TSB 5%

Seems I already do it, sort of. Have been for a few years. Take out a 0% CC and put the money on it in savings somewhere. Less profitable now that savings rates are duff, and I don't have a mortgage, but I've been rolling through 0% CCs for a while purely to use the balance as savings.
 
You can have up to 6 of these accounts if you are married.

2 in your name
2 in partners name
2 Joint

So thats a total of upto £12k at 5%

I have 18 of these types of accounts with different banks and just have SO's setup to move the required limits around them all once a month. Easy cash
 
Just get a Santander 123.

£1,000+ = 1.00% AER gross (variable)
£2,000+ = 2.00% AER/1.98% gross (variable)
£3,000 to £20,000 = 3.00% AER/2.96% gross (variable)

Plus 1-3% cashback on household bills. http://www.santander.co.uk/uk/current-accounts/123-current-account

It's what we've got purely for our savings and bills. I have a SO for £500 every month from our Lloyd's current account and £250 coming back to cover the bills coming out and the min payment requirement.
 
You can open 2x TSB CA's and earn 5% on £4k (£2k in each). I have £2k in each account, transfer in £501 each month and then transfer £501 + the interest back out the next day.
 
Currently have three Santander123 accounts and the wife is opening another in her name on Friday. 3% AeR is better than the 1.2% we were getting in a high interest savings account!
 
If you've got that much cash sitting around in a bank account, you would be better investing it somewhere, even peer to peer will give you better returns.
 
Jokester said:
If you've got that much cash sitting around in a bank account, you would be better investing it somewhere, even peer to peer will give you better returns.
Click to expand...

Is that aimed at me, or the Guy with half a billion spread across eleventy billion accounts? :p

The 123 account is good, but you'd still better off sticking 2k in a TSB account.

Primary aim is overpayments on a mortgage tho, massive savings to be had there. Just need someone to build houses near me!
 
Excuse the ignorance whats peer to peer ?

Was considering santander 123 sounds simple and good returns.
 
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