ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329 
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Post by ilmoro on May 2, 2016 20:38:35 GMT
Ive just had a quick read on the tsb website it seems that it's max at £2000 per person though, never mind!! Yes, they moved the goalposts a few weeks ago. At one point, if circumstances played out, you could have had 5 accounts, and maybe up to 15, if you were a couple. (Assuming TSB didnt notice - havent noticed my personal 4 yet  )
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ben
Posts: 2,020
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Post by ben on May 2, 2016 20:50:18 GMT
for big amounts 123 is probably only one next best is the LLyods, also has a montly saver of £400 a month so if have two accoutns thats £800 a month on top of the £8000
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david42
Member of DD Central
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Post by david42 on May 2, 2016 23:21:40 GMT
As well as Santander 123, you can open up to three Bank of Scotland Vantage accounts which pay 3% on balances of £3,000 to £5,000. You need to pay in at least £1,000 per month to each account. www.bankofscotland.co.uk/bankaccounts/vantage/ |
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Post by retired2005 on May 3, 2016 8:22:49 GMT
Do you guys not suscribe to moneysavingexpert.com ?
The forum has a section called 'Budgeting and bank accounts' and another called 'savings and investments' and these are a great source of info for high interest paying accounts etc.
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ben
Posts: 2,020
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Post by ben on May 3, 2016 8:28:02 GMT
I think most people on here pretty much have the full set there has been a few posts previously about them.
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Post by retired2005 on May 3, 2016 8:40:14 GMT
I'm currently (no pun intended) juggling 22 current accounts.......
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pom
Member of DD Central
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Post by pom on May 3, 2016 9:20:31 GMT
I'm currently (no pun intended) juggling 22 current accounts....... Wow !!
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Post by Deleted on May 3, 2016 11:14:46 GMT
Renting a time machine, so I can go back to last August and place it all on Leicester to win the Premier League (5000:1) Congratulations Leicester City - the near impossible can happen.  |
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gurberly
Member of DD Central
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Post by gurberly on May 3, 2016 11:28:31 GMT
Ive just had a quick read on the tsb website it seems that it's max at £2000 per person though, never mind!!
My wife and I were only allowed to open three, one each and a joint a/c.... though we had to go into a branch to open it the joint as we could not do it online.
Nationwide also do a 5% current account but its limited to 1 year at that rate then drops.
As already mentioned, go over to the MSE pages and Forum. Tons of up to date info there.
And as to the poll question,
I've taken the interest this time to diversify elsewhere
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micky
Member of DD Central
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Post by micky on May 3, 2016 14:41:47 GMT
Many thanks thanks for taking the time to reply. Basically I'm aware of most of them but just finding what is popular and if anything else is suggested.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
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Post by littleoldlady on May 14, 2016 18:04:17 GMT
Renting a time machine, so I can go back to last August and place it all on Leicester to win the Premier League (5000:1) Congratulations Leicester City - the near impossible can happen. I was not smart enough to bet on them a year ago but I did have a flutter around Xmas time when they were 17:1 and top of the table!
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Post by harvey on May 16, 2016 0:21:11 GMT
I withdraw my interest in full at the start of every month and I use it to pay my bills and live off. I'm not working at the moment for personal reasons I won't bore you with that it provides me with a very handy income to pay all my bills without digging much into my capital so unfortunately I don't have the luxury position of being able to re invest my interest to earn compound interest and I withdraw my interest in full for living expenses at the end or rather the start of every month..
Another big bonus for me is because I'm not working and I don't claim any benefits or anything like that my only income is from my Investments like saving stream and some safe money in the bank and building society earning me 2% and I keep it all running at a level so that my total interest comes to just under my personal tax threshold for the year and therefore I don't have to pay any tax on it and I keep the full 12% so as you can see it's a very good program for me.
That's also why it's very frustrating for me to see my money in savings stream that's actually invested in loans and earning me interest going down over the last couple of months when things have been repaid and my allocations in new loans haven't matched them and I've now got a few thousand in my available funds that aren't earning for me because that means at the end of this month I will have less money to live on next month
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on May 16, 2016 8:11:26 GMT
I withdraw my interest in full at the start of every month and I use it to pay my bills and live off. I'm not working at the moment for personal reasons I won't bore you with that it provides me with a very handy income to pay all my bills without digging much into my capital so unfortunately I don't have the luxury position of being able to re invest my interest to earn compound interest and I withdraw my interest in full for living expenses at the end or rather the start of every month.. Another big bonus for me is because I'm not working and I don't claim any benefits or anything like that my only income is from my Investments like saving stream and some safe money in the bank and building society earning me 2% and I keep it all running at a level so that my total interest comes to just under my personal tax threshold for the year and therefore I don't have to pay any tax on it and I keep the full 12% so as you can see it's a very good program for me. That's also why it's very frustrating for me to see my money in savings stream that's actually invested in loans and earning me interest going down over the last couple of months when things have been repaid and my allocations in new loans haven't matched them and I've now got a few thousand in my available funds that aren't earning for me because that means at the end of this month I will have less money to live on next month What you are doing goes against all the "expert" advice - don't invest more than you can afford to lose etc. But in your circumstances it is hard to see any alternative. I hope for both our sakes that things don't go belly up.
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Post by Deleted on Jun 27, 2016 9:46:00 GMT
Are most still looking to reinvest their interest after the vote for brexit ? Do other P2P sites really offer less risk ?
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Liz
Member of DD Central
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Post by Liz on Jun 27, 2016 10:01:53 GMT
Are most still looking to reinvest their interest after the vote for brexit ? Do other P2P sites really offer less risk ? I don't know what to do with it, I might just keep it in cash.
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