Interest Current Accounts

GTR_King

is it worth Keeping

TSB Classic Plus 3%
Halifx Reward Account £2

Can't Get Nationwide Flex Direct already had that.

So is there any good Reward/Interest accounts out there I can swith to.. or is there non on the market at the moment.

you think we will get some new ones in 2020?

quirkydeptless

GTR_King wrote: »

is it worth Keeping
TSB Classic Plus 3%
Halifx Reward Account £2

I have both of these and plan to keep them :money:


If you are counting rewards/cashback as well as interest I also have:


Co-Op £5.5 (requires 30 uses of Debit Card which I automate)

Barclays £14 for a £4 fee (my cashback is doubled from £7 due to not currently available switch offer, requires 2DD)

I also plan to get on 1st Feb:

NatWest £5 for a £2 fee (requires 2DD)

colsten

quirkydeptless wrote: »

Co-Op £5.5 (requires 30 uses of Debit Card which I automate)

May I ask how you automated it, please?

System

Fingerbobs wrote: »

If you buy three tubes of toothpaste purely to take advantage of the "buy 2 get one free" offer, are you "milking" the supermarket to "appropriate" a free tube of toothpaste?

The point here is that you pay for two tubes of toothpaste. In the case of the banks, the idea is you use the account for your day to day banking, or at least part of it. I don't think the intention is that you do the minimum to appropriate the free money. The fact that the banks don't seem to care is part of the problem. As I've stated before, for me it's a moral issue and arguments about following T&Cs simply don't wash.

System

colsten wrote: »

Is it your religion, or your interpretation of your religion, that compels you to constantly try and make people feel bad? Nothing people are doing is violating the respective T&Cs, which the banks have full control over. I doubt the banks need your help with a layer of holier-than-though finger-wagging. We're adults here and you don't do yourself any favours preaching your morals.

Not at all, when I see only one side of an argument I feel it important to put forward the other side. I also don't like how this forum has been taken over and owned by free-money appropriators when it's clearly about more general issues to do with bank accounts and budgeting.

YorkshireBoy

colsten wrote: »

May I ask how you automated it, please?

Seem to recall it's Amazon account top ups.

Zero_Sum

scgf wrote: »

The point here is that you pay for two tubes of toothpaste. In the case of the banks, the idea is you use the account for your day to day banking, or at least part of it. I don't think the intention is that you do the minimum to appropriate the free money. The fact that the banks don't seem to care is part of the problem. As I've stated before, for me it's a moral issue and arguments about following T&Cs simply don't wash.

But the toothpaste analogy still stands. Yes youve paid for 2, but not the 3rd.
Many of these account do require some level of use like direct debits & minimum monthly funding. So they are being used as intended to a certain extent.

The ones that dont require DD's give decent interest rather than 'free money' in the way of cashback. These arent that far removed from savings accounts. Do you view savings accounts as immoral due to giving 'free' money?

GTR_King

Can’t do NatWest Due to DD requirement

Co-Op Sounds good but need 4 DD each month,

Halifax I wanna keep

TSB when they change there accounts (Later this year won’t be worth keeping)

Already got Barclays Blue Rewards

Any other accounts I can have?

Zero_Sum

GTR_King wrote: »

Can’t do NatWest Due to DD requirement

Co-Op Sounds good but need 4 DD each month,

Halifax I wanna keep

TSB when they change there accounts (Later this year won’t be worth keeping)

Already got Barclays Blue Rewards

Any other accounts I can have?

Co-op you only need 1 DD mandate that takes 4 times a month.
Open a PO savings account, and set it a £1 a week

Santander 123 lite is good but looks like you have your DD's elsewhere.

IanManc

scgf wrote: »

Not at all, when I see only one side of an argument I feel it important to put forward the other side. I also don't like how this forum has been taken over and owned by free-money appropriators when it's clearly about more general issues to do with bank accounts and budgeting.

OK, I'll bite.

The Holocaust was a very bad thing because it killed over six million Jews, gay people and disabled people who were murdered for no reason other than just for being who they were.

Now over to you to disagree with my argument because when you only see one side of an argument you feel it important to put forward the other side.

:silenced:

GTR_King

Co-Op dose sound good..

123 lite is good but DD Is with Halifax/Barclays accounts