Probably not worth it at all for me with either. £27 a year with the 123 and £19 a year with the edge on my current bills. Will consider again if my bills drastically increase
Thanks Andy for this great info! I’m newly arrived to the UK, needing to open a local bank account. Relatively high income earner but no established credit here in the UK yet. Ideally would want an account with high interest AND availability internationally. My wife is against the online only banks, preferring the reassurance of walking into a branch. Santander is my top choice right now. Is there another bank we should consider? Don’t mind paying a reasonable monthly fee. I’ll check out your other resources, thanks so much!
we have the old 123 joint account,we have recently added £20,000 but we wondered if there is a easy access account which would give a higher interest rate?
Hi Andy. Any decent cashback credit or debit cards? I have Chase, but my 1 year is coming to an end. I also have an American Express Everyday Platinum, but it's only 0.5%.
Thank you for the video. Just came across your channel. Please can you advise the best savings account for 85,000? Not sure about the Chip Account?? Santander is only 1.5% for its E-Saver.
Hi Andy. Would you suggest to split your savings that are over 85k into different saving accounts, so that you are protected by the fscs or would it be best to put all your savings into one high interest savings account. ?
My water bill is included in my service charge, so I don't think I can get the cashback on that. I got a Santander Mortgage so I'm probably more worth to swap than others but it looks like I'd be losing out on £1 a month not having water on it.
Yes you will lose out on that. Also, just remember the £5 cap on each tier, so though the mortgage is a great extra to earn on, it’ll be along with council tax, tv etc
Hi Andy, woth regards to the 2% back on gas and electricity. If I up my dd to 250 a month, then I get 2% and that's a fiver right? Current one is only 125 but I'd be happy to up it. If the money sat in the joint account it would get spent before you say you get 2% anyway
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Hi Andy, can you also do a comparison of ISAs and LISAs available since financial year is ending and people might want to switch
I switched to the edge. Andy you should have made it clear on previous video that you need a saving account on edge to get 4% on 4000
I have the Santander lite!! It’s okay so far
Yeah it’s the better one!
Probably not worth it at all for me with either. £27 a year with the 123 and £19 a year with the edge on my current bills. Will consider again if my bills drastically increase
Same, never thought this was worth the micro management and set up time. I'd rather use my spaces in starling and manage my money easier
Thanks Andy for this great info! I’m newly arrived to the UK, needing to open a local bank account. Relatively high income earner but no established credit here in the UK yet. Ideally would want an account with high interest AND availability internationally. My wife is against the online only banks, preferring the reassurance of walking into a branch. Santander is my top choice right now. Is there another bank we should consider? Don’t mind paying a reasonable monthly fee. I’ll check out your other resources, thanks so much!
we have the old 123 joint account,we have recently added £20,000 but we wondered if there is a easy access account which would give a higher interest rate?
I went for the one that does cashback on my mortgage I have a santander one
That makes sense!
Can't believe I missed the account switch on the 9th 🙈
Hi Andy. Any decent cashback credit or debit cards? I have Chase, but my 1 year is coming to an end. I also have an American Express Everyday Platinum, but it's only 0.5%.
is this a safe bank for students? havent heard much of it unlike barclays
Hi! I have the 123 account if i switch to the edge account will i keep my 123 account number
Thank you for the video. Just came across your channel. Please can you advise the best savings account for 85,000? Not sure about the Chip Account?? Santander is only 1.5% for its E-Saver.
Look at Zopa, Kroo and Chip they are the best at the moment for easy access
I’ve listed the best savings accounts at becleverwithyourcash.com/savings
@@BeCleverWithYourCash That's a comprehensive list..... I'm dubious about accounts like Chip, but I suppose they're safe. THANK YOU for replying 👍
Hi Andy. Would you suggest to split your savings that are over 85k into different saving accounts, so that you are protected by the fscs or would it be best to put all your savings into one high interest savings account. ?
ISA Index Fund might be worth researching
My water bill is included in my service charge, so I don't think I can get the cashback on that. I got a Santander Mortgage so I'm probably more worth to swap than others but it looks like I'd be losing out on £1 a month not having water on it.
Yes you will lose out on that. Also, just remember the £5 cap on each tier, so though the mortgage is a great extra to earn on, it’ll be along with council tax, tv etc
Presumably you are not on a meter re water. Mobiles seem quite high.
Yep on a meter. £8 for a SIM each isn’t too bad, though yes some newer providers have begun offering lower rates
Hi Andy, woth regards to the 2% back on gas and electricity. If I up my dd to 250 a month, then I get 2% and that's a fiver right? Current one is only 125 but I'd be happy to up it. If the money sat in the joint account it would get spent before you say you get 2% anyway
Yep, you can do that if you want. You can always ask the energy provider to refund if there’s too much credit sitting there
You should timestamp your videos😊
Ignore me if I am wrong... 4£ fee for a 5£ max cashback... Not worth spending 1min discussing about it
Edit... Realised just now is 5 each tier
Yeah pretty much. NatWest / RBS reward are way better. £36 a year compared to maybe £12 on Santander
What do you mean? I get 12.50 back a month then take 4 quid away
Where is it 5 pounds max cashback? Its more like 15
From santander website... "Up to 3% cashback on selected household bills, capped at £5 each cashback tier each month"
@@ciaoatutti11111111 right so £15 a month not 5
VERY CLEVER PEOPLE. AT Work