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where to put savings with 123 acct
ruthhh
Posts: 2 Newbie
]I have a 123 santander acct with £20,000 in , gaining all the perks from direct debits ,utility bills etc. I have £5,000 + to put somewhere . I am thinking of santander e saver. Wondering what people would suggest.
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Comments
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Have you ever had a Nationwide Flexdirect account?
You might open one of these and deposit £2500 - 5% on this for a year - you can cycle in/out the required monthly £1000 from Santander.
https://www.nationwide.co.uk/products/current-accounts/flexdirect/features-and-benefits
Also Flex regular saver @5%
https://www.nationwide.co.uk/products/savings/flex-regular-online-saver/features-and-benefits
Other savings rates
http://www.thisismoney.co.uk/money/article-1583859/Best-savings-rates-General-savings-Internet-branch.html0 -
thanks willl look at those0
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found out about a natwest saver @ 1.5% for £5K today0
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Go for P2P, FundingCircle or RateSetter would be my choice0
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found out about a natwest saver @ 1.5% for £5K today
Makes a lot of sense, especially if you already have a NatWest current account. It isn't the best interest rate out there, but beats most instant access accounts for deposits below £5k.
If I didn't have one already I'd open one - even if I didn't fully fund it yet - to have as a rainy day option."In the future, everyone will be rich for 15 minutes"0 -
rainy day option.. Humm. Not a bad idea.0
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Definitely go ahead with the Santander Regular e saver (issue 6). For 123 customers it pays 5% on 12 monthly payments of £200.0
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rainy day option.. Humm. Not a bad idea.
Just make sure you fully read and understand the T&C's very carefully
To earn the interest you need to increase the balance on the 'second last' working day by £100 compared to the previous month. (£50 from April).
There's various ways of achieving this, and money can be taken out during the month so long as the balance is topped up for that crucial second-last day."In the future, everyone will be rich for 15 minutes"0
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