Saving my money

jimjames

GTR_King wrote: »

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

but seeing what's out there

If you have £3000 then there's no reason why you can't have 2 Tesco accounts with £1500 in each. Unlike Santander you still get 3% interest on the full balance from £1 up to £3000.

GTR_King

O i didn't see that but you gotta pay £750 each month in the account....

Will consider it...

Eco_Miser

All the recommended current accounts require a monthly payment in. This is not usually a problem, as there is more than that in the account, you simply transfer it to another of your current accounts, then transfer it back again - or move it in a circle through all your accounts.

GTR_King

Thanks everyone for all the advice all been helpful....

I have chose what I would like to do with my money....

TSB Classic plus £2000 5% interest
TSB Reg saver £250 each month (Will evaluate my option after 12 months) 5% interest

Nationwide Flex Direct £2500 5% (Will evaluate my options after 12 months) 5% interest

Barclays rest of my money....

Transfer £500 out of TSB Classic Plus then £750 back in (Same day & extra £250 is for reg saver) to get interest

Transfer £1000 out of Flex Direct then back in same day to get interest...

will syphon interest on each account to barclays...

Will use barclays as my main account for bills/dd/barclaycard DD...

badger09

GTR_King wrote: »

Thanks everyone for all the advice all been helpful....

I have chose what I would like to do with my money....

TSB Classic plus £2000 5% interest
TSB Reg saver £250 each month (Will evaluate my option after 12 months) 5% interest

Nationwide Flex Direct £2500 5% (Will evaluate my options after 12 months) 5% interest

Barclays rest of my money....

Transfer £500 out of TSB Classic Plus then £750 back in (Same day & extra £250 is for reg saver) to get interest

Transfer £1000 out of Flex Direct then back in same day to get interest...

will syphon interest on each account to barclays...

WHY?

Will use barclays as my main account for bills/dd/barclaycard DD...

Again WHY?

GTR_King

Just opened account this year and wanna keep it for now & also thinking about putting some money into a premium bond as well

jimjames

GTR_King wrote: »

Just opened account this year and wanna keep it for now & also thinking about putting some money into a premium bond as well

I really wonder why you've come back asking for help when you ignore the suggestions? It's your money to do what you want with but asking for best options and then doing something completely different seems a bit pointless.

GTR_King

I would move my money from barclays to another account but dunno if it's bad to keep changing accounts?? as just opened it this year...

I did listen to all your ideas..

These are the ones I am considering/probably will go for

freezspirit wrote: »

TSB monthly saver 5% gross/AER fixed for 12 months via standing order between £25-£250

xylophone wrote: »

Consider Santander 123?

This one looks good as well

freezspirit wrote: »

First direct monthly 6% upto £300 need to open current account and another saving account

TSB Monthly saver set up