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!
Keep It Simple, Stupid
FunLovinCriminal
Posts: 481 Forumite
Hi all
I need some help please. I work full time, and spend evenings doing online swagbucks etc, so do not have spare time to shuffle money between accounts. I used to do this, then kids came along. Nowadays I just want a simple savings account.
Currently
£2k in TSB classic account. Used to pay 5% interest, now 0%
£1k in a regular savings account, max paying £250 per month, earning 2%
£4k in a virgin e-isa. This has just matured, and is earning 0.35%.
Looking for advice on where to put all the cash in to one account. This may not be earning me the market, but rather than having 3 savings accounts, maybe just one earning a reasonable rate.
Help!
I need some help please. I work full time, and spend evenings doing online swagbucks etc, so do not have spare time to shuffle money between accounts. I used to do this, then kids came along. Nowadays I just want a simple savings account.
Currently
£2k in TSB classic account. Used to pay 5% interest, now 0%
£1k in a regular savings account, max paying £250 per month, earning 2%
£4k in a virgin e-isa. This has just matured, and is earning 0.35%.
Looking for advice on where to put all the cash in to one account. This may not be earning me the market, but rather than having 3 savings accounts, maybe just one earning a reasonable rate.
Help!
Mortgage: 01/02/14 - £108k
Mortgage: Current - £97k
Mission: MF by 50
Mortgage: Current - £97k
Mission: MF by 50
0
Comments
-
You could move £6000 to Marcus @ 0.4%?1
-
Not heard of Marcus?Mortgage: 01/02/14 - £108k
Mortgage: Current - £97k
Mission: MF by 500 -
-
0
-
Unless you are earning more than £1K interest a year a ISA is pointless. Especially given the poor interest rates.
Echo the above on Marcus.Life in the slow lane0 -
You are not going to beat 2% so keep the regular savings account going until it matures,0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards