Changing my accounts for better interest

colsten

N1ckS wrote: »

There is, obviously, no guarantee that you would get your full £400 back at the end of the 6 months. If the markets drop 10%+ you're going to be cashing out less than you put in.

I don't think it's an unreasonable suggestion given the original post and the OP's mention of stocks and shares and ETF's.

You forgot to mention the charges which will be deducted monthly, even if you leave the money uninvested for 6 months (I don't know whether this would be within the T&Cs).

It appears to me that the OP has no experience with investments, so pointing them at a product without mentioning even the most obvious risks is not a responsible money saving expert approach.

N1ckS

colsten wrote: »

It appears to me that the OP has no experience with investments

Fair enough, it's not obvious to me that that is the case given the accounts and ISA's the OP mentions in the first post. That suggests to me someone in control of their finances.

I take your point though, it's not for everyone.

Zanderman

colsten wrote: »

It appears to me that the OP has no experience with investments.

N1ckS wrote: »

Fair enough, it's not obvious to me that that is the case given the accounts and ISA's the OP mentions in the first post. That suggests to me someone in control of their finances.

As Colsten suggests there is nothing in the OP's opening post that suggests experience of investments, only an ability to pick good savings accounts. Having control of finances via savings accounts is very different to having ability with investments