Where to 5k put for at least 12months
Discussion
Thanks for the help.
So lets say I open a current account with Nationwide (other lenders are available) with a 5% rate. The only t&c to circumnavigate is that a minimum of £500 needs to be paid in each month. So pay £500 in on the 3rd, then pay it back out on the 4th.
All done via a standing order.
Am I missing something, as that seems an easy solution to doubling the amount of interested being offered by many savings accounts.
Excuse my naivety, but are there any restrictions in the number of current accounts a person can have?
So lets say I open a current account with Nationwide (other lenders are available) with a 5% rate. The only t&c to circumnavigate is that a minimum of £500 needs to be paid in each month. So pay £500 in on the 3rd, then pay it back out on the 4th.
All done via a standing order.
Am I missing something, as that seems an easy solution to doubling the amount of interested being offered by many savings accounts.
Excuse my naivety, but are there any restrictions in the number of current accounts a person can have?
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