Urgent advice needed

drpachu

I am at the verge of selling my house.Will be getting some extra cash from equity release.My question is what is best,least time consuming way to get the money form the sale-Cheque free but takes time to come nto account,also goes into current account with poor interest.Time again on transferring it to toher accounts.
Bank transfer there is a 35 quid charge,but again where to?can I opena savings ccount and ask for ttransfer?
any one with similar experience?

Mikeyorks

The trick is to have a savings account adjacent to your current account .... so you can make an instant online transfer. Interest wise it's probably best to pay for a CHAPS transfer direct to your current account. That arrives as cleared funds - and you move it immediately to the savings account?

drpachu

Thanks.I am doing the same.Will use the savings account as a parking account and then start shifting it away.