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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