Good plan for £44k?

coolasacucumber

£44k that I want to keep available, potentially for a house purchase at some point.

For my wife & I:-

3 TSB Classic + = 5% on £6k

2 Club Lloyds = 4% on £10k

3 BOS = 3% on £15k

4 Tesco Bank = 3% on £12k

P2P a/c = £1k + monthly interest from savings a/c's added into this.

All the above money could be there for 6 months, but more than likely longer term.

Have I missed any better options? I think it's possible to have 3 Club Lloyds per couple, but we don't have enough DD's to cover it, as I have Halifax needing 2, and my wife is currently going for the M&S £220 offer also needing 2...!

Thanks in advance to all of you money gurus.

zolablue25

I believe that I have read on these forums that you could set up a Tesco savings account and create DDs to fund that, to give you the extra DDs that you require for Club Lloyds. I haven't done it so I can't offer any advice but I'm sure if you searched around the forum you would find the info.

savings_my_hobby

coolasacucumber wrote: »

£44k that I want to keep available, potentially for a house purchase at some point.

For my wife & I:-

3 TSB Classic + = 5% on £6k

2 Club Lloyds = 4% on £10k

3 BOS = 3% on £15k

4 Tesco Bank = 3% on £12k

P2P a/c = £1k + monthly interest from savings a/c's added into this.

All the above money could be there for 6 months, but more than likely longer term.

Have I missed any better options? I think it's possible to have 3 Club Lloyds per couple, but we don't have enough DD's to cover it, as I have Halifax needing 2, and my wife is currently going for the M&S £220 offer also needing 2...!

Thanks in advance to all of you money gurus.

sound ok to me - like post #2 says you can get around the dd's issue, you need either a Tesco saving account (not exactly sure which one) or a small payment to a charity.

I see what you have done, did you not fancy the Nationwide flexdirect? 5% for one year or is it better for you to keep it even?

once you get in the swing of things you could further maximise you savings by drip feeding from your B.O.S accounts to some Regular Savers (another reason to bank with nationwide is their £500 reg saver).

I'd probably not let the B.O.S accounts dip below £3000 as I think you need £3000 to get the 3%, probably worth checking.