Particularly if you would get more money leaving all your cash in a current account?
I've had a current account for a few years which pays more interest than any savings account up to a certain amount.
However, I don't feel it encourages me to save properly.
For instance. If I had £7k in my current account, left £2k in there and saved the other £5k separately, I would then put what was left at the end of the month in the savings account. I also think I would try and spend less to a certain extent, leaving more to transfer over.
With the current account, I know that I have slightly more left at the end of each month but couldn't tell you exactly how much.
I think it is better to watch your savings growing and being added to despite not getting so much in the way of interest.
I'm torn as to what to do.
I want to buy a car and spend about £10k on it, so I have got a target as to what I would be spending the money on.