£12000 very short term investment

harvey1964

Thanks to,the idiots who hi jacked my thread posting a load of rubbish. Also thanks to the people who posted genuine helpful threads

Archi_Bald

harvey1964 wrote: »

Which account gives you 3% interest . Don't think I could be bothered with a load of hassle

You realise you have asked the guy who posted copious misinformation throughout the thread?

harvey1964 wrote: »

Thanks to,the idiots who hi jacked my thread posting a load of rubbish.

And call others idiots?

I rest my case.

redux

harvey1964 wrote: »

Which account gives you 3% interest . Don't think I could be bothered with a load of hassle

Before slagging off too many people, go back and read some other replies again.

4 and 5% are possible, and without the bank charges or glacial transfer speeds that one person on this thread invented.

N1AK

Ryan_Futuristics wrote: »

Santander - sorry .. Current accounts aren't my thing (as you've noticed)

Yet you don't have the good sense to keep your opinion on subjects you don't have a clue about to yourself...

N1AK

harvey1964 wrote: »

Which account gives you 3% interest . Don't think I could be bothered with a load of hassle

That information has already been shared in this thread. I'd be more helpful, but as you've decided to start calling people idiots I'll see if you're capable of finding it for yourself.

gkerr4

colsten wrote: »

exactly what other than current accounts would be most appropriate in your view for someone who is going to spend their money over the next few months?

I was agreeing with the general principle - i think there are other options depending on the level of risk. Otherwise, there are a host of "no maintenance" approaches.

lets face it - its only 12k, and its only a few months - even if the op puts it in a tesco bag under the bed, he / she is only missing out on a few quid!

jimjames

gkerr4 wrote: »

I was agreeing with the general principle - i think there are other options depending on the level of risk. Otherwise, there are a host of "no maintenance" approaches.

lets face it - its only 12k, and its only a few months - even if the op puts it in a tesco bag under the bed, he / she is only missing out on a few quid!

Unless it gets nicked!

Putting it into anything that doesn't offer full FSCS protection just seems crazy when it is a known amount required and like you say the difference between a protected and non protected option is only a few quid.

Johnny_Doe

Santander 123 account is actually only 3% on balances BETWEEN £3k and £20k

http://www.santander.co.uk/uk/current-accounts/123-current-account

guymo

Johnny_Doe wrote: »

Santander 123 account is actually only 3% on balances BETWEEN £3k and £20k

http://www.santander.co.uk/uk/current-accounts/123-current-account

They pay 3% on your entire balance if the balance is between £3000 and £20,000.

The terms are confusing for balances over £20,000:
http://www.santander.co.uk/csdlvlr/ContentServer?c=SANDocument_C&pagename=WCSUKPublicaLte%2FSANDocument_C%2FSANDocumentPreview&cid=1324575553949

No interest is earned when your balance is below £1,000 or over £20,000. We work out interest on your daily balance on the first £20,000 only and pay interest every month.

My guess is that the 3% still applies to the first £20,000 even if you have £20,001 but that is not what the first sentence in the quote above says.

Johnny_Doe

I stand corrected, Thanks for clearing that up!