Bank account overhaul - Is this the best option?

funkycredit

TheMightySwordfish said:

Nice haul by the sounds of it.
I need to work on getting accounts up for swapping. I have a few (Nationwide, Halifax, RBS, a couple of Virgin Money) that are worth keeping hold of at the moment. Have swapped my Monzo, Starling and TSB. I guess I could swap a Virgin Money if really needed. 

Noooo keep virgin and stuff a grand in there. Try and get a third and if a couple, open same for other half so you get 6. That'll pay half decent each month. Well a fiver each. But then open Halifax & NatWest rewards to get another £20 each monthly. Of course there's a risk they'll close accounts but I don't see why if they're being used, albeit to meet set criteria. I'm taking the gamble though. 

TheMightySwordfish

The Missus has done the same :nosewinky:

ZeroSum

Full fat 123 has never been worth it since they dropped the rate from 3% to 1.5%. Especially that you only keep £10k in it. You've been losing money for years so why change now? 

bigadaj

ZeroSum said:

Full fat 123 has never been worth it since they dropped the rate from 3% to 1.5%. Especially that you only keep £10k in it. You've been losing money for years so why change now? 

...to make more money in the future....