-
Money is money, doesn't matter where it is saved, no?
I have a santander 123 account. Can get 3% interest up to 20k
skinny-
@skinny Mossack Fonseca have some cracking deals
expect @hugo7 was referring to the credit checks that a bank will do when you open a new account. Too many checks can look bad when you're applying for a mortgage.
I'd think that if you're close to arranging a mortgage then unless the interest is significant then it might be worth just sticking with what you have until the house purchase is sorted.
going from 1.5% to 3% on 20k for example would be £300 a year difference. Nice, but at £25 a month it might not be worth the bother if you're mid purchase. Especially when you then get questions from the bank asking why you've transferred money recently, and can they have the paper trail for the last x years etc.
duncs
We've got an approved mortgage, but things are taking a while. I'm also trying to save quite hard anyway.
The only "savings" accounts I have are now old and shit. I want to open a higher interest bank account but I'm nervous about opening accounts before purchase.
Am I being paranoid or could this have an effect?