I just don't know where to start...

MadMat

jotrez wrote: »

Yes that's fine but unfortunately it's a fine line between me making sure I've been paid before the money is due to come out some months and then make sure I still have the £1000

With most of them the £1000 or whatever doesn't need to be a lump sum - I meet my TSB plus accounts £500 requirements with a weekly standing order of £125 from my main account on Monday and £125 back the other way on Tuesday!

Mat

colsten

MadMat wrote: »

With most of them the £1000 or whatever doesn't need to be a lump sum - I meet my TSB plus accounts £500 requirements with a weekly standing order of £125 from my main account on Monday and £125 back the other way on Tuesday!

Mat

As long as you have at least £125 in your TSB Plus, which I understand you do have, you can make the return SO on the same day as the incoming one.

If you make the payments manually, you could complete the incoming and outgoing payments in the space of a couple of minutes.

richy999

If you are going for the TSB current account, don't forget to take advantage of the monthly saver account which also has a 5% interest rate on £25 to £250 pm.

jotrez

Yes, i definitely am able to save over £1000 😁 i would rather just act slightly on the cautious side but add a bit more if i feel like I can. I'm lucky i don't have too many bills as i have no credit cards or anything like that and i like to try and be sensible about things.

kangoora wrote: »

Well, if you're saving for a house presumably at some point you'll have more than £1,000 which isn't going to get eaten up by late pay packets or expensive bills.

Just get to your first £1,000 which is 'safe' from being needed and then open up a TSB a/c and set up a standing order to draw out £500 and pay it back into the account the next day.

If you can't get to that level of savings then I think a house purchase may be a long way off