Current Accounts for Savings - Excess Money over Max Amount for Interest

jimjames

20vt-rs wrote: »

Ok thanks for clarifying, what other 5% accounts are there? I'd have the maximum 2x tsb's. Is it the flex direct account you mean which is 5% for 12 months? I'm after a longer term one if poss...

How much longer term are you after?

20vt-rs

jimjames wrote: »

How much longer term are you after?

I'd say at least 24 months, but I'd really like something with no time limited bonus rate.

MARTYM8` wrote: »

TSB Classic plus - you only need to pay in £500 a month and no DDs required but the 5% is paid on balances up to £2,000 only.

http://www.tsb.co.uk/current-accounts/classic-plus-account/

Hi, I'll already have two of those so they are utilised!

YorkshireBoy

You aren't yet fully utilising TSB.

20vt-rs

YorkshireBoy wrote: »

You aren't yet fully utilising TSB.

Am I not? I am sure I read in the T&C's I can only have one sole and one joint account (I opened the sole account in Nov last year). If I have missed something that would be much easier and better!

Shiver

Hi. I've recently opened a Tesco Current Account for savings and just applied for a second account. Can I move the >£700 around internally to avoid the account fee or do I have to fund it externally? I've just been through the website & PDF T&Cs and cannot see (or have missed) anything saying it cannot be internal. I could fund externally but a revolving £1k within the accounts would be easier to manage. Any help appreciated. Cheers - S.

ffacoffipawb

Shiver wrote: »

Hi. I've recently opened a Tesco Current Account for savings and just applied for a second account. Can I move the >£700 around internally to avoid the account fee or do I have to fund it externally? I've just been through the website & PDF T&Cs and cannot see (or have missed) anything saying it cannot be internal. I could fund externally but a revolving £1k within the accounts would be easier to manage. Any help appreciated. Cheers - S.

Been doing mine internally and not been charged any fees.

jennifernil

Archi_Bald wrote: »

Not at Nationwide and Santander. You will get no interest if you do not follow the T&Cs.

But it would be fine to swap money between e.g. the FlexDirect and the 123.

Sorry, I wasn't clear, I was only referring to the TSB accounts mentioned.

YorkshireBoy

Shiver wrote: »

I've just been through the website & PDF T&Cs and cannot see (or have missed) anything saying it cannot be internal. I could fund externally but a revolving £1k within the accounts would be easier to manage. Any help appreciated.

See the T&Cs, top of page 6.

Shiver

ffacoffipawb wrote: »

Been doing mine internally and not been charged any fees.

Thank you. :beer:

Shiver

YorkshireBoy wrote: »

See the T&Cs, top of page 6.

Hi, thanks. I think that that only refers to the different ways you can pay money into the account, it doesn't say specifically that funds paid in that way would satisfy the transfer requirements to avoid the £5 monthly fee. Hopefully ffacoffipawb's post above has answered my question. Thanks again.