Best place to save my£1000

Nettsmythe

I have a £1000 sitting in my Natwest savings account getting about 49p a month.Any suggestions on a better place for it.I am hoping to add abit more here and there. Any advise appreciated.

badger09

Have you read this?:cool:

http://www.moneysavingexpert.com/savings/savings-accounts-best-interest?_ga=1.243057354.910514170.1433159940

enjoyyourshoes

TSB classic plus 5%

Nettsmythe

Thanks for help.Have looked up the tsb plus,it states I need to pay in £500 a month,is there away around this as I wouldn't be able to do this.Sorry I'm not very money minded.

letThemPlay

The £500 doesn't have to stay in there; it can go straight in and back out or out then in.

So just transfer £500 from TSB into your other current account then transfer it back in, that's the requirements met.

inspireme247

Move your £500 to other bank, and then get it back, it meets their criteria.

Nettsmythe

Thanks everyone for your help and so quickly.I will open the account and do as you all suggested.

jimjames

letThemPlay wrote: »

The £500 doesn't have to stay in there; it can go straight in and back out or out then in.

So just transfer £500 from TSB into your other current account then transfer it back in, that's the requirements met.

Even better still, open a Halifax account, transfer £750 back and forth and you'll get the equivalent of 12.5% gross on your £1000.

Beats what you're getting now by a massive margin.

letThemPlay

jimjames wrote: »

Even better still, open a Halifax account, transfer £750 back and forth and you'll get the equivalent of 12.5% gross on your £1000.

Beats what you're getting now by a massive margin.

Certainly does and it is what I do anyway; although I'm not sure that was supposed to be directed at me

Gram_Parsons

Don't forget all the paperless statements/correspondence malarky for the TSB!

Nettsmythe

Thanks everyone