Money, investing, mutuals etc
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planteria
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by planteria » Sun Apr 26, 2020 8:28 am
cccashbacklover wrote: ↑Sat Apr 25, 2020 9:54 am
I think those who are blessed with wisdom are intending to fund certain own savings account(s) by Halifax debit card minimum £500 per month, tests have shown that such a payment get itemised on Halifax account as "purchase"
Next question, which own accounts/savings accounts can be funded by DC
https://forums.moneysavingexpert.com/di ... ccounts/p1
interesting.. so with adding a layer of 'purchases' the game can roll on. not sure it's worth it - but will check out.
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AAAlphaThunder
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by AAAlphaThunder » Sun Apr 26, 2020 10:00 am
planteria wrote: ↑Sun Apr 26, 2020 8:28 am
cccashbacklover wrote: ↑Sat Apr 25, 2020 9:54 am
I think those who are blessed with wisdom are intending to fund certain own savings account(s) by Halifax debit card minimum £500 per month, tests have shown that such a payment get itemised on Halifax account as "purchase"
Next question, which own accounts/savings accounts can be funded by DC
https://forums.moneysavingexpert.com/di ... ccounts/p1
interesting.. so with adding a layer of 'purchases' the game can roll on. not sure it's worth it - but will check out.
Not as lucrative as it once was.
[Secretary] imutual Cashback Investment Club
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cccashbacklover
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by cccashbacklover » Sun Apr 26, 2020 10:22 am
AAAlphaThunder wrote: ↑Sun Apr 26, 2020 10:00 am
Not as lucrative as it once was.
£3.00 a month more than it is now just for example making a £500 payment to own Yorkshire BS Internet saver or Post Office Online Saver each month and then bouncing the money back to another account after it has cleared and funding Halifax account with £1500 per month.
Last edited by
cccashbacklover on Mon May 18, 2020 3:46 pm, edited 1 time in total.
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Sarah
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by Sarah » Tue May 05, 2020 8:30 am
expressman33 wrote: ↑Tue Jan 14, 2020 3:11 pm
Santander are cutting the 123 interest rate from 1.5% to 1.0% on 5/5/20
This change takes effect today. Just seen on the website they're also cutting the rate
again to 0.60% on 3/8/20!
https://www.santander.co.uk/personal/cu ... nt-account
I'll be downgrading from Santander Select to 123 Lite once my next interest payment has been credited. That account pays no interest but has lower £1 monthly fee.
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planteria
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by planteria » Tue May 05, 2020 9:19 am
is there not an account with Santander that doesn't attract a fee?
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Sarah
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by Sarah » Tue May 05, 2020 9:37 am
planteria wrote: ↑Tue May 05, 2020 9:19 am
is there not an account with Santander that doesn't attract a fee?
Yes, the Everyday Current Account has no fee but also doesn't have any interesting benefits. The 123 Lite account pays cashback on bills that can more than offset the fee, so still a worthwhile option.
https://www.santander.co.uk/personal/cu ... nt-account
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rayf
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by rayf » Tue May 05, 2020 11:58 am
Are there any new accounts that are offering £100 or so to transfer to? Or any accounts that are worth having at the moment?
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expressman33
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by expressman33 » Tue May 05, 2020 6:15 pm
Sarah wrote: ↑Tue May 05, 2020 9:37 am
planteria wrote: ↑Tue May 05, 2020 9:19 am
is there not an account with Santander that doesn't attract a fee?
Yes, the Everyday Current Account has no fee but also doesn't have any interesting benefits. The 123 Lite account pays cashback on bills that can more than offset the fee, so still a worthwhile option.
https://www.santander.co.uk/personal/cu ... nt-account
Do you have to wait until you get current months interest before switching from a 123 a/c to 123 lite ?
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Sarah
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by Sarah » Tue May 05, 2020 7:18 pm
I don't know for sure, however the last time I asked Santander a similarly critical question about dates, they gave me an incorrect answer. Therefore I'm not inclined to ask and trust their answer, so will await my interest, which is due in 2 days time.
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