We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Help with savings overhaul - currently got an old ISA

2»

Comments

  • Hi Cloudane

    I had over 15 different current accounts at one point to take advantage of the various bank offers, as long as you follow their account minimum requirements then you should have no issues. I never did.

    I put £500 into TSB and take it out on the same day using standing orders and haven't suffered any interest penalty.
    GOAL:- £400k in Savings by March 2026 SAVINGS: – £385,758 COMPLETE GOALS - Debt Free, Mortgage Free, £350k Savings Save 12k in 2025 #41 = £19,280 / £25,000
  • xylophone
    xylophone Posts: 45,775 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    but they wouldn't just pick up on this as an "exploit" (knowing that the offer exists because they really want you to be paying your salary in and using them as a primary account)

    I have never used either my NW or TSB accounts as "main accounts" - never any trouble with the interest or the same day mid month SOs.
  • Thanks for the tips - I shall apply for NW and TSB then, might as well!
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.5K Work, Benefits & Business
  • 601.3K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.