To think keeping large amounts (e.g. £20k+) in a current account isn’t the best use of money?

30 replies

ThatHeartyGreenExpert · 15/04/2026 20:20

Having something like £27k sitting in a current account doesn’t seem like the best use of money to me, given it’s usually earning little to no interest. I understand needing easy access to cash but beyond a certain point it feels inefficient compared to putting at least some of it into savings or other options.

AIBU? Surely there can’t be any good reason for people to keep that much in a current account?

OP posts:

WheretheFishesareFrightening · 15/04/2026 20:41

Of course it’s ridiculous unless it’s a current account that pays interest.

I do have about that much in an easy access saver, but it is earning some interest and will be needed within the next 12 months

Octavia64 · 15/04/2026 20:39

Obviously

MidnightMeltdown · 15/04/2026 20:37

Who is keeping 20k in a current account? Surely nobody does this unless mega wealthy.

AuldWeegie · 15/04/2026 20:35

Agreed. I keep one month in the current account, and transfer over from my instant access account each month. I have a separate debit card with a couple of hundred available for cash. I almost never have a completely unexpected expense that cannot be covered by transfer.

BlueBoyd · 15/04/2026 20:24

I keep roughly my monthly spend in my current account. Everything else is in a savings account.

Unless the person is a high spender, they don’t need it all in a current account. It’s also more at risk of fraud there.

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