Regular spending account

Bushy2

There are a number of accounts with reasonable rates for regular savers but I want a regular spending account, i.e. to put in a lump sum (say £20,000) then draw a regular amount from it initially for an eight month period. Has any body any suggestions?

polymaff

http://www.bankaccountsavings.co.uk/

Although they've left out Nationwide FlexDirect

jamesd

It's uncommon for a savings account to allow standing orders but it's quite common for them to let you set up payments for future dates. So you can start with the highest paying accounts and check which of those allow future payments eight months ahead, then move on until you find the highest paying one that allows it. Once you have the account open then just set up the eight payments that you want one at a time until you've entered them all.

colsten

polymaff wrote: »

http://www.bankaccountsavings.co.uk/

Although they've left out Nationwide FlexDirect

And I don't think they have updated their calculations with the most recent/imminent changes to T&C / charges. But they are still a good initial guide.