Saving/ISA account suggestions

eskbanker

TheLittleSaver wrote: »

I open the TSB Classic Plus, where I get 3.91% up to £2k, if I have more than £2k I don't get anything (and I even lose the 3.91% for that month, or do I always get the 3.91% for the first £2k and than I just get nothing more than that? This is something I still don't understand)

It's the latter, a balance of £2,001 gives you the same interest as £2,000, it would be pretty unreasonable if going over the cap lost all the interest!

TheLittleSaver wrote: »

Open a Tesco account (which works up to £3k... same question as above)

....same answer as above!

Kernel_Sanders

TheLittleSaver wrote: »

- It says that "5% AER / 4.89% gross variable interest paid on balances up to £2,000 only "
does that mean that I must keep £2000 maximum in the account to have the interest? I know it seems a silly question to you all, but I am not confident with these things, besides I see the table and it shows that, for more than 2K, the interest is 0.

There is no maximum nor minimum balance necessary to get 4.89% on any amount up to £2000. It says balances up to, not balances of; therefore, no ambiguity.
However, to get 5% (or 4% net) on the full £2000 you should pay the monthly interest into the TSB monthly saver, although this would have to be routed through an external account.

TheLittleSaver wrote: »

Oh, one more things.,.. I see now the SANTANDER account will increase the fee next year... so, considering this, which account would be best, santander or the TSB one?

It's not worth you putting £4000 in a Santander 123 a/c because 40% of the net interest on the first £2500 will be swallowed up by fees (100% from January).

Eco_Miser

Kernel_Sanders wrote: »

However, to get 5% (or 4% net) on the full £2000 you should pay the monthly interest into the TSB monthly saver, although this would have to be routed through an external account.

No, it doesn't.
You can pay into the TSB monthly saver by standing order from the TSB Classic Plus current account, although you have to set the SO up using the sort code and account number of the regular saver rather than selecting it from a drop-down.