31 Mar 2016

A question about : High Interest "Current" Account

I wish to open an account with at least Ј50k. From that account regular weekly payments will be made circa Ј100 each week. It is not expected to make further deposits to the account. What is the best bank/account for this situation?

Best answers:

  • The maximum current account balance you will be paid interest on is Ј20,000 with Santander. Ј5,000 with Lloyds, Bank of Scotland.
  • To maximise your interest you'd need to split the monies over multiple accounts. If you are interested in doing that or willing to take less money by having a single account is up to you
Category: 
Budgeting & Bank Accounts
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