Savings help.

John_Knights

I'd appreciate any help or advice with savings, I'm totally lost with all the complicated bank accounts!

Basically I have about fiftteen thousand to put somewhere, I have a pretty bog standard HSBC current account and the 6% HSBC savings account and an ISA, someone said I should move to the Santander 123 account, but I couldn't get my head around the maths.

Is the 123 account better than an ISA? and if I were to open that could I keep my HSBC current account and the 6% savers account?

Thanks!!

eskbanker

Yes, you can have multiple accounts without needing to close any.

The maths shouldn't be complex, you should generally be chasing the best interest rate, so start with http://www.moneysavingexpert.com/savings/which-saving-account and get more info at https://forums.moneysavingexpert.com/discussion/5374614