WHere to find total interest paid by all banks in place?

colsten

For those who are hellbent not to look at their account statements: You could have a look at something like Yolt. If - and that is quite a big if - they support all the companies you have savings with, they will automatically pull down all transactions in the accounts you have told them you have. I am not sure they'll do the adding up for you, whether you can specify start- and end-dates, and whether any start dates can be in the past.

It's likely to be much faster, and much more precise and flexible, to just manually check all your accounts and keep the information in a personal finance manager.

colsten

d63 wrote: »

Kinda depends how many accounts you have opened and closed over the years in a vain effort to secure the best rates!! Having them all collected in one place for you by someone else seems a very attractive idea when you are well into double digits.

I am just staggered that people would, apparently, have "well into double digits" accounts with seemingly no record of how much they have where. I am further staggered that they, apparently, don't record the interest at the time they close their accounts - - and even more staggered if they don't close the accounts regularly.

Having dozens of accounts myself, I can't imagine not keeping detailed records about all the account transactions, updated on a regular basis. My personal finance manager (AceMoney, but others do similar jobs) gives me an instant summary of all my taxable and non-taxable interest and reward payments (plus all sorts of other insight into my finances). Yes, I do need to record the transactions manually and it would be nice if I didn't have to but it's not a chore.

Keep_pedalling

colsten wrote: »

I am just staggered that people would, apparently, have "well into double digits" accounts with seemingly no record of how much they have where. I am further staggered that they, apparently, don't record the interest at the time they close their accounts - - and even more staggered if they don't close the accounts regularly.

Having dozens of accounts myself, I can't imagine not keeping detailed records about all the account transactions, updated on a regular basis. My personal finance manager (AceMoney, but others do similar jobs) gives me an instant summary of all my taxable and non-taxable interest and reward payments (plus all sorts of other insight into my finances). Yes, I do need to record the transactions manually and it would be nice if I didn't have to but it's not a chore.

It would be one heck of a chore for your executor should you die with dozens of accounts with no decent records of what accounts you held.

Zanderman

d63 wrote: »

Kinda depends how many accounts you have opened and closed over the years in a vain effort to secure the best rates!! Having them all collected in one place for you by someone else seems a very attractive idea when you are well into double digits.
Sadly however from what other people have posted for now at least it seems not such a good plan to rely on HMRC to get it all right. Pity! Maybe next year...

I have lots of accounts - but I keep records. And keep the bank details so I can get updated records if needed. Who wouldn't do this?

I would never, ever, rely on HMRC for accurate records. Their track record is, to say the least, poor. Their role is not to provide you with your own banking info, it is to tax you.

If you want a third party to provide your bank info try an aggregator site as discussed above, though, as discussed above, most won't cover all accounts, so it would probably be pointless.

quirkydeptless

I take full responsibility for doing it myself, diligently recording every penny in my accounts opened and closed through the ages, and this way I know I can track everything, interest, reward bonuses, P2P income, stamps in my wallet...


Nerd Dragons are cool

colsten

Keep_pedalling wrote: »

It would be one heck of a chore for your executor should you die with dozens of accounts with no decent records of what accounts you held.

That is very true but they might as well do some work for the money they get . Having said this, I am a SKIer, so leaving lots of money behind would be kinda unplanned :cool:

schiff

colsten wrote: »

That is very true but they might as well do some work for the money they get . Having said this, I am a SKIer, so leaving lots of money behind would be kinda unplanned :cool:

But what if your speed skate ended in sudden death?

batterybunny

I don't rely on anyone else to know about and manage my savings anymore.

I use Bank Genie once a month to log my monthly statements (which takes may be 1/2 hour or less).

Then I just create a taxable interest report and use that against my SA.

colsten

schiff wrote: »

But what if your speed skate ended in sudden death?

Nothing will be my problem any longer