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Should I be leaving gaps in between applications for Savings accounts?
Kim_13
Posts: 4,273 Forumite
I'm in the process of sorting out my accounts for interest purposes, and also to have a separate account for the challenges that I'm doing this year.
I applied and was accepted for a second Tesco current account on New Year's Eve. This week I've applied for a passbook account with Coventry BS (to pay in full bags of Sealed Pot change as I go.) Applications prior to this were the 1st Tesco in August, a TSB Regular Saver also in August; a Tesco Internet Saver in September and Halifax Reward in October/November, but which was double credit searched due to a technical error on their site.
I also intend to open the FlexClusive Regular Saver and the Loyalty Saver with Nationwide (the latter for Virtual Sealed Pot money, which is currently in my Cashbuilder, so I won't want to leave it at that paltry interest rate once it starts building up.) I have cashed in some Premium Bonds for the RS and won't open that until the funds clear, however I wonder if I should be waiting a bit longer for one or both? Or do savings accounts not have any reporting to the databases that might trigger "account reviews" aka closure of accounts that seem to be popping up more often these days?
(I've had a Current Account with Nationwide for 4 or so years, so no current account needs opening alongside.)
Thanks
Kim
I applied and was accepted for a second Tesco current account on New Year's Eve. This week I've applied for a passbook account with Coventry BS (to pay in full bags of Sealed Pot change as I go.) Applications prior to this were the 1st Tesco in August, a TSB Regular Saver also in August; a Tesco Internet Saver in September and Halifax Reward in October/November, but which was double credit searched due to a technical error on their site.
I also intend to open the FlexClusive Regular Saver and the Loyalty Saver with Nationwide (the latter for Virtual Sealed Pot money, which is currently in my Cashbuilder, so I won't want to leave it at that paltry interest rate once it starts building up.) I have cashed in some Premium Bonds for the RS and won't open that until the funds clear, however I wonder if I should be waiting a bit longer for one or both? Or do savings accounts not have any reporting to the databases that might trigger "account reviews" aka closure of accounts that seem to be popping up more often these days?
(I've had a Current Account with Nationwide for 4 or so years, so no current account needs opening alongside.)
Thanks
Kim
0
Comments
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As your applying for a bank account, to give them money I don't think it really matters.
If you are also asking for overdrafts, that would be different, but even then it wouldn't put me off.0
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