how to

talexuser

for example 3 Bank of Scotland vantage for 15k, 2.96% gross, no fees, no direct debits required, no external accounts required, and move £1000 a month around the 3 of them on the same day each month by standing order, and just withdraw the ~£30 a month interest on the day it's paid because it no longer earns interest.

YorkshireBoy

talexuser wrote: »

for example 3 Bank of Scotland vantage for 15k, 2.96% gross, no fees, no direct debits required, no external accounts required, and move £1000 a month around the 3 of them on the same day each month by standing order, and just withdraw the ~£30 a month interest on the day it's paid because it no longer earns interest.

Well, not until September anyway.

talexuser

YorkshireBoy wrote: »

Well, not until September anyway.

Good point, but make hay while the sun shines.

I'm hoping the same 2 DDs can be used for each account. I'm going for a Tesco and a £1 PayPal to withdraw the interest each month to save me the bother.

ColdIron

YorkshireBoy wrote: »

Well, not until September anyway.

What's happening in September?

YorkshireBoy

ColdIron wrote: »

What's happening in September?

2 DDs required to be paid out each month, in addition to the existing criteria for interest...

https://forums.moneysavingexpert.com/discussion/5463084

ColdIron

YorkshireBoy wrote: »

2 DDs required to be paid out each month, in addition to the existing criteria for interest...

https://forums.moneysavingexpert.com/discussion/5463084

Phew, for a moment I thought they were bringing out a new account and retiring the Vantage