Simplifying as we get older

YorkshireBoy

ffacoffipawb said:

YorkshireBoy said:

For TSB don't look at it as £22 per account. If you put the £4500 in a savings account paying 1.35% you'd lose about £6.75 per year, or £2.25 per account.

That is why I said they were not worth keeping.

They're possibly worth keeping as donor accounts for switching incentives. E.g. in case Santander run another Amazon promotion.
Admin wise they should be fully automated anyway.
For your wife it's just one phone call if you peg it before she does.
We have 17 between us, fully automated, so for us there's less admin to leave as is.

Ken68

veryintrigued said:

There was a very interesting thread on this subject maybe a couple of years ago.

Am sure it was started by Ken68 but I'm struggling to find it.

I can't see much posted by him recently either.

I hope he is ok.

Still here thanks Very...winding down is taking longer than expected. Packed up Regular Savers though five yet to mature. Different mindset needed. For example, are own telephones allowed in a Retirement Home or would it be communal WIFI.  Also sorting out a Power of Attorney etc. Probably go back to paper statements or print off monthly balances.
Odd feeling not chasing the best deals.

CRISPIANNE3

SevenOfNine said:

Similar situation, I've also been considering ways to simplify scattergun savings given that intetest rates are rubbish.

We've decided to SPEND, upgrade holiday flights, £10k for a year school fees for grandson, couple of moles removed that I don't like, private dental treatment for husband - all the things NHS don't bother to sort out if it's not painfully infected. When they've sorted his I've got some plans for mine. If it's frivolous, we've decided "stuff it", pointless being sensible!

Same here. This is why we have decided to have a new kitchen from Magnet for £22k and a new bathroom.