Newbie: advice required

PawelK

Sorry folks if my post above confused anyone. It was supposed to be a new thread.:mad:

colsten

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

Only looks at current accounts, though, not at the additional money you can make from using regular savers.

PawelK

colsten wrote: »

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

Only looks at current accounts, though, not at the additional money you can make from using regular savers.

Thanks. I dont need regular savers. I need an instant access money. Just noticed this websites only considers like four or five different banks. By the way, by applying for a new current account, a search trace will be left on my credit file. While this should not be a big i pact, what if I open five or six accounts in a short space of time. Would that negatively impact on my potential mortgage application?

YorkshireBoy

PawelK wrote: »

Just noticed this websites only considers like four or five different banks.

That's because there are only like 4 or 5 banks giving 3% or better on instant access cash held in current accounts. They omit Nationwide though, presumably as it's only 12 months.

By the way, by applying for a new current account, a search trace will be left on my credit file. While this should not be a big i pact, what if I open five or six accounts in a short space of time. Would that negatively impact on my potential mortgage application?

If next week, yes quite possibly.
If next June, quite possibly not.
If 2017, almost certainly not.

colsten

PawelK wrote: »

I dont need regular savers. I need an instant access money.

There are at least 2 Regular Savers that offer instant access.

PawelK

colsten wrote: »

There are at least 2 Regular Savers that offer instant access.

Could you advise which ones? I am currently using hsbc 6% but it finishes in January and after that I dont any of my savings to be locked away. Also, I dont want to set up any direct debits in order to benefit.

Thanks.

eskbanker

PawelK wrote: »

Could you advise which ones? I am currently using hsbc 6% but it finishes in January and after that I dont any of my savings to be locked away. Also, I dont want to set up any direct debits in order to benefit.

Thanks.

The summary at http://www.moneysavingexpert.com/savings/best-regular-savings-accounts includes information about which products allow withdrawals....

colsten

eskbanker wrote: »

The summary at http://www.moneysavingexpert.com/savings/best-regular-savings-accounts includes information about which products allow withdrawals....

So do the T&Cs of all the accounts..................and the nice thing about T&Cs is that they regulate what you can do with an account.

eskbanker

colsten wrote: »

So do the T&Cs of all the accounts..................and the nice thing about T&Cs is that they regulate what you can do with an account.

Indeed - articles or posts on here may help point people in the right direction but yes, that's not intended to be a substitute for researching the actual definitive Ts & Cs....

FunLovinCriminal

Morning all
Just a quick update, and further advice - if you can spare any more!
I've just had the letter through to say my 5% Nationwide deal finishes in March.
So, I'm going to have approx £10k (Santander & Nationwide) to put in to a new deal.
I was thinking Tesco with their 3% upto £3k?
Still haven't applied for the extra TSB account - if you read my other threads, have a 18month old and and another on the way - so very little "free" time these days.
The savings will be dipped in to while OH is on maternity leave, so I cannot tie them in anywhere, where else should I be looking?