Top Cash ISAs Discussion Area

leaphaze

Vortigern wrote: »

Every morning? A once per week mini statement by text message for each account should be sufficient.

No good for me. I sail very close to the wind, with my current a/c balances at the very minimum with surplus cash earning interest; not for everyone I know. Occasionally a direct debit can be taken a day or two early, so I need catch those naughty boys in time!

Control freak you say? Well, maybe...

Herbalus

leaphaze wrote: »

No good for me. I sail very close to the wind, with my current a/c balances at the very minimum with surplus cash earning interest; not for everyone I know. Occasionally a direct debit can be taken a day or two early, so I need catch those naughty boys in time!

Control freak you say? Well, maybe...

How about using a current account that pays interest as your main account, and then your cash that is elsewhere can be in your current account, still earning interest, and you don't need to worry?

Archi_Bald

leaphaze wrote: »

No good for me. I sail very close to the wind, with my current a/c balances at the very minimum with surplus cash earning interest; not for everyone I know. Occasionally a direct debit can be taken a day or two early, so I need catch those naughty boys in time!

Control freak you say? Well, maybe...

I am not sailing close to the wind, but still like to check one or two of my accounts on a daily basis. With ewise, it is actually faster to log into all my accounts every day than logging manually into just one or two, and I can see the balance of each account on just one page.

After a short while, you remember what the balances are/should be, so it takes about 20 seconds a day to quickly glance over about 4 dozen accounts (current, savings, credit cards, investments, and even secure messages). No weekly texting service can match this, Vortigern, particulary not because half of the accounts I monitor don't have any messaging service. Of course, if I want to look at any account in any detail, it will take more than 20 seconds, but at least the logging in takes just a few seconds since ewise remembers the login data for me.

Nothing at all to do with being a control freak - it's much more like being efficient.

leaphaze

Herbalus wrote: »

How about using a current account that pays interest as your main account, and then your cash that is elsewhere can be in your current account, still earning interest, and you don't need to worry?

Yes, I have a Santander 123 a/c, fully funded up to the limit for interest, plus 2 Halifax Reward a/c's, plus an ancient Nationwide FlexAccount. They all need watching, money needs to flow to and fro.

Archi Bald: I couldn't agree more.

Vortigern

Archi_Bald wrote: »

- it's much more like being efficient.

How often we log in to our multiple accounts would be an interesting discussion - but not on the Top Cash ISAs thread

Archi_Bald

Vortigern wrote: »

How often we log in to our multiple accounts would be an interesting discussion - but not on the Top Cash ISAs thread

You are right there. Surprising that you did offer your 'once a week is enough' message in this thread then.

Vortigern wrote: »

Every morning? A once per week mini statement by text message for each account should be sufficient.

Nobody is perfect.

meanscot

I was wondering about the situation where you open a Santander 123 current account and the 2.3% 2 year fixed rate ISA.


If you then close the 123 account before the 2 year ISA ends, will the rate of interest then drop on the ISA account or would the ISA be closed with the loss of 120 days interest ?


Further, if after opening the ISA, you close the ISA before it has been open for 120 days (say to transfer to another ISA), will the 120 days of interest be taken from the capital in the ISA ?


meanscot

KTF

Call Santander and get them to confirm.

boobbby

meanscot wrote: »

I was wondering about the situation where you open a Santander 123 current account and the 2.3% 2 year fixed rate ISA.


If you then close the 123 account before the 2 year ISA ends, will the rate of interest then drop on the ISA account or would the ISA be closed with the loss of 120 days interest ?


Further, if after opening the ISA, you close the ISA before it has been open for 120 days (say to transfer to another ISA), will the 120 days of interest be taken from the capital in the ISA ?


meanscot

Cant think of any reason why anybody would close your 123 account as you get interest on the direct debits and money on the balance in the account. I use a 123 account although it is not my main account but just keep my DD's in it and transfer once a month £500 in and out. More than pays for the £2 a month charge. Means I can also have a 2.3% FRISA with Santander

xyz123

is the newcastle building society a/c offering about 3% the best bet for someone to invest about £6000, which can be done in 4 installments!