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Anyone know if the MY Offers in the Santander 123 account is being dumped?
The number of offers in the past 2 months has dropped dramatically. Its usually 2 dozen or more and is now down to 6.
If it is going then I will be switching to the Lite account.0 -
Hi. Thanks for reply. Are you sure? They aren't listed in the terms and conditions or benefits, as far as I can see.
I have the 123 Lite account and use the retailer offers occasionally.
I agree they don't seem as good as they used to be. The useful supermarkets seem to have been replaced by stores I have no intention of shopping at.0 -
There doesnt seem to be any recommendations to deposit larger sums for an unknown period. I will shortly have some funds for the sale of my property which will not be used for an unknown amount of time. Could be 3,6 or 12 months.
I have trolled round the local banks etc who just dont seem interested in taking larger sums of money.
Any suggestions for a safe and interest earning place?
Thanks in advance0 -
There doesnt seem to be any recommendations to deposit larger sums for an unknown period. I will shortly have some funds for the sale of my property which will not be used for an unknown amount of time. Could be 3,6 or 12 months.
I have trolled round the local banks etc who just dont seem interested in taking larger sums of money.
Any suggestions for a safe and interest earning place?
Thanks in advance
Any bank would do but the higher interest paying current accounts pay interest on limited amounts so you would have to spread it around.
If you want to keep it all together, you would be covered by FSCS protection for 6 months in all the main banks but for ease, have a look at NS&I Income Bonds or Direct Saver for short term
https://www.nsandi.com/our-products0 -
Just made enquiry with First Direct regarding switching.
Asked about a joint Current account and 2 x 5% regular savers to simply replace similar at Santander.
Beware, whilst savings is better deal than 2 x 3% savers @ Santander, and there is a switch incentive £125 on current account, there is no interest paid on the First Direct current account unlike 1.5% on Santander.
This would mean shuffling more savings from current account elsewhere ??0 -
onesixfive wrote: »Just made enquiry with First Direct regarding switching.
Asked about a joint Current account and 2 x 5% regular savers to simply replace similar at Santander.
Beware, whilst savings is better deal than 2 x 3% savers @ Santander, and there is a switch incentive £125 on current account, there is no interest paid on the First Direct current account unlike 1.5% on Santander.
This would mean shuffling more savings from current account elsewhere ??
Yes, but they do have a rather attractive 5% regular saver account that is dependent on the current account.0 -
onesixfive wrote: »Just made enquiry with First Direct regarding switching.
Asked about a joint Current account and 2 x 5% regular savers to simply replace similar at Santander.
Beware, whilst savings is better deal than 2 x 3% savers @ Santander, and there is a switch incentive £125 on current account, there is no interest paid on the First Direct current account unlike 1.5% on Santander.
This would mean shuffling more savings from current account elsewhere ??
Another option might be Lloyds Club where you get 2% on up to £5,000 and access to a 3% instant access regular saver with a higher £400 a month limit and a 2.5% instant access regular saver (standard £250 monthly limit). The account requires deposits totalling £1,500 every month to avoid the £3 monthly fee and 2 DDs to get the interest. Unfortunately there isn't a switching bonus, but the account allows you to choose 1 of 3 lifestyle benefits each year, those being 6 free Cineworld or Vue cinema tickets, a magazine subscription or a Gourmet Society membership.Did you really mean to put loose?
Lose: no longer possess, not to retain, unable to find
Loose: not firmly or tightly fixed in place0 -
Hi,
I've searched around but I can't find the answer to my question so I figured someone on here may know - I'm thinking of switching my current account from HSBC when I get the final £50 switching bonus next month, to Tesco for the 3% on 3k. I am able to meet the criteria each month (DD's and £750 deposit) for the interest but can anyone who has this account tell me if the interest is paid the following month or is it yearly?
Many thanks in advance.#2 - Save £2024 in 2024
#35 - Save £12k in 20240 -
I am able to meet the criteria each month (DD's and £750 deposit) for the interest but can anyone who has this account tell me if the interest is paid the following month or is it yearly?
Tesco pay monthly on the anniversary date of account opening. If the account is opened on the 10th then the first interest is paid on the 10th of the following month."In the future, everyone will be rich for 15 minutes"0
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