first direct current account switch 30 December 2014 at 4:00PM edited 30 November -1 at 1:00AM in Budgeting & Bank Accounts 6 replies 902 views

kemp596

Hi I have recently opened a current account with first direct through this site so will get £125 for switching I am now going to start the actual switch from my current bank TSB, I have 3 current accounts with TSB, a graduate acc thats overdrawn (no interest till 2016) a TSB plus thats got £2000 in it, and a normal current acc that im wanting to switch, If i switch this acc to first direct will the other 2 accounts close aswell or just the one with the details I give to first direct ?

Thanks

EarthBoy

Only the one that you give them the details for.

kemp596

ok thanks for that !!

Ed-1

kemp596 wrote: »

Hi I have recently opened a current account with first direct through this site so will get £125 for switching I am now going to start the actual switch from my current bank TSB, I have 3 current accounts with TSB, a graduate acc thats overdrawn (no interest till 2016) a TSB plus thats got £2000 in it, and a normal current acc that im wanting to switch, If i switch this acc to first direct will the other 2 accounts close aswell or just the one with the details I give to first direct ?

Thanks

What's the overdraft limit on the graduate account out of interest?

kemp596

Ed-1 wrote: »

What's the overdraft limit on the graduate account out of interest?

im on my second year of having a graduate account so its now at £1500 interest free, next year it will drop to £1000 interest free.

StephenJWoods

I think graduate account will also be good, otherwise the previous one is the best option.

planteria

yes, just take advantage of the best terms from each bank..

keep the 0% overdraft, and you might aswell leave it as high as the 0% limit..

and if you can afford to, FD's Regular Saver, paying 6%, is market leading.