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  • FIRST POST
    • ruthhh
    • By ruthhh 8th Mar 18, 5:11 PM
    • 2Posts
    • 0Thanks
    ruthhh
    where to put savings with 123 acct
    • #1
    • 8th Mar 18, 5:11 PM
    where to put savings with 123 acct 8th Mar 18 at 5:11 PM
    ]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.
Page 1
    • xylophone
    • By xylophone 8th Mar 18, 5:28 PM
    • 25,374 Posts
    • 14,970 Thanks
    xylophone
    • #2
    • 8th Mar 18, 5:28 PM
    • #2
    • 8th Mar 18, 5:28 PM
    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.html
    • ruthhh
    • By ruthhh 8th Mar 18, 5:45 PM
    • 2 Posts
    • 0 Thanks
    ruthhh
    • #3
    • 8th Mar 18, 5:45 PM
    • #3
    • 8th Mar 18, 5:45 PM
    thanks willl look at those
    • AndyPK
    • By AndyPK 8th Mar 18, 6:32 PM
    • 2,839 Posts
    • 789 Thanks
    AndyPK
    • #4
    • 8th Mar 18, 6:32 PM
    • #4
    • 8th Mar 18, 6:32 PM
    found out about a natwest saver @ 1.5% for 5K today
    • capital0ne
    • By capital0ne 8th Mar 18, 6:37 PM
    • 481 Posts
    • 237 Thanks
    capital0ne
    • #5
    • 8th Mar 18, 6:37 PM
    • #5
    • 8th Mar 18, 6:37 PM
    Go for P2P, FundingCircle or RateSetter would be my choice
    • EachPenny
    • By EachPenny 8th Mar 18, 6:53 PM
    • 4,986 Posts
    • 13,267 Thanks
    EachPenny
    • #6
    • 8th Mar 18, 6:53 PM
    • #6
    • 8th Mar 18, 6:53 PM
    found out about a natwest saver @ 1.5% for 5K today
    Originally posted by AndyPK
    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"
    • AndyPK
    • By AndyPK 8th Mar 18, 6:55 PM
    • 2,839 Posts
    • 789 Thanks
    AndyPK
    • #7
    • 8th Mar 18, 6:55 PM
    • #7
    • 8th Mar 18, 6:55 PM
    rainy day option.. Humm. Not a bad idea.
    • where are we
    • By where are we 8th Mar 18, 7:10 PM
    • 221 Posts
    • 61 Thanks
    where are we
    • #8
    • 8th Mar 18, 7:10 PM
    • #8
    • 8th Mar 18, 7:10 PM
    Definitely go ahead with the Santander Regular e saver (issue 6). For 123 customers it pays 5% on 12 monthly payments of 200.
    • EachPenny
    • By EachPenny 8th Mar 18, 7:15 PM
    • 4,986 Posts
    • 13,267 Thanks
    EachPenny
    • #9
    • 8th Mar 18, 7:15 PM
    • #9
    • 8th Mar 18, 7:15 PM
    rainy day option.. Humm. Not a bad idea.
    Originally posted by AndyPK
    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"
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