in monthly to the regular saver as it was 6%pa the interest pays at the end of the year, but it is calculated Daily, so for the first month it would be 6% of £300, where as in the club lloyds account be 4% on £3600 in the first month, which is obviously more ?!0 
I do have the £3600 now, i was going to pay it in monthly to the regular saver as it was 6%pa the interest pays at the end of the year, but it is calculated Daily, so for the first month it would be 6% of £300, where as in the club lloyds account be 4% on £3600 in the first month, which is obviously more ?!
How much cash have you got now? £4.1K?...£7.7K? (£4.1K + £3.6K)?...Or what?0 
YorkshireBoy wrote: »You're not being very clear with things, unless I'm being particularly slow today!
How much cash have you got now? £4.1K?...£7.7K? (£4.1K + £3.6K)?...Or what?
i probably havent been clear earlier, I have a total of 9k in cash, 5k of which I was looking at paying into two high interest current acc, and 3600 i was going to use to pay 300 a month into the FD regular saver, and £400 to keep to pay off some graduate account OD.
Therefore saving a total of £3600 in the FD RS at 6% would earn £93 at the end of the year after tax, where as putting the whole £3600 into club lloyds at 4% would earn £115 after tax.0 
i probably havent been clear earlier, I have a total of 9k in cash, 5k of which I was looking at paying into two high interest current acc, and 3600 i was going to use to pay 300 a month into the FD regular saver, and £400 to keep to pay off some graduate account OD.Therefore saving a total of £3600 in the FD RS at 6% would earn £93 at the end of the year after tax, where as putting the whole £3600 into club lloyds at 4% would earn £115 after tax.
£3,600 x 6% / 12 x 6.5 = £117
Plus
£3,600 x 5% / 12 x 5.5 = £82.50
So a total of £199.50 gross (£159.60 after BR tax deducted), which is an aggregate 199.50 / 3,600 x 100 = 5.54% gross.0
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