High-interest current accounts

almanak

According to my search so far these are the offers:

Santander 2% for balance up to £2000 (correction-only  for 13-18ys old (123 mini)
Nationwide 2%  up to £1500
Money Virgin 2.02 % up to £1000

There is no such awesome 5% offers as before with Nationwide Flex for example.
Did I miss anything?

Costabit

Not exactly high interest but
Club Lloyds pays 0.6% on £4K and then 1.5% to £5k with a few hoops to go through re. DDs and pay in amounts etc

colsten

almanak said:

According to my search so far these are the offers:

Santander 2% for balance up to £2000
Nationwide 2%  up to £1500
Money Virgin 2.02 % up to £1000

There is no such awesome 5% offers as before with Nationwide Flex for example.
Did I miss anything?

For current offerings for adults, you could refer to https://www.moneysavingexpert.com/banking/compare-best-bank-accounts-1/

For a more comprehensive list, including youth accounts, see https://moneyfacts.co.uk/current-accounts/high-interest-current-accounts/#

trickydicky14

Costabit said:

Not exactly high interest but
Club Lloyds pays 0.6% on £4K and then 1.5% to £5k with a few hoops to go through re. DDs and pay in amounts etc

You get the same with BOS + vantage and you can have 3 of these

Zanderman

almanak said:

According to my search so far these are the offers:

Santander 2% for balance up to £2000
Nationwide 2%  up to £1500
Money Virgin 2.02 % up to £1000

There is no such awesome 5% offers as before with Nationwide Flex for example.
Did I miss anything?

Which Santander current account gives 2% up to £2k?
(the children's 123 account gives 3%, is that what you mean, or have I missed something?)

almanak

Zanderman said:

There is no such awesome 5% offers as before with Nationwide Flex for example.
Did I miss anything?

Which Santander current account gives 2% up to £2k?
(the children's 123 account gives 3%, is that what you mean, or have I missed something?)

http://moneyfacts.co.uk/current-accounts/high-interest-current-accounts

hah, yes I missed it it is for 13-18ys old (123 mini that's correct)

Zanderman

almanak said:

Zanderman said:

There is no such awesome 5% offers as before with Nationwide Flex for example.
Did I miss anything?

Which Santander current account gives 2% up to £2k?
(the children's 123 account gives 3%, is that what you mean, or have I missed something?)

http://moneyfacts.co.uk/current-accounts/high-interest-current-accounts

hah, yes I missed it it is for 13-18ys old (123 mini that's correct)

ok, so maybe edit your opening post!

The 2% from Nationwide is only for 12 months, so that's not what it seems at first glance either.

Which just leaves Virgin's 2% on £1k.

almanak

trickydicky14 said:

Costabit said:

Not exactly high interest but
Club Lloyds pays 0.6% on £4K and then 1.5% to £5k with a few hoops to go through re. DDs and pay in amounts etc

You get the same with BOS + vantage and you can have 3 of these

but are they counted as 3 separate current bank accounts? which means it will lower/worse your credit score/history?

colsten

almanak said:

trickydicky14 said:

Costabit said:

Not exactly high interest but
Club Lloyds pays 0.6% on £4K and then 1.5% to £5k with a few hoops to go through re. DDs and pay in amounts etc

You get the same with BOS + vantage and you can have 3 of these

but are they counted as 3 separate bank accounts? which means it will lower/worse your credit score/history?

Yes they are counted as 3 separate bank accounts. However, Halifax and BoS share a banking licence and one FSCS cover applies to both banks. 

Assuming they are well managed, holding multiple current accounts will not lower your creditworthiness. Multiple applications in a very short period could, however, temporarily limit your ability to obtain further credit accounts as the hard searches carried out at application time could be seen as desperation for credit. The hard searches will disappear from your credit files within 12 months, so if you are not planning to apply of a mortgage or large loan or credit card, they have no negative impact.

cattom

2% on 2k is not bad. I'm with virgin money. fairly happy with them. the best one I had was the old santander 123 account. where you got interest on your current account, and money back on your utility bills.all for £2 a month. then they increased the monthly charge to £5. and I said good bye.

almanak

Zanderman said:

almanak said:

Zanderman said:

There is no such awesome 5% offers as before with Nationwide Flex for example.
Did I miss anything?

Which Santander current account gives 2% up to £2k?
(the children's 123 account gives 3%, is that what you mean, or have I missed something?)

http://moneyfacts.co.uk/current-accounts/high-interest-current-accounts

hah, yes I missed it it is for 13-18ys old (123 mini that's correct)

ok, so maybe edit your opening post!

The 2% from Nationwide is only for 12 months, so that's not what it seems at first glance either.

Which just leaves Virgin's 2% on £1k.

my conclusion as well the reason I look at easy access savings account again as there is no such limitation on pay in savings which means you get more anyway if you have more funds