• Nat, if your overdraft is costing you anything in fees/interest then your money would work harder in your current account trying to get you in the black. Savings accounts are paying such low interest right now.

    +1

    With interest rates as they are, if you are a net debtor, then any extra cash should go towards reducing your debts, not into a savings account. If your savings account pays 1%, but your debts charge you 5%, then you are losing £4 a year, for every £100 you have in savings rather than paying down debt.

    I seem to recall you're studying at the moment; if you're struggling financially, look into the college's hardship fund.

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