£5,000 - Where is best to save it with easy access?

Jo4

Eco_Miser wrote: »

Tesco accounts are only available to residents of England, Scotland or Wales.

Does the person already have a bank account? If so, they can take the required amount out of the new account, then pay it back, all by standing order.

The person already has a bank account with their spouse but their spouse is useless with money and therefore the person wants a new bank account that there spouse knows nothing about hence the paperless statements.

YorkshireBoy

Jo4 wrote: »

The person already has a bank account with their spouse but their spouse is useless with money and therefore the person wants a new bank account that there spouse knows nothing about hence the paperless statements.

Being signed up for paperless statements won't guarantee nothing is sent through the post unfortunately!

Jo4

YorkshireBoy wrote: »

Being signed up for paperless statements won't guarantee nothing is sent through the post unfortunately!

The partner doesn't usually open post that is not theirs but the less post coming in the better apparently.

Jo4

Tesco Bank accounts are not available in Northern Ireland and will not be for the foreseeable future - pity when it seemed it could have been the answer for them.

Dan83

Tesco would be the easy option, as mentioned above.

If you want the hassle of transferring money around each month why not open TSB and put £2000 in, Nationwide with £2500 and tesco with £500.

Bounce the £500 around each month between accounts to cover the min pay in, every month transfare the interest to tesco

bigfreddiel

Jo4 wrote: »

Tesco Bank accounts are not available in Northern Ireland and will not be for the foreseeable future - pity when it seemed it could have been the answer for them.

Cheers, I missed that point.

fj

colsten

Jo4 wrote: »

Tesco Bank accounts are not available in Northern Ireland and will not be for the foreseeable future - pity when it seemed it could have been the answer for them.

Sorry, I missed the NI aspect too....which of the other best buys are not available in NI?

Jo4

Dan83 wrote: »

Tesco would be the easy option, as mentioned above.

If you want the hassle of transferring money around each month why not open TSB and put £2000 in, Nationwide with £2500 and tesco with £500.

Bounce the £500 around each month between accounts to cover the min pay in, every month transfare the interest to tesco

The person wants as little hassle as possible.

Jo4

colsten wrote: »

Sorry, I missed the NI aspect too....which of the other best buys are not available in NI?

I don't honestly know.

I will try to get a better look at this tomorrow because the person this is for has been waiting a week for me to get this sorted for them.

redux

How about just theTSB and Nationwide bank accounts, transfer between them each month, and both places also offer a monthly regular saver, also both 5% interest, which can have money removed before the 12 month term if necessary