Best bank accounts.

[Harry Bloomfield]

I've had another good look, at what's available, and still not found anything conclusive to suit me.

I've worked out - Nat West charge me £24, paid me for my DD's £61.27 for the 12 months, last year, during which I never had less than £5,500, and at the moment 8,750 in the account.

You would think it would be easy, to loan a bank say £5k, for an indefinite period, and have it earn interest, without them setting lots of conditions to accepting the money, where they would pay the interest or not.

Why severally limit how much you can put in the amount you can put in, beyond which you get no interest?

As said, I have an account with KOO, a substantial amounted lodged there, earning reasonable interest. Another separate, identical current account there, earning interest would suit me just fine, but they only permit one account, per customer.

 

[motorbiking]

The whole goal is to give you a nice headline rate and hope you miss the transaction limits.

 

[Harry Bloomfield]

The whole goal is to give you a nice headline rate and hope you miss the transaction limits.

I'm looking at Wise now, 3.32% rate, no limit, support DD's, the only charge seems to be for supplying a physical card, but they lack CASS. Limited cash withdrawal, or they charge, which we don't use.

They seem to be mostly set up, for International money transfer.

Wise: The international account | Money without borders | Wise United Kingdom

160+ countries, 40 currencies, one account. Save when you send, spend and manage your money internationally.

wise.com

 

[motorbiking]

Wise is great for managing foreign currency. I sometimes get paid in USD or Euro and it’s a great way to avoid rip off bank exchange rates.

 

[Harry Bloomfield]

Wise is great for managing foreign currency. I sometimes get paid in USD or Euro and it’s a great way to avoid rip off bank exchange rates.

Have I read correctly, that it does support regular DD's for household bill, etc.?

 

[motorbiking]

Have I read correctly, that it does support regular DD's for household bill, etc.?

Honestly I don’t know. I used it for receiving settlements. I originally stumbled across it when I needed to pay for a course in euros.

It was a way of holding currency without unnecessary fees.

 

[Harry Bloomfield]

Honestly I don’t know. I used it for receiving settlements. I originally stumbled across it when I needed to pay for a course in euros.

It was a way of holding currency without unnecessary fees.

It seems to suggest it does support, all that a normal account can do, Applepay, dd's, works with WPS, it just lacks the CASS. I've opened an account, got it on both apple and google pay, and WPS. I just need to test moving a DD's next. All looks good, so far!