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Is 12 bank accounts excessive

I have 12 accounts across 6banks is that too much

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No
Reply 2
Avatar for kkboyk
kkboyk
21
Why that much though???
Reply 3
Avatar for niteninja1
niteninja1
OP
22
Original post by kkboyk
Why that much though???


Interest
It's quite a lot but if you can keep up with them all and are getting interest then why not?
no you are really restricting yourself by only having 12.
Reply 6
Avatar for A321
A321
20
I just about manage two. :eek:

Posted from TSR Mobile
One is ideal, two is manageable, three is pushing it....and twelve? At twelve you have a problem. Consult your psychiatrist.
(edited 7 years ago)
Original post by Withengar
One is ideal, two is manageable, three is push it....and twelve? At twelve you have a problem. Consult your psychiatrist.


Actually, it's wise to spread your money around.
Reply 9
Avatar for gino0753
gino0753
Original post by littlenorthernlass
Actually, it's wise to spread your money around.


12 is excessive I have two debit cards and one credit card
Original post by gino0753
12 is excessive I have two debit cards and one credit card


I have a HSBC current account
HSBC saver
TSB current account 3% on1.5k
TSB e saver
TSB everyday saver
Santander student 3% on 2K
Nationwide 5% on 2.5K
NatWest savings builder 1.5%
Tesco bank 3% on 3K
Halifax everyday saver
Halifax help to buy isa 4%
Halifax black credit card 0% up to a ÂŁ1000
I don't know whether that is looked down on by creditors. Your credit report will certainly look a bit complicated.
Original post by niteninja1
I have a HSBC current account
HSBC saver
TSB current account 3% on1.5k
TSB e saver
TSB everyday saver
Santander student 3% on 2K
Nationwide 5% on 2.5K
NatWest savings builder 1.5%
Tesco bank 3% on 3K
Halifax everyday saver
Halifax help to buy isa 4%
Halifax black credit card 0% up to a ÂŁ1000


Do you have the interest rate information for those without the information?

I'd dump the Natwest Savings Builder since i would not save in an account paying less than 3% interest. Go for corporate bonds.
Are you okay?
Original post by Sternumator
I don't know whether that is looked down on by creditors. Your credit report will certainly look a bit complicated.


My credit rating is 5/5
Original post by niteninja1
My credit rating is 5/5


I suppose quite a lot of those are savings accounts that wouldn't show up on a credit report.
Original post by Rakas21
Do you have the interest rate information for those without the information?

I'd dump the Natwest Savings Builder since i would not save in an account paying less than 3% interest. Go for corporate bonds.


1.5% is still good for a risk free investment. Of course you get better returns with corporate bonds but you have to take on risk to do it.
Original post by littlenorthernlass
Actually, it's wise to spread your money around.


Not really. Are you expecting another Northern Rock?
Original post by niteninja1
I have 12 accounts across 6banks is that too much



I have 13+ so you're actually underachieving :wink:
Original post by Jennie1987
I have 13+ so you're actually underachieving :wink:


I only have two, but each in a different country. Beat that.

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