The Top Easy Access Savings Discussion Area

Steve_xx

YorkshireBoy wrote: »

If you have an offset mortgage with YBS, the linked offset savings account (based on their cash transactor product) allows DD pulls from multiple external current accounts.

And you can have more than one linked offset savings account.

So I'm set up with my plan B, should Tesco start getting awkward about the (8 at the last count) multiple DDs I have on my Internet Saver (plus those I have on my Instant Access Savings Account).

Oh right. I don't have a mortgage with YBS but I do have one of the transactor accounts, so maybe I can use that for multiple pulls too?

YorkshireBoy

Steve_xx wrote: »

Oh right. I don't have a mortgage with YBS but I do have one of the transactor accounts, so maybe I can use that for multiple pulls too?

Sadly it doesn't work unless it's set up as a savings account offsetting a mortgage.

Steve_xx

YorkshireBoy wrote: »

Sadly it doesn't work unless it's set up as a savings account offsetting a mortgage.

I see. I'll have to stick with Tesco then! But I still have the old Egg in reserve.

stphnstevey

Do you guys have 2x Santander 123 accounts in your name then? If so, any tips on how to get this (ie when and how to apply for the second to stay under radar)?

Also, I am also using 2x separate tesco's accounts for DD for Halifax account. Is anyone successfully doing this with Santander 123 and Lloyds Club?

Out of curiosity, with so many different accounts and T&C, what would be people's advice on accounts to prioritize opening first?


Hoop......Jump......Hoop......Jump......Hoop......Jump......

10_66

stphnstevey wrote: »

...what would be people's ranking of accounts to prioritize opening first?...

TSB Plus, 5% on up to £2,000, can open 2 sole, 2 joint, (need to fund with £500 per month - but can just rotate the funding between accounts)
Lloyds Club, 4% for between £4K - £5K, can open 1 sole, 1 joint, (need 2 DD's from account to get interest and fund with £1,500 per month to avoid £5 monthly charge, again funding can come from another account).






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polymaff

stphnstevey wrote: »

Also, I am also using 2x separate tesco's accounts for DD for Halifax account. Is anyone successfully doing this with Santander 123?

Out of curiosity, with so many different accounts and T&C, what would be people's advice on accounts to prioritize opening first?

The handy thing about the 123 accounts is that the DDs don't have to be active, just set up. I just set up and then pointed them at 18866 and 1899 accounts and then never used the service they offer.

As for investment priorities, highest rates first. As for attention priorities, keep your eyes on Santander. With up to about £40 per account per month, nett, available - way more than anything you can get from any of the other banks - their's are the T&Cs to monitor

polymaff

10_66 wrote: »

TSB Plus, ... can open 2 sole, 2 joint,

Are you sure?

"Restrictions: Maximum of 2 Plus accounts" TSB Website, 28/04/14

10_66

beancurd wrote: »

You only need £500/month for TSB Plus.

Woops, getting mixed up with my TSB Enhance.

polymaff wrote: »

Are you sure?

"Restrictions: Maximum of 2 Plus accounts" TSB Website, 28/04/14

Positive, I've opened 2 sole and 2 joint, the joint ones have to be opened either by 'phone (which I did, or in branch).






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2010

I only just found out Halifax have cut the monthly amount you have to pay into their Reward account (£60 interest a year after tax) from £1k to £750.
Plus £100 if you switch to them.

YorkshireBoy

2010 wrote: »

I only just found out Halifax have cut the monthly amount you have to pay into their Reward account (£60 interest a year after tax) from £1k to £750.

That change was announced nearly 18 months ago in December 2012, and implemented a year ago in May 2013. Have you been hibernating?


https://forums.moneysavingexpert.com/discussion/4344511