Where to Save My Money? (First Time Buyer)

[GTIAlex]

After a bit of help in how to set my finances up as Im sure thing
Current set up:

Currently living at home and bring in just over £2k pcm
---£200 pcm into Help to Buy ISA
---£2k sitting in a TSB current account earning interest each month on up to £2k with 500 in and out each month.
---£250 pcm into TSB Month Saver
---£1k sitting in old M&S which earning average interest which I dont add to.
---Santander 123 current account which my wage goes into and earn interest on which exceeds the £5 monthly fee and I use for all my spending.

Issues:

---Old cash ISA sitting which I believe I can't add to while addinng my Mortgage ISA.

---Don't like having a large amount of money available to me on my current account card.

Possible Solutions:

---Link mortgage ISA and cash ISA to same provider which will allow me to add to both albeit with lower interest rates.

--- Stop using Santander 123 as a daily account and treat it as a savings account, withdrawing a budget from it at the beginning of each month to cover spending but still use it to pay direct debits etc while using TSB current account as a daily account and doing a manual transaction before the end of each month to ensure I meet the criteria for the interest on the account.


Any one got any advice or been in a similar situation?

Looking to save for another year or two roughly.

ETA

Title sorted.

Edited by Big Al. on Tuesday 13th December 17:26

[GTIAlex]

Warby80 said:

Just a little point, the Tsb current account changes from 5% interest on the first £2k to 3% on the first £1500 on the first of january. Which is nice of them…

Yeah I got that letter the other day which has prompted me looking into it a bit more.