Already have a couple bank accounts - where to put the other £3000

imjayw

I have started a couple bank accounts and still have £3000 to move. It is currently sitting in a cash ISA with terrible interest so figured I should move it and get what I can.


Here are the accounts I currently have open, all of which are maxed out:
- M&S Regular Savings
- First Direct Regular Savings
- TSB Current acc


I plan to open a help to buy ISA very soon, probably with Halifax as they are offering the best interest rate so far, and will be filling all of these regular savings each month from income.


So where could I move the £3000?


Any help appreciated!

colsten

Nationwide FlexDirect? Also gives access to FlexClusive Reg Saver
Tesco current accounts?

bsms1147

TSB regular saver?

DragonQ

bsms1147 wrote: »

TSB regular saver?

No-brainer if you have a TSB Plus account already.

imjayw

colsten wrote: »

Nationwide FlexDirect? Also gives access to FlexClusive Reg Saver
Tesco current accounts?

Are there minimum monthly pay in's to these accounts?

bsms1147 wrote: »

TSB regular saver?

DragonQ wrote: »

No-brainer if you have a TSB Plus account already.

I was considering the regular saver, but just like the others, the maximum you can deposit is £200-300 per month, and would have preferred to put the whole £3000 some where gaining decent interest.

YorkshireBoy

imjayw wrote: »

Are there minimum monthly pay in's to these accounts?

Yes, and no...in that order. Details on their respective websites.

I was considering the regular saver, but just like the others, the maximum you can deposit is £200-300 per month, and would have preferred to put the whole £3000 some where gaining decent interest.

Loads of options, but the best is probably...

£2.5K @ Nationwide, and 2 months of TSB reg saver...and the whole lot is then making 5% AER.

Archi_Bald

YorkshireBoy wrote: »

Y
£2.5K @ Nationwide, and 2 months of TSB reg saver...and the whole lot is then making 5% AER.

Even faster: £2.5K FlexDirect, £500 FlexClusive Reg Saver. Done and dusted within half an hour (incl the SOs to ship £1K about once a month), all at 5% AER for the next 12 months.

YorkshireBoy

Archi_Bald wrote: »

Even faster: £2.5K FlexDirect, £500 FlexClusive Reg Saver. Done and dusted within half an hour (incl the SOs to ship £1K about once a month), all at 5% AER for the next 12 months.

Conceded! I must have thought (even though I've just opened it myself!) that the balance had to increase by £500 each month. I'll go stand in the corner.