Are you a bank savings tart?

MSE_Tony

We’ve heard from MoneySavers armed with spreadsheets tracking their cash between several different bank savings accounts. Some just set up the standing orders and direct debits and leave the system to manage itself.

Do you have several bank accounts? How do you keep track? And what do you do when you run out of bills to meet accounts’ direct debit requirements.

Let us know here

bigadaj

The first rule of current account tarting club is.....

ceredigion

MSE Tony: Money saving expert official.


Yeah right you are.:rotfl:

pinkdalek

I switched a few accounts last year, it was a faff but must admit £500 did help towards spending money in Florida last November.

Have to say Halifax's was the easiest of the offers to get paid. Did not feel I had to jump through lots of hoops to get it.

colsten

bigadaj wrote: »

The first rule of current account tarting club is.....

Can't say that often enough

bobobski

Splitting my dual fuel has helped - two DDs instead of one

agrinnall

MSE_Tony wrote: »

Let us know here

Why do we need to let you know here when there are already many threads covering the subject in exhaustive detail? Or is it just that you can't be bothered to look for them?

Has anybody ever seen a post by a MSE "Expert" that was worth reading?

enthusiasticsaver

I did but not for much longer now interest rates coming down on all of them and all my regular savers maturing. Only ones I intend keeping for now are Tesco which require no funding and no direct debits. Stocks and shares isa, emergency fund in Santander 123 and back up in Tesco.

Westie983

Wouldn't you like to know.....

Check out the threads, or search for 'funding requirements' or 'Top bank accounts' which has over 1k comments or maybe 'Cycling money through bank accounts' which has 40 comments, which will answer your questions

Just a thought...

Jeff_A

I've been a Savings Tart for years. Having recently taken redundancy and early retired need to have my money work for me. Importantly I have the time to every Thursday check my accounts. My wife and I have 3 Santander 123 accounts, Bank Of Scotland, TSB and First Direct Current accounts. We also have the Natiowide Flexdirect and enjoy the Insurance benefits of Nationwide FlexPlus. We do standing order transfers on 4th, 8th, 12th of each month and manage it with Quicken 2014 (later versions got too complex). Yes it's complicated but it's giving us a fair return.

33q

Excel Spreadsheet. Multiple Bank of Scotland and Tesco. Couples can also add joint accounts as well. Regular savers from FD and HSBC and others are still good. Again doubled up if a couple. Feed all these from your Santander Accounts. Some Smaller Building Societies are worth doing too....beware local restrictions.
I counted up yesterday....89 accounts!. I just hope my spreadsheet continues to cope!