Setting up multiple current account merry-go rounds

kmonahan

Hi all,

So I've been reading up on the top interest current accounts and have managed to set up:

1xLloyds
1xTSB
1xNationwide
1xHalifax

Now, I've set up standing orders between all of these accounts so that they are all funded and meet minimum requirements.

My question is to do with standing orders and weekends (or anomalies like February). The way I have set these accounts up is as follows:

23rd (or Friday before) of each month: Salary > Lloyds
24th: Lloyds > Nationwide
25th: Nationwide > TSB
26th: TSB > Halifax

If say, the 24th and 25th fell on a Saturday and Sunday (as they do this month). How do the standing orders work? Will all those standing orders happen then on the 26th?

I have maxxed out all the accounts to get the maximum interest, so I shouldn't be left short in any of them... but I don't want to miss out on a days interest because a standing order hasn't happened in time.

Can anyone shed some light on how this works?

Thanks!

mrssjs

kmonahan wrote: »

Hi all,

So I've been reading up on the top interest current accounts and have managed to set up:

1xLloyds
1xTSB
1xNationwide
1xHalifax

Now, I've set up standing orders between all of these accounts so that they are all funded and meet minimum requirements.

My question is to do with standing orders and weekends (or anomalies like February). The way I have set these accounts up is as follows:

23rd (or Friday before) of each month: Salary > Lloyds
24th: Lloyds > Nationwide
25th: Nationwide > TSB
26th: TSB > Halifax

If say, the 24th and 25th fell on a Saturday and Sunday (as they do this month). How do the standing orders work? Will all those standing orders happen then on the 26th?

I have maxxed out all the accounts to get the maximum interest, so I shouldn't be left short in any of them... but I don't want to miss out on a days interest because a standing order hasn't happened in time.

Can anyone shed some light on how this works?

Thanks!

You can just set the S/Os up all for the same day i.e 23rd

ceredigion

most if not all would do Halifax manually

TheTracker

Set SOs as "every 4 weeks" rather than "monthly" if you wish to avoid weekends.

[Deleted User]

I do all my money-go-rounds manually, just to be sure.

cheexy

billbennett wrote: »

I do all my money-go-rounds manually, just to be sure.

I do this too

TheTracker

At a guess my merry go round is 400-500 SO/year. None of them have ever been missed.