Fully optimised? Feeling the loss.

secondtoughest

This is a very inspiring thread! Will bookmark for reference :T

DStu

bolzano wrote: »

Regular savers:
FD x2, HSBC advance x2, M&S x2, Club Lloyds x2, Halifax children x1

Norwich & Peterborough Building Society have a 4% regular savers. You'll obviously need an account with them, but their Gold Classic account is good to have anyway, with free transactions and withdrawals worldwide.

secondtoughest

Can I ask what method you used to switch the accounts? For example I've just opened a Halifax reward account using a barely used bank account of mine but next time I switch I won't have an account I want to close?

YorkshireBoy

secondtoughest wrote: »

Can I ask what method you used to switch the accounts? For example I've just opened a Halifax reward account using a barely used bank account of mine but next time I switch I won't have an account I want to close?

So open one you do want to close, a so-called donor, or sacrificial, account.

secondtoughest

Oh I see, open it and put my 2 little Tesco online saver direct debts on it? I'll get right on it!

YorkshireBoy

secondtoughest wrote: »

Oh I see, open it and put my 2 little Tesco online saver direct debts on it? I'll get right on it!

Does the switching incentive you're going for demand DDs? As far as I'm aware, only Co-op and Nationwide (via their RAF scheme) do. For the others, its a very simple process indeed, so why mess around with DDs?

[Deleted User]

bolzano wrote: »

Already get the Halifax fivers. Not married - just done the calculation and the projected tax gain is less than the cost of a registry office wedding. Will investigate Morrisons vouchers.

How much would a registry-office wedding cost? The tax gain should be £212 a year.

colsten

billbennett wrote: »

How much would a registry-office wedding cost? The tax gain should be £212 a year.

£212 won't see you very far when you need a divorce

DreamerFTB

Out of curiosity, what is your total investment and your total net interest rate?

bolzano

DreamerFTB wrote: »

Out of curiosity, what is your total investment and your total net interest rate?

Right now savings are getting 3.8% net on £43,800. The rate should go up significantly as more is siphoned from Santander into the regular savers though. By July about 4.4% I think.