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Multiple bank accounts

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Comments

  • Katiehound
    Katiehound Posts: 8,140 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 29 October 2015 at 10:31AM
    If you are paying out DDs every month then Halifax Reward would give you £5 pm (£750 needed to go in each month) You need 2 X DDs to go out pm to qualify

    Lloyds Club pays interest- the best rate on £4-5K with £1K going in per month. You need 2 x DD s pm to go out

    You don't need to switch to open these
    Being polite and pleasant doesn't cost anything!
    -Stash bust:in 2022:337
    Stash bust :2023. 120duvets, 24bags,43dogcoats, 2scrunchies, 10mitts, 6 bootees, 8spec cases, 2 A6notebooks, 59cards, 6 lav bags,36 angels,9 bones,1 blanket, 1 lined bag,3 owls, 88 pyramids = total 420total spend £5.Total for 'Dogs for Good' £546.82

    2024:Sewn:59Doggy ds,52pyramids,18 bags,6spec cases,6lav.bags.
    Knits:6covers,4hats,10mitts,2 bootees.
    Crotchet:61angels, 229cards=453 £158.55profit!!!
    2025 3dduvets
  • ceredigion
    ceredigion Posts: 3,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic
    Katiehound wrote: »
    If you are paying out DDs every month then Halifax Reward would give you £5 pm (£750 needed to go in each month) You need 2 X DDs to go out pm to qualify

    Lloyds Club pays interest- the best rate on £4-5K with £1K going in per month. You need 2 x DD s pm to go out

    You don't need to switch to open these



    FWIW; Club Lloyds needs funding by £1500, per month.
  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    ceredigion wrote: »
    FWIW; Club Lloyds needs funding by £1500, per month.
    You don't need to do this to receive interest. Paying in £1,500 a month waives the monthly charge - which is therefore obviously a smart thing to do but it is still optional for interest purposes.
  • ceredigion
    ceredigion Posts: 3,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic
    colsten wrote: »
    You don't need to do this to receive interest. Paying in £1,500 a month waives the monthly charge - which is therefore obviously a smart thing to do but it is still optional for interest purposes.



    I now that, just correcting Katiehound post which is why it was quoted in my post.
  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    edited 30 October 2015 at 9:39PM
    [STRIKE]Katiehound's post wasn't wrong. Just perhaps not as complete as it could have been.[/STRIKE]

    OK, I concede, it was wrong. And so was I.
  • ceredigion
    ceredigion Posts: 3,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic
    OHHHH yes it is :rotfl:

    Katiehound wrote: »
    If you are paying out DDs every month then Halifax Reward would give you £5 pm (£750 needed to go in each month) You need 2 X DDs to go out pm to qualify

    Lloyds Club pays interest- the best rate on £4-5K with £1K going in per month. You need 2 x DD s pm to go out

    You don't need to switch to open these



    It is either wrong because you do not need to fund the account to get the interest or it is wrong because the funding is £1500 not £1K but either way it is wrong.
  • ceredigion
    ceredigion Posts: 3,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic
    Having just revisited the last few posts , will confirm that Katiehound post is correct. ( well sort of ). However, if anybody follows said post and gets charged a fiver blame colsten , not me.
  • Katiehound
    Katiehound Posts: 8,140 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    OOPs- slipped up there!
    Sorry, sorry, sorry
    Info about Halifax is correct
    and yes, you are right and I am wrong- £1500 needed for Club Lloyds.

    (Clearly I have too many bank accounts!
    £1000 cycles round through a few a/cs including L and £500 cycles thro' TSB and L - therefore fulfilling the conditions!)
    Being polite and pleasant doesn't cost anything!
    -Stash bust:in 2022:337
    Stash bust :2023. 120duvets, 24bags,43dogcoats, 2scrunchies, 10mitts, 6 bootees, 8spec cases, 2 A6notebooks, 59cards, 6 lav bags,36 angels,9 bones,1 blanket, 1 lined bag,3 owls, 88 pyramids = total 420total spend £5.Total for 'Dogs for Good' £546.82

    2024:Sewn:59Doggy ds,52pyramids,18 bags,6spec cases,6lav.bags.
    Knits:6covers,4hats,10mitts,2 bootees.
    Crotchet:61angels, 229cards=453 £158.55profit!!!
    2025 3dduvets
  • planteria
    planteria Posts: 5,322 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    34 YB:eek: i only have 14:o.
  • anoncol
    anoncol Posts: 982 Forumite
    Why the hell would it not be legal or moral?
This discussion has been closed.
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