Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • rugger68
    • By rugger68 9th Feb 18, 7:21 AM
    • 1Posts
    • 0Thanks
    Help with interest on capital
    • #1
    • 9th Feb 18, 7:21 AM
    Help with interest on capital 9th Feb 18 at 7:21 AM
    At present I bank with First Direct, I am looking to move some money to an account to earn me some interest does anyone have any suggestions.
Page 1
    • binaryuniverse
    • By binaryuniverse 9th Feb 18, 7:32 AM
    • 652 Posts
    • 416 Thanks
    • #2
    • 9th Feb 18, 7:32 AM
    • #2
    • 9th Feb 18, 7:32 AM
    What sort of amount are you looking to shift?

    First Direct offer a regular saver, with 5% interest. You can put up to 300 a month in to it. If you have a lump sum, look to open a interest paying current account, then move 300 to the regular saver.

    Top interest paying accounts are:
    Nationwide Flexdirect. 5% on up to 2500 for 12 months. No direct debits needed. Just pay in 1000 a month.

    Tesco. 3% up to 3000. And you an open 2 accounts. Each account needs 3 direct debits to pay out each month, and 750 paid in.

    TSB. 3% on up to 1500. Must pay in 500 a month, opt for paperless banking, and log in to banking at least once a month.
    • Zanderman
    • By Zanderman 9th Feb 18, 7:52 AM
    • 1,517 Posts
    • 4,017 Thanks
    • #3
    • 9th Feb 18, 7:52 AM
    • #3
    • 9th Feb 18, 7:52 AM
    Read through the MSE guide at
    • Kim_13
    • By Kim_13 9th Feb 18, 8:54 AM
    • 1,901 Posts
    • 2,035 Thanks
    • #4
    • 9th Feb 18, 8:54 AM
    • #4
    • 9th Feb 18, 8:54 AM
    You might also find the MSE guide to regular savings accounts of interest, as they offer comparable rates of interest to the current accounts, albeit on small amounts of money:

    Depending on the sum involved, dripping the remaining amount into such accounts may be the only way to beat the rates offered by standard savings accounts.

    Are you looking to buy a first home at all? It's worth looking at Help to Buy or Lifetime ISA's in this case, due to the 25% government bonus.
    Sealed Pot 11 #520 ~ /100
    VSP 2018 #9 ~ 19.55/180.00
    CCCC 2018 #1 ~ 20.75/180.00
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

159Posts Today

2,715Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line?

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin