Multiple bank accounts

Katiehound

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

ceredigion

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

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

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

[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

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

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

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!)

planteria

34 YB:eek: i only have 14:o.

anoncol

Why the hell would it not be legal or moral?