Where to Go after TSB?

berserker

So my wife and I just filled our 2 TSB accounts.

Just wondering which bank is best for interest rate next?


i'm sure there was a post on a good order to do them but cant find it

Fruit_and_Nut_Case

berserker wrote: »

So my wife and I just filled our 2 TSB accounts.

Just wondering which bank is best for interest rate next?


i'm sure there was a post on a good order to do them but cant find it

Club Lloyds 4% possibly.

Paul_1977

Santander 123

Archi_Bald

I love the Santa 123 but it would be one of the last accounts I would use for savings.

Lloyds, Tesco, BoS are all paying better rates, and for regular monthly savings, the FD/M&S/HSBC regular savings accounts are unbeatable.

TartanSaver

Nationwide flexdirect £2500 5% for a year, if you haven't done it already. Only matched by TSB and only beaten by the 6% savers mentioned above.

n15h

berserker wrote: »

Just wondering which bank is best for interest rate next?

Depends what you want to do with your money - instant access, locked away, ISA / Tax free earnings, Peer to Peer, etc.

Nationwide offers 5% interest on their Flexaccount - http://www.nationwide.co.uk/products/current-accounts/our-current-accounts/overview#xtab:account-that-pays-interest

M&S Bank offers 6% on a Savings account which is only provided if you open their current account. Plus if you switch your bank account to M&S, you also receive a £100 gift voucher - http://bank.marksandspencer.com/banking/mands-current-account/overview/

Tesco offers 3% upto £3000 plus clubcard points for your spending - http://www.tescobank.com/current-accounts/index.html

FirstDirect's 1st Account offers £125 for switching to them (and £100 additionally if you don't like them) - http://www2.firstdirect.com/1/2/banking

There's a MSE Article which may help - http://www.moneysavingexpert.com/banking/compare-best-bank-accounts

Lastly, if you have over £70K, this article may be off interest to you - http://www.telegraph.co.uk/finance/personalfinance/savings/11113490/I-get-3pc-interest-without-tying-up-my-money-meet-the-ingenious-saver-with-11-current-accounts.html

Good luck :beer:

Paul_1977

Are there any other accounts that offer 3% on 20k apart from S123

n15h

Paul_1977 wrote: »

Are there any other accounts that offer 3% on 20k apart from S123

None. However, you can open one a/c under your own name and open a second a/c in joint name i.e. you & partner. That way if you use the 20K limit on one a/c, transfer the remaining balance to the other account. Both will then earn up to 3%!

YorkshireBoy

berserker wrote: »

So my wife and I just filled our 2 TSB accounts.

Up until yesterday you could have had 6 between you! Anyway, what's gone is gone now so...

5% @ TSB (Joint)
5% @ Nationwide* (£7.5K in total...but only for a year)
4% @ Lloyds (£15K in total)
3% @ BoS (£30K in total)

Come back when you've filled those.


* Applying the right way could make you an additional £250-300 (maybe even more) between you in incentive payments, thereby (at least) doubling your return over the 12 months!

Simon15

Are you allowed one more TSB? So one each, and one joint account between you?

berserker

Thanks all,

Aim is to use the accounts to put savings for paying off mortgage(without incurring early repayment costs).

Wife is opening accounts at this stage as she is lower tax bracket.

So any where upto 5 years fixed is an option on savings.