Obtaining The Best Return

rangers_fc

I am maxed out on a lot of the usual current/savings accounts. A lot of my current regular savers high interest accounts are set to mature. What to do where to save next I’m a tad lost. At present I have the following set to mature, in the next 4 months
[FONT=&quot]2 x ISA 3 year BOS (end October)
3 x Nationwide Flex Direct Current Accounts 5% (end September)
2 x Nationwide Regular Savers ( 4 months to run)
2 x TSB Regular Saver Accounts (1 month to run)
2 x Lloyds regular savers (3 months to run)

Can someone please explain the procedure with regards to the Nationwide Flex Direct current accounts, after the year I believe the interest reverts to 1%. I obviously want to maintain the regular saver accounts until fruition , but consider my options for the 2 solo & 1 joint Flex Direct current account.
I have accounts in Satander & Tesco also, so looking for other options to consider. Fee free accounts is my preference any help thoughts appreciated.[/FONT]

missile

You may like to consider:
TSB Classic Plus pays 5% on balances on balance up to £2,000.
I find I get more than sufficient cash back to negate the £5/month charge on my Santander 123 account.
Tesco current account pays 3% on balance up to £3,000.

YorkshireBoy

You say "I", but you must mean "we" with the accounts you've listed.

BoS Vantage seems a good fit for £30K between you.

If you really do have £130.5K in cash (the most a couple can get in current accounts paying 3-5% AER) between you...is that too much?

Re Nationwide, you may wish to grab a FlexAccount each now...and then wait until you've fed each of them for 3 months before closing the FlexDirect accounts. All this is explained in the regular saver T&Cs. Suggest you check out their website.

rangers_fc

Yes we do already hold 5 BoS Vantage accounts between us, was looking for new avenues other than investments, in these uncertain times with such volatility in stocks & shares.
Re nationwide will look at Flex Accounts tomorrow thanks, what other accounts is there with regular saver or not that have a market leading interest rate, without tying your cash up , for negligible interest.
As Ive said we already hold accounts with Satander, TSB & Tesco

YorkshireBoy

3 x Santander 123
6 x BoS
3 x Lloyds
4 x Tesco
3 x TSB
3 x FlexDirect

For lump sums that's your lot at 3-5% AER for £130.5K

So where are your gaps, if any?

After that, you're looking at the 6% regular savers, which are good for £1,600 a month.

rangers_fc

Hi Yorkshireboy where are the 6% Regular Savers?
I know there is the LLoyds 3% RS
Nationwide 5% RS
TSB 2% RS
Where are the 6% Regular Saver accounts you mention & what hoops are required to obtain this rate thanks

mistakehappens

hi

I think the OP is talking about HSBC advance regular saver, First direct regular saver and also Marks and spencer do a 6% regular saver too.

colsten

https://forums.moneysavingexpert.com/discussion/5374614