Can I cycle my money through different accounts so that I get more interest?
I'm not sure what you mean. As above user has pointed out you won't get more if you're just moving it about for the sake of it, but you can have multiple bank accounts and shift money around in them to theoretically play about a bit. For example, my student account gives 3% interest, but only on balances up to 2k so when the balance goes over 2k it's better for me to shift the excess somewhere else where interest can be earned. You may not have such things available to you.
Highest returns is always just having it sit for as long as possible with the highest rates possible.
(Original post by Bob1939294)
The ideas is that each month in the first week of the month I put money into account X from account Y then once I earn that interest I will transfer it back to account Y to receive interest from that account for the the month.
The only way you will benefit from such transfers is if having a current account with bank X and bank Y is a prerequisite of having a high interest deposit account with each of them.
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Last edited by ageshallnot; 6 days ago