Halifax £100 for almost nothing!

Excellent point.

We are not currently investing in p2p at present in fact actively off loading to more safety - less returns though sadly!.

We are in the fortunate position that we keep £5000 in each of our HFX accounts and just move £1500 back and forth from each of our HFX accounts for both of us to comply with the criteria to get the £5. We then move £5 (£6.25 for non tax payers) on to other interest bearing accounts. Works out at roughly 1.20% (1.5% with tax back) in the HFX account and not including the additional returns on the moved £5.

Others will make it work for themselves I guess but we use other rewards based cards to pay bills etc.

Sorry you had problems, I hate it when things go wrong, I guess that's one of the luxuries of retirement as its less of a burden trying to sort things out - not that I like having to do these things. 

We have been lucky with hfx this time!. I put 5000 in both our accounts and set up set up monthly reciprocal £1500 payments from that £5000 on the same days to each other to meet the £5 criteria. Seems to have worked so far even on weekends as they are both hfx accounts so same transfer dates are easier. The £5's are set to transfer to our day to day bank account approx 7 days after they are due to arrive into the hfx accounts to allow for W/E and Bank hols etc. At the end of it all I will takes all of Mrs Aju's £5 and claim the tax back for her (I think that still works with hfx £5 as the tax is taken at source by hfx). If at the end of the year I personally have not used up my tax free allowances then I will claim the same for me too. That's the plan anyway. ( I also have the 2% regular saver as well!).
 
So all in all apart from the odd checks every now and again in our case it works quite autonomously - well it has so far probably will break next month as I've said this. . We recently lost the interest on our 4 TSB accounts (they dropped it to Zero) so we had 6k spare and I just pushed it into PB's as late as possible, although to be fair were only getting 0.5% on the 6000 in Marcus. 

Thx, I hate it when the banking fraternity all corroborate with each other. Bunch of lemmings if you ask me but hey I got in whilst the non investment returns were higher than it is today of course 6-12 months down the line it will be a bit more difficult to get good returns. That said 0.5% will be good probably by then  

Marcus is our current day to day fund store (movement in and out to our current accounts as required is a bit of a faff but at least all spare money is working as best it can in the current climate!.

M&S pulling all current accounts and Monthly saver  in Aug


www.theguardian.com/money/2021/mar/06/marks-and-spencer-bank-to-shut-all-current-accounts-and-in-store-branches