what to do with my 6k

YorkshireBoy

gele wrote: »

Joint account for HSBC might be possible if that's what you mean.

That's not what I meant.

You're looking for a (savings account) home for £3K/£6K or whatever. Why can't you put it, or some of it, in a joint 5% FlexDirect or a 5% FlexDirect in partner's name...or both! Have you both got 5% regular savers with Nationwide? If not, why not?

Same question of TSB (for 3%), or others if you can find the requisite DDs?

MM2002

Interesting thread! I have just opened 3 accounts with nationwide flex direct(1 sole for my wife and I and 1 joint- 2.5k in each for the 5% int) 4 Tesco accounts(for the 3%) and a Halifax (£125 incentive)
I have a BTL mortgage (60% LTV) coming up for renewal in August. Will my account openings affect my credit score in a way it could affect the btl mortgage rates offered when needed?

gele

Sorry YorkshireBoy I was still on the subject of current accounts. Blame my loss of 1 hours sleep [not sure what next weeks excuse will be!]
No, we haven't got a joint flex direct, and good question as to why not. Answer - I'm not sure - but that makes sense. We could add a reg saver to that as well as the new flex plus account then couldn't we?
Yes we have both got sole TSBs with reg savers and a joint without.
I must have been thinking we couldn't have reg savers on sole and joint account as well.
I've got a lot to learn but am slowly getting there. I'll consider all options suggested today and hopefully get the ball rolling on whatever I decide next week

:beer:

ValiantSon

MadMatt2002 wrote: »

Interesting thread! I have just opened 3 accounts with nationwide flex direct(1 sole for my wife and I and 1 joint- 2.5k in each for the 5% int) 4 Tesco accounts(for the 3%) and a Halifax (£125 incentive)
I have a BTL mortgage (60% LTV) coming up for renewal in August. Will my account openings affect my credit score in a way it could affect the btl mortgage rates offered when needed?

Potentially, yes. To an extent it depends upon how long ago you applied for those accounts. August is only four months away, and you would be well-advised to make no further applications for products requiring a credit search.

ValiantSon

gele wrote: »

ValiantSon
I missed your reply and apologise. Thank you for your detailed info.
I posted another similar question on a new thread this morning as I am trying to get the best returns from a few accounts but confusing myself !
Anyway one thing in particular I picked up from your post was regarding the flex direct.
I realise the account will not close but I will not get 5% anymore. I am not going to switch to flex plus but was still thinking of opening that separately [3 iphones in family, breakdown cover and travel ins for a family worth the £13 pe rmonth I think plus I keep reg saver]
I could however then switch flex direct at 1% to a high interest current account [thinking first direct as no dds needed I believe]
and open a reg saver there as well.
Does this sound like an ok plan?

Glad to have helped.

YorkshireBoy's suggestions are good ones!