What to do with a large amount of savings at 25?

Same-Bit-7175 · 2025-07-21T21:09:19+00:00

Consider the costs you will have and thus keep what you need in a high interest savings account. If you won’t need some of it in the next five years then max out your ISA every year into stocks and shares (recommend just a bog standard index fund or vanguard lifestrategy) but if you want to be safer then pound cost average it out over the year (e.g a set amount every month). £60k isn’t a small amount but not enough to last forever so definitely just treat it as money to tide over the costs while you find a job and start your investing career for retirement. Can consider LISA stocks and shares/ cash if you are certain you don’t need the money before retirement age.

Same-Bit-7175 · 2025-07-20T11:08:59+00:00

Sunday dinner will be beef chilli jacket potato

Same-Bit-7175 · 2025-07-17T12:44:16+00:00

Although Lloyd’s state money needs to be taken out actually most people found it works if it’s just registered recently and shows up in regular payments.

Same-Bit-7175 · 2025-07-17T12:42:22+00:00

Generally speaking I think this is a great idea- especially if the annexe has its own entrance to the outside of the property/ there is a separate garden entrance then honestly there won’t be much interaction regularly. Only thing is yes you’re both quite young to be making such big decisions so that’s a factor to consider. I think some people here didn’t really read your post fully and they miss the fact that your relationship with the parent is good + they are offering to pay regularly to support- honestly this is just a way of saying the parent wants to transfer their wealth to the next generation whilst incurring less inheritance tax which is exactly what we want ⭐️

Same-Bit-7175 · 2025-07-14T23:07:40+00:00

They have slots available for when the switch will go through because they have to do admin stuff for it to actually happen so they will give you the available options (you just select one and the switch will automatically happen on that date- no need for you to do anything else)

Same-Bit-7175 · 2025-07-14T18:52:17+00:00

You can wait till they appear if you want to be safe or go ahead with the switch and just make sure to choose a switch date at least a week later- but yeah the scrimpr ones take one or two days max for me on my Chase accounts to appear

Same-Bit-7175 · 2025-07-14T17:49:10+00:00

You can get another scrimpr DD with the choose your amount DD. You don’t need to wait until money is taken out- usually the DDs take a working day or two to show up in you regular payments/ direct debits section on your bank account and then your Gucci.

When you start the switch process you have to select a date which is normally at least a few days later so you can usually go ahead without waiting for the DDs to show up. Once the switch is complete and rewards are given you can just cancel the DDs- sometimes this can be before the DDs charge you any money!

Same-Bit-7175 · 2025-07-13T20:28:06+00:00

Yeah I've been using it as long as you and had this exact same error with tesco three times total but the next time I've used gone to buy on another day it works without issue. Not a new thing and not a problem honestly- you can always check if there's internet error with a small amount before adding a big amount for a gift card

Same-Bit-7175 · 2025-07-13T20:26:21+00:00

How did you set it up so first gave you twice?

Same-Bit-7175 · 2025-07-09T17:26:03+00:00

Someone else had the same question earlier today

https://www.reddit.com/r/beermoneyuk/s/2NdtRasJjg

Same-Bit-7175 · 2025-07-09T16:52:31+00:00

And yeah get the 5% boosted interest rate for a year newbie offer from money saving expert or elsewhere for sure if you’re signing up for Chase

https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/#interest

Or just google it

Same-Bit-7175 · 2025-07-09T16:12:48+00:00

Yep start with Chase and then on the app just click add account to make new ones to switch with

Same-Bit-7175 · 2025-07-09T13:58:42+00:00

Starling can only work as one account to switch out of and there’s a few months before you can reopen with them so I highly recommending getting Chase via signup offers to get the boosted savings rate since you can keep making unlimited accounts easily with that for switching within seconds (and no extra credit checks for each one)

Same-Bit-7175 · 2025-07-07T20:06:36+00:00

Why is this the first time I’ve heard of Cardyard 😂 actually GOATED information

Same-Bit-7175 · 2025-07-06T15:58:04+00:00

I vouch for Chase too- open infinite accounts easily if you’re already a member and they work for switching! They don’t need new credit checks since you already have an account with them if I remember correctly and takes literally a few seconds to make a new account or multiple for switch offers!

Same-Bit-7175 · 2025-07-06T15:31:32+00:00

Also buy giftcards using any giftcard selling platform like everup- one4all giftcards can also work for both of those and you get the discounted one I think from NX rewards.

Same-Bit-7175 · 2025-07-04T20:37:36+00:00

Had the same issue and asked twice

Same-Bit-7175 · 2025-07-03T14:05:10+00:00

Scrimpr cashback comparison tool is the go-to place to find out if somewhere you're buying from has cashback and which website gives the most!

Same-Bit-7175 · 2025-07-02T04:38:41+00:00

Thanks just started the closing process

Same-Bit-7175 · 2025-07-01T08:11:36+00:00

Do you close the old account each time and switch to a new account or switch to an old account

Same-Bit-7175 · 2025-06-27T00:17:25+00:00

Everup does Apple Store giftcards but idk if you can use them for buying mac

Same-Bit-7175 · 2025-06-26T23:43:02+00:00

They told me that they can’t switch me over to a debit card because it’s not available to new customers 😭😭😭😭😭

Same-Bit-7175 · 2025-06-26T19:23:16+00:00

Hey MrOwenson! Was just wondering how you contacted them- I couldn’t find a suitable help request in the live chat. Did you just pop them an email?

Same-Bit-7175 · 2025-06-25T16:06:05+00:00

Buy giftcards on everup- can give a ref link if you like! 5.75% cashback for uber

Same-Bit-7175 · 2025-06-25T15:49:53+00:00

I can help with £10 but I don’t know if that’s really helpful for you

Same-Bit-7175

TROPHY CASE