Welcome To The Bitchery

How Many Bank Accounts is too many? Financial OT

I am considering opening a 3rd and 4th currant account (I believe what you call a chequing account) because I can get 5% and 4% APR with only having to deposit £500 and £1500 a month respectively. If I just send my salary on a 4 account trip each month (sending it on as a transfer to each account consecutively) I could maximise my interest earnings.

Is this something to consider? Is it too complicated? Will it damage my credit score?

What do you do to maximise your financial situation?

Share This Story

Get our newsletter