Reply to: Santander current account

[d000hg]

I never see the logic of all this messing about for 2.30/week. Just take one week less off a year and make £2k+ times 2 /shrug

While you're right, it's the principle and people who bother with this at a small scale probably do at the larger scale too.

Look after the pennies...

[MarillionFan]

I never see the logic of all this messing about for 2.30/week. Just take one week less off a year and make £2k+ times 2 /shrug

Money for Nothing and your cheques for free.

[tractor]

.

New Club Lloyds current account offers 4% - Money Saving Expert

No brainer. See comparison list above.

I've got two, no switch just set up.

There are some tricks you can use here.

You can tie some of these accounts together. I know someone who pays into the Halifax account each month x 2 to get the 5per month (So £120 per year for free) and then cycles it into the Santander account and then back again, which is a bit sneaky.

The Halifax children's saver pays 6% which is a handy way to hide a bit of interest free savings if you know what I mean and Lloyd's has just added a 4% account. If you've got the time you can boost it. Santander top though.

I never see the logic of all this messing about for 2.30/week. Just take one week less off a year and make £2k+ times 2 /shrug

[xoggoth]

That looks good MF but interest is only on balances up to 5k. I've got at least 15.

In principle I could get one of those too, move a couple of SOs and pay !000pm from another account each month but 3 accounts all seems a bit complicated for an extra 50 quid.

PS Your mate's arrangement of shuffling money around between various accounts seems far to much hassle for me but for those who don't mind doing it, seems the best way to go.

PPS Just in case anyone is interested in that route, most of these accounts seem to demand certain payments in. Payments out are not specified so recycling the same money between various accounts looks workable and legal. (For those who can be arsed)

[MarillionFan]

New Club Lloyds current account offers 4% - Money Saving Expert

No brainer. See comparison list above.

I've got two, no switch just set up.

There are some tricks you can use here.

You can tie some of these accounts together. I know someone who pays into the Halifax account each month x 2 to get the 5per month (So £120 per year for free) and then cycles it into the Santander account and then back again, which is a bit sneaky.

The Halifax children's saver pays 6% which is a handy way to hide a bit of interest free savings if you know what I mean and Lloyd's has just added a 4% account. If you've got the time you can boost it. Santander top though.

[d000hg]

1-2-3 is a great account. We also have the 1-2-3 credit card which can be worth it depending on your spending patterns (there is an annual fee to consider).

[TheFaQQer]

I just logged on to my business account. Thereunder shows my nice shiny new 123 personal account.

Then logged on to my personal account. The 123 account also shows there (with the same number). So seems you can link business and personal to the same login (whether or not you actually want to!)

If I use internet banking, my business login shows my 123 accounts.

My personal login doesn't show my business accounts though.

I didn't use a switcher service, though, because I wanted to keep the old account - I just set up my two direct debits and changed my salary to go into the new account.

[Uncle Albert]

We've got three at the moment. One joint and one for me & the Mrs. Not had any pronlems for the last 6 months or so since we've had them.

[xoggoth]

Been ok for my business accounts too, so far. Just opened an account and when got details will transfer my various low interest cash amounts, sufficient of my pension payments to exceed £500 pm and just the bills that qualify for cashbacks. Will Leave the rest as is with Natwest.

[jmo21]

I've got 2 ( single, before they introduced the 2nd account must be joint rule) never had any issues

[mudskipper]

I just logged on to my business account. Thereunder shows my nice shiny new 123 personal account.

Then logged on to my personal account. The 123 account also shows there (with the same number). So seems you can link business and personal to the same login (whether or not you actually want to!)

[xoggoth]

Cheers. darn it! May have to move stuff manually. Sound a hastle.

PS Yer right. What fun!

http://www.paymentscouncil.org.uk/switch_service/faqs/

[mudskipper]

Yeh! I have a risk free pilot study! Ta MS.

I have a business account with them, might be useful if the accounts can be linked. Linked is not confused of course. Do you get the option to keep your old account open?

If you use the switcher service, the old account is closed as part of the service.

There are separate logons for personal and business (I already have my ISA with them). Just the communications that get confused.

[xoggoth]

Yeh! I have a risk free pilot study! Ta MS.

I have a business account with them, might be useful if the accounts can be linked. Linked is not confused of course. Do you get the option to keep your old account open?

Ah. You just posted. Sounds pretty crazy, that's why I want to keep my old account open as all these perks are bound to go at some time and Natwest just works better. Plus I have had my account for so long I am rather fond of it.

[mudskipper]

And the result is, sod all. "It's because you're the account holder on both accounts, we just send the email to the first record that matches". FFS. They can't (won't) fix it, so myCo will continue to get emails relating to my personal accounts.