There must be an easy way to do this :brainfail:

Tammy2

I currently have a total of £3700 in cash savings. £1995 is in TSB Plus (5%) and the remainder is in a Nationwide FlexDirect (5%).

Shortly I will be receiving a further lump sum of £5600. I already have a basic Lloyds account so am hopeful to be able to upgrade that to a Lloyds Club account (4%) and set up the required DDs. I'm assuming Tesco saving accounts are OK? (I've opened all these accounts relatively recently. Recent rejections from M&S and First Direct have put me off applying for a Santander 123).

The TSB requires £500 a month, The FlexDirect £1000 a month and the Lloyds Club £1500 a month.

I know that Lloyds and TSB will need to be fed by Nationwide, not each other. What is the easiest way of doing this, keeping TSB and FlexDirect maxed out (£2000 and £2500 respectively) and not letting the Lloyds Club drop below £4000? I'm getting in muddle :sigh:

Eco_Miser

Lloyds and TSB can be fed from each other, or even from other Lloyds and TSB accounts respectively, if you happen to have them.

Some months I just run £1500 round all my accounts, picking up the interest on the way, other months, just £1000, then send an extra £500 to Lloyds (where £400 goes into the Monthly Saver). It depends on what incomings and outgoings I have that month, both are somewhat irregular.

All done on the same day, and it's only the end-of-day balance that matters, although I would avoid going overdrawn, just in case.

Jsscmm

The key points are that those three will all see each other as external and those are minimum funding amounts... A three way SO loop for 1500 a month would do it all, excluding interest (and dds, which as you say tesco would do)

Tammy2

Thank you both. I had no idea TSB and Lloyds would be seen as external. That is good news, and the Tesco DDs