Wednesday 20 August 2014

Earn Interest

Is your current account paying you interest?

If not consider the following saving options, as most ISA's aren't much better at the moment

Santander
123 -  £2 fee pay in £500 monthly have 2 direct debits
Interest starts from £1000 at 1%,  maximum 3% from £3000 to £20,000 then YOU earn interest on your household direct debits - this should be significantly more than the £2 fee.

Tesco
£5 fee but pay in £750 monthly no fee charged
Interest 3% but maximum balance of £3000

Lloyds 
Club Lloyds - £5 fee, have 2 direct debits &  pay in £1,500 monthly then no fee charged
Interest starts at 1%

TSB
Classic Plus - no fee, pay in £500 monthly & register for Internet banking earn 5% Interest (3.91% net) maximum £2000

Halifax
Reward - No fee, They still offer £100 for switching to this Account
Pay in £750 monthly and have 2 direct debits they pay YOU £5 each month (potentially £160 after a year!)


Co-Operative Bank
£125 for switching to current account - that is £100 for you and £25 to a charity of your choice
Set up 2 direct debits and pay in £800 within first 31 days of switching 








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