Saving my money

GTR_King

I can get better credit card but Barclaycard my 1st one & other I won't be accept for one yet.

TSB monthly saver i am seriously considering it...

jimjames

GTR_King wrote: »

Tesco good idea but can't afford to put 6k away at moment

No reason why you need to put £6k away. That's the maximum the accounts hold. I'd not realised we'd already given suggestions before that had been ignored. Ultimately the only person that can sort this and get the best return is you, all we can do (again) is make suggestions.

GTR_King

You have given me some good ideas & this time i am
Gonna listen....

TSB 5% regular saver
Santander 123
Tesco Internet saver

They all look good so will consider them.

Thanks for the info so 6k maximum it can hold?

badger09

GTR_King wrote: »

You have given me some good ideas & this time i am
Gonna listen....

TSB 5% regular saver
Santander 123
Tesco Internet saver

They all look good so will consider them.

Thanks for the info so 6k maximum it can hold?

Who mentioned Tesco Internet Saver?:cool:

These are current accounts as you've already been told.

You can have as much as you want in 2 x Tesco current accounts, but they only pay interest up to £3k (each)

GTR_King

My bad I meant tesco current account...

I don't mind interest current accounts

GTR_King

All your advice has been good so far... Seen loads of good interest rate isa/bonds at 4/6% (Only down side is need current account with that bank)

these are the ones that interest me the most...

Current account's

Tesco current account looks good (Downside can't have more than £3,000 to get the 3%)

Santander 123 looks good as you get cash back as well as 3% on balances between £3,000/£20,00 (Downside is you need 2 direct debits/£500 to come in/£2 fee)

Club Lloyds 4% on balances £4,000/£5,000 (Downside need to pay in £1,500 to avoid £5 fee/have 2 direct debits going out)

Saving's account's

First direct Regular saver 6% (Downside fixed rate only for 12 months & need First Direct 1st account)

HSBC Regular saver 4%/6% (Downside fixed rate only for 12 months & need HSBC current account)

TSB Regular saver 5% (Downside fixed rate only for 12 months) (Good points TSB ClassicPlus)

Lloyds Regular saver 4% (Downside fixed rate for 12 months & need club lloyds/lloyds vantage account)

I haven't seen anything else that is good/better than these accounts.

I was thinking of having
£2,000 in TSB Classic Plus (Move interest each month to other Accounts)
£250 Each month to TSB Regular saver (Will evaluate my options in 12 months)
£2,000/£3,000 keep in Tesco or Santander 123 Current account..
Keep rest of money in barclays account & use it for wages & barclaycard DD (Will keep the account for the time being)

jimjames

GTR_King wrote: »

Tesco current account looks good (Downside can't have more than £3,000 to get the 3%)

Good so far, apart from the fact you can have £6000 in Tesco accounts.

GTR_King wrote: »

Keep rest of money in barclays account & use it for wages & barclaycard DD (Will keep the account for the time being)

I can't understand why you would have any account to hold any amounts of cash and not get paid interest on it when alternatives are available that will pay you for that money you are holding.

GTR_King

thanks for the info Don't have £6,000 to put in 2 Tesco current accounts

will have a look at sorting them out soon gonna wait & see what happens after my NVQ Then go from there

YorkshireBoy

GTR_King wrote: »

thanks for the info Don't have £6,000 to put in 2 Tesco current accounts

will have a look at sorting them out soon gonna wait & see what happens after my NVQ Then go from there

Well hopefully it will still be possible to get 2 sole Tesco current accounts by the time you get your NVQ. Look what happened last time you procrastinated about TSB...don't let history repeat itself!

GTR_King

YorkshireBoy I might get 2 Tesco current accounts....

but seeing what's out there