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Lump sum but may need access
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Risky if money is tight and one of the banks has a glitch, leaving you overdrawn. Manually, you can 'grab' some money and move it on time.
That's true if you are running a low balance. However if you have £5000 and have to meet a £500 pay in for example then it makes zero difference if your balance of £2500 reaches £3000 and then drops back to £2500 or whether it goes to £2000 before the £500 credit hits. Only advantage from manual would be making sure interest paying amount is optimised at all timesRemember the saying: if it looks too good to be true it almost certainly is.0 -
Some regular savers, eg Nationwide Flexclusive, are instant access.jonnyhinch wrote: »Jim James- the only difference is that I may need access, so don't want to lock it away in a regular saver for a year or more and risk losing the interest if I need the moneyEco Miser
Saving money for well over half a century0
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