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Current accounts that accept quarterly, not monthly, income?
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pennystretcher wrote: »Easiest is to recycle your emergency account money between couple of accounts every month in order to meet eligibility criteria.
Please note links between banks - e.g. First Direct is a HSBC bank, so I suspect that a payment from FD doesn't count as an external transfer. Also Marks and Spencer Bank is owned by HSBC, so I suspect that it would be the same - have not dared to try in case I lose the interest...should be easy enough to call and check.
ps I hope you have HSBC Advance AND their regular saver? Regular savers seem to be the only accounts to give a decent return...
Why 'suspect'? Much safer to check the T&Cs instead;)0 -
If you have money sitting in a current account to earn interest, you can create your monthly deposit yourself. You simply need to withdraw and re-deposit the required amount. This can be done in various ways, from totally manual to totally automated.0
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