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Barkin said:Middle_of_the_Road said:madlyn said:Barkin said:
Accounts that 'keep running' will usually be variable rates. Therefore are likely to reduce further the way the forecast is looking.
At the end of the 12 months, the money+interest is moved to a normal savings account (at a poor interest rate, which may not matter if the funds are withdrawn to pay expected expenses) and the RS starts again, with the same account number etc, so there's no need to faff around with a new standing order or whatever.
Just a thought - there must be lots of products that would suit...
How it worksWe'll open an Everyday Saver account as part of this application. After 12 months, any money you’ve saved in your Regular Saver plus interest will transfer into your Everyday Saver account. Then your Regular Saver will renew for another 12 months.If you close the Everyday Saver, your savings will stay in your Regular Saver and after 12 months we’ll change that to an Everyday Saver.You can only access your savings during the 12 month term if you close the Regular Saver account.0 -
Barkin said:Middle_of_the_Road said:madlyn said:Barkin said:
Accounts that 'keep running' will usually be variable rates. Therefore are likely to reduce further the way the forecast is looking.
At the end of the 12 months, the money+interest is moved to a normal savings account (at a poor interest rate, which may not matter if the funds are withdrawn to pay expected expenses) and the RS starts again, with the same account number etc, so there's no need to faff around with a new standing order or whatever.
Just a thought - there must be lots of products that would suit...SPC 0370 -
Middle_of_the_Road said:
As you say, and as I assumed, it may be OK given that the OP only mentioned two bills.2 -
Middle_of_the_Road said:Barkin said:Middle_of_the_Road said:madlyn said:Barkin said:
Accounts that 'keep running' will usually be variable rates. Therefore are likely to reduce further the way the forecast is looking.
At the end of the 12 months, the money+interest is moved to a normal savings account (at a poor interest rate, which may not matter if the funds are withdrawn to pay expected expenses) and the RS starts again, with the same account number etc, so there's no need to faff around with a new standing order or whatever.
Just a thought - there must be lots of products that would suit...
If they're together, then it's easy to choose a suitable date to open an account.1 -
madlyn said:Barkin said:Middle_of_the_Road said:madlyn said:Barkin said:
Accounts that 'keep running' will usually be variable rates. Therefore are likely to reduce further the way the forecast is looking.
At the end of the 12 months, the money+interest is moved to a normal savings account (at a poor interest rate, which may not matter if the funds are withdrawn to pay expected expenses) and the RS starts again, with the same account number etc, so there's no need to faff around with a new standing order or whatever.
Just a thought - there must be lots of products that would suit...0 -
Look at https://www.moneysavingexpert.com/savings/best-regular-savings-accounts/ and find one that allows however many withdrawals you want
If you want one that doesn't mature after a year and keeps running, go for Natwest0 -
Barkin said:Middle_of_the_Road said:
As you say, and as I assumed, it may be OK given that the OP only mentioned two bills.
For instant access Chase seems to be the easiest proposition. A Chase current account would be needed, but they're the easiest to open amongst the options available.0 -
madlyn said:Barkin said:
No. You can make as many withdrawals as you wish, but the rate reduces after the third.
As you say, and as I assumed, it may be OK given that the OP only mentioned two bills.0 -
madlyn said:Barkin said:1
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