Interest On Your Accounts

[jennyjoan]

Advice please - I have two accounts

1. Current Account with a very low amount of money but interest rate today 0.75%

2. Instant Saver with a large amount of money (for me) with interest rate of 0.10%


All my debts etc are paid from the Current Account etc

but some months ago my current account had been hacked into and so the banker suggested transferring to the Instant Saver account to keep "my monies" safe.

Would you move the monies again to gain the bigger interest rate. I;m not too good with all this so forgive me.

Or shall I leave things alone. I think a few weeks ago the interest for the Current Account had gone up to 1.75%.

[jennyjoan]

ok - had a wee nosey on the Premium Bonds account and wouldn't it be me - they are doing essential work from 5 today until tomorrow if you want to join.

Prudie - it would be savings account as this money is with Santander for quite a long time so it should have been Premium Bonds all these years but I will keep myself right with the current account.

God I am a rich woman dead. LOL And now I will have to change my will to let beneficiaries where the money is now. But that'll be ok as my witnesses will do that for me - unless the HOME gets me. Thanks all guys.

[barry1010]

£25 is the minimum investment. Lots of banks are paying £100+ to switch current accounts. I've switched 3 times so far this year

[Hazlinny]

jj/ My advice would be not to rush into things - think the suggestions over then decide what would really be best for you. No interest from Premium Bonds and no guarantee that you will be winning every month!

[jennyjoan]

I know Hazlinny but sure I am getting sweet nothing from where the money is now. I'll be alright but thanks for your concern.

[bednobs]

the premium bond website is not closed for me.

[Tilly2]

JJ, have a look at Saga Instant Access Savings account.

1.35% at the moment.

[jennyjoan]

G

Tilly looked at saga. To join you have to phone which I can't do

[Tilly2]

No, you don't, JJ. You can do it all online.
You just need to have your mobile, so that they can send you a verification number.

[jennyjoan]

ok Tilly - will peruse the site a bit more and if I can't try online - I will if I can email them for advice. Thanks for letting me know.