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  • FIRST POST
    • fh2901
    • By fh2901 12th Jan 19, 9:17 PM
    • 8Posts
    • 32Thanks
    fh2901
    Making 100/month work as hard as possible!
    • #1
    • 12th Jan 19, 9:17 PM
    Making 100/month work as hard as possible! 12th Jan 19 at 9:17 PM
    Hi, hope I'm not going to be ridiculed, seeing the amounts some people save! I save 100 monthly into a "car" account. Mainly to cover depreciation, for when I next change cars, but also as a backstop for any unexpected bills.

    I had a Regular Saver account linked to my First Direct 1st account, which matured just as I needed it for my latest car change. I now need to set up something new. The issue I had with the FD account was that it locked in the money, which I'd like to avoid if possible (OK to be limited to one or two withdrawals p/a), and I'd also like something I don't need to replace every year.

    Happy to move my "bills / DDs" current account away from Halifax, if that gives me access to better rates; I nearly went back to Santander with their Regular e-Saver, but there are so many other options, I got account-blindness and gave up!

    Any tips at all, please? Current institutions I have accounts with: Post Office (CC), Sainsbury's Bank (CC, to be cancelled once the 0% deal expires in June), various First Direct, Coventry mortgage, Halifax current acc.
Page 1
    • YorkshireBoy
    • By YorkshireBoy 12th Jan 19, 9:27 PM
    • 30,415 Posts
    • 18,316 Thanks
    YorkshireBoy
    • #2
    • 12th Jan 19, 9:27 PM
    • #2
    • 12th Jan 19, 9:27 PM
    Nationwide regular saver pays 5% on up to 250/mth. Same 5% rate as FD but can withdraw for emergencies.

    Just get yourself an eligible main account with them first. If you do decide to switch to Nationwide get yourself referred by a friend for 100 each.
    Last edited by YorkshireBoy; 12-01-2019 at 9:29 PM.
    • fh2901
    • By fh2901 12th Jan 19, 9:56 PM
    • 8 Posts
    • 32 Thanks
    fh2901
    • #3
    • 12th Jan 19, 9:56 PM
    • #3
    • 12th Jan 19, 9:56 PM
    If you do decide to switch to Nationwide get yourself referred by a friend for 100 each.
    Originally posted by YorkshireBoy
    Thanks for the tip - my Mum's with Nationwide, so I could ask her to refer me.
    • Red-Squirrel
    • By Red-Squirrel 12th Jan 19, 10:33 PM
    • 4,021 Posts
    • 10,788 Thanks
    Red-Squirrel
    • #4
    • 12th Jan 19, 10:33 PM
    • #4
    • 12th Jan 19, 10:33 PM
    I've just opened a TSB current account which pays 5% on balances up to 1500. You don't have to switch and the only requirements are to pay in 500 a month (can be the same 500 going out and back in again) and to sign up for paperless/online banking.

    Open it in branch if you go for that one, their IT is terrible but the branch staff are really good.
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