How much is in your current account right now?

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Reply 40

zKlown

£61.50

I try keep as little as possible in there.

Reply 41

zKlown

Original post by yo radical one

Why would you put savings in a current account? :confused:

Interest rates?

Dunno, I think the Santander current account is like 3.5% or summet

Reply 42

yo radical one

Original post by zKlown

Interest rates?

Dunno, I think the Santander current account is like 3.5% or summet

That's an ISA :confused:

I wasn't saying keep it under your parents bed (unless it's dodgy), just that putting most of your savings into a current account, which generally has much lower return is stupid unless you need fast access.

Reply 43

username1560589

£2,146,842,239.74, because that will take a long time to lose via inflation.

Reply 44

BBeyond

Some people here have a ****ed up idea of banter, not sure how going on a thread like this and making up a ridiculous amount of money is considering funny, but each to their own.

£0.0

Original post by BBeyond

Some people here have a ****ed up idea of banter, not sure how going on a thread like this and making up a ridiculous amount of money is considering funny, but each to their own.

There is no other reason why someone would have any more than 100-200 pound in their current account. You would have to have a lot of money to not care about the interest.

Reply 47

BBeyond

Original post by morgan8002

There is no other reason why someone would have any more than 100-200 pound in their current account. You would have to have a lot of money to not care about the interest.

Not really, I just have the money I can spend in my current account, and the rest in my savings accounts, I'm not that desperate to earn the extra £10-30 on interest or whatever it would be.

Reply 48

username1560589

Original post by BBeyond

Not really, I just have the money I can spend in my current account, and the rest in my savings accounts, I'm not that desperate to earn the extra £10-30 on interest or whatever it would be.

Well for most people getting paid 30 pound for 5 minutes work is worth it.

Reply 49

white boy

Original post by morgan8002

There is no other reason why someone would have any more than 100-200 pound in their current account. You would have to have a lot of money to not care about the interest.

i like to keep more than a few hundred just in case i need to make an unexpected purchase/feel like being frivolous. wouldn't keep more than a grand in there though.

Reply 50

i.am.lost

Your current account should have no more and no less than what you need to get you through until the next paycheque.

The rest of my money is in an array of regular saver accounts, stocks and shares investments, index tracker funds, ISAs, and foreign currency accounts.

Reply 51

rayquaza17

Just under a million.

Spoiler

I suspect people have more money in their current account today than yesterday because my student loan money has just gone in! Straight into my savings account though. :smile:

Reply 52

white boy

Original post by i.am.lost

listen now my son it isn't for you to tell anyone how much they should keep in their current account

Reply 53

zKlown

Original post by yo radical one

That's an ISA :confused:

Nah, the 123 account is a current one

http://www.santander.co.uk/uk/current-accounts/123-current-account?gclid=CjwKEAiAw56lBRCs29jB9uOvkygSJADnD3-6MFVu04WBLbvvWvZqt8HCBolUbMt4T9I4XQyCGvvQERoCHwPw_wcB

Which isn't a bad rate tbh

Reply 54

username1560589

Original post by zKlown

18 years old plus. I hate how much age discrimination there is in the financial sector.

Reply 55

i.am.lost

Original post by white boy

listen now my son it isn't for you to tell anyone how much they should keep in their current account

It's sound financial guidance. There are options to suit any level of risk appetite, and they can all make a greater return on your money than having it pointlessly sitting idle.