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    • JusinScot
    • By JusinScot 14th Jul 17, 10:45 AM
    • 11Posts
    • 1Thanks
    25k for 9-12 months
    • #1
    • 14th Jul 17, 10:45 AM
    25k for 9-12 months 14th Jul 17 at 10:45 AM
    I've had to postpone my home renovations till spring/early summer next year. That means I have 25k sitting in my bank and depreciating.

    I have TSB and HSBC accounts that use up my direct debit and credits.

    I don't mind spreading the money across different accounts to maximise my returns but I don't have many direct debits left.

    So what are my options?

    Thanks in advance
Page 1
    • xylophone
    • By xylophone 14th Jul 17, 11:25 AM
    • 25,371 Posts
    • 14,967 Thanks
    • #2
    • 14th Jul 17, 11:25 AM
    • #2
    • 14th Jul 17, 11:25 AM
    You might open Tesco Savings accounts for DD purposes for BOS and other accounts.

    Three BOS current accounts with 1000 monthly cycling round the three would give you 15,000 @ 2%.

    You might consider a Nationwide Flexdirect with Flexclusive regular saver.

    You might consider a Lloyds Club account.

    You can cycle money round to meet input requirements.
    • nbrewitt
    • By nbrewitt 14th Jul 17, 12:46 PM
    • 41 Posts
    • 22 Thanks
    • #3
    • 14th Jul 17, 12:46 PM
    • #3
    • 14th Jul 17, 12:46 PM
    Leave it in Premium Bonds, you never know, the odds are favourable that you will at least win something with that amount over such a time span and they're easy to cash in when you need the money.
    • ColdIron
    • By ColdIron 14th Jul 17, 2:04 PM
    • 4,148 Posts
    • 5,230 Thanks
    • #4
    • 14th Jul 17, 2:04 PM
    • #4
    • 14th Jul 17, 2:04 PM
    Don't forget that you must wait one calendar month after deposit before being eligible for the draw, right now that means September
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