Seeking alternative account

bristolleedsfan

Milarky wrote: »

Although this works perfectly well to reach the required funding each month, this particular account requires a certain discipline (cf the Nationwide account, for instance) If you don't fund it to at least £1000 in two successive months then not only do you lose the good rate for those months (as you would elsewhere) but you then have to 're-fund' to at least £1K for the next three months before you can get the rate back again (and during those three months you'd need to keep the money somewhere where it could earn a fair rate.)

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Are u referring to Nationwide Flexi Account, Halifax Current Account or both.

Trying_to_be_good

I think the long and short of it is that you're not actually doing too bad with Nationwide, and it'll be a lot less hassle to stick with them and be disciplined about sweeping all but a small float into your e-savings account, and only back to the flexaccount when you need it.

It might make a few pence less, but time is money to some extent and it takes a significant amount of interest to make the effort of shifting worthwhile!

ultraviolent

Many thanks Trying to be good, that was the advice I've been looking for!