Savings Account

hop3y

Hi all,

Hope you can help - looking for a savings account to solely put wedding funds in - about £300pcm.

We currently have a 123 account and a Santander ISA in joint names - preferably would want this with another bank to keep it separate.

Any recommendations?

littlej0hn

TSB current account pays 5% interest on first £2000.....you could both have one each plus a joint account....one of the best about at the moment


Savings accounts pay poor interest at the moment so its all about current accounts

hop3y

littlej0hn wrote: »

TSB current account pays 5% interest on first £2000.....you could both have one each plus a joint account....one of the best about at the moment


Savings accounts pay poor interest at the moment so its all about current accounts

Thanks,

Looked at their site and you have to deposit £500pcm..

Interest paid monthly. Pay in min £500/month, register for Internet Banking, Paperless Statements and Paperless Correspondence

littlej0hn

Looked at their site and you have to deposit £500pcm..

you could transfer in £500 and transfer it back out again if it will leave you short. That way you fulfill that requirement......if it sounds like hassle set up a standing order one way and back again the next day and then you wont need to worry about it as it will be automatic every month.

Archi_Bald

littlej0hn wrote: »

you could transfer in £500 and transfer it back out again

You could even take £500 out and then put it back in again.

grumbler

The top rate for £300 p.m. is 6% offered by FD Regular Saver.

eskbanker

Archi_Bald wrote: »

littlej0hn wrote: »

you could transfer in £500 and transfer it back out again

You could even take £500 out and then put it back in again.

....and then shake it all about?

Kernel_Sanders

I'd get that ISA money earning 5% in TSB and Nationwide and then feed it to the 5% regular saver attached to each. Even if you pay tax at 40%, are you getting 3% on your ISA?