I’d suggest anyone who is thinking about selling take a look at the live Q&A Tom has just completed.
New customers are now not costing them money and they’re looking to surpass Metro bank (which has a market cap of £3B) in terms of numbers of customers in early 2019.
Now, nothing in this life is certain, and everyone should do their own research etc, but I’m not a seller at £8…!
I went to my local Lloyds branch once and the lady behind the counter told me I had too much money in my current account. Thought it was a bit rude to be honest.
It was a few thousand.
Hmmm…that’s slightly strange, but I dont understand why anyone would regularly hold an average balance after bills above a few hundred. There are way better places to keep large amounts.
Wow - £1300! That is very conservative, in my view. Could be driven by people having to hold minimums on packaged accounts? Whenever I have average balances that high, I do something with them quickly, but I do have a very high appetite for risk…
Shares, cryptos or crowdfunding. I do keep a couple of grand in cash savings in case I need instant access, but still not in my current account. I would put it in an interest-bearing pot, though.
Imagine the folk who put the maximum in each round, I bet they are ecstatic!
Well done to you @Monzo9999 that’s some good returns. You should get yourself over to Freetrade, 40% return - share your knowledge, my returns have also been 40% … down! ️