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The Current Account Game - My Strategy



  • colsten
    colsten Posts: 17,597 Forumite
    First Anniversary Photogenic Name Dropper First Post
    That's what I may need to do, but 11% off at Tesco is a hard habit to break!
    You'd need to spend £2,000 at Tesco before you have saved £220.
    PS, I did try and send you a thank you via PM but your inbox had been full for days.
    It always gets full....I am delighted to hear you succeeded ;)
  • jraf
    jraf Posts: 70 Forumite
    I adopt a similar approach - but having a partner helps double up on accounts. I believe we can even open a third account jointly but we haven't gone down that road yet.

    Nationwide FlexDirect - £2500 @ 5% x 2
    TSB Classic plus - £2000 @ 5% x 2
    Nationwide Flexclusive Regular Saver @5% £500 per month drip fed x 2
    TSB Regular Saver - @5% £250 per month drip fed x 2
    Santander HTB ISA - @4% £200 per month drip fed x 2
    Nationwide FlexPlus - £2500 @3% (£10 monthly fee)
  • aparky85
    aparky85 Posts: 36 Forumite
    Just a quick update. Since I posted this I have been actively pursuing the switching incentives currently on offer in the marketplace, and started by opening a few accounts as donors (1 X Halifax, 1X Natwest & 1X TSB)

    Halifax I switched to the Co-op, so am awaiting £150 from them.

    Natwest I switched to First Direct (switch completes Monday), so awaiting £100 from them.

    The TSB account I'd earmarked for HSBC Advance, but they knocked me back. I think my salary is too low for them to see value in having me as a customer, so as it was spare have opened an M&S Current account, and will switch it to them to get a £100 Gift Card. I know I previously denounced the M&S Vouchers as being useless to me, but there is an M&S Foodhall close to where I live, so as a previous poster commented,£100 worth of food and drink is worth having.
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