Best Time to Transfer Savings into Joint Account to Avoid Lost Interest?

vinatlasx on 22/03/2023 - 18:21

Hi all,

My partner and I both have individual ING Savings Maximiser accounts and are looking to combine our savings into a joint ING Savings Maximiser account.

I was hoping to find out the best timing to transfer our savings into a joint account to avoid or minimise lost interest according the the conditions to earn the highest interest rate.

I appreciate any advice and thanks in advance.

Financial

Comments

  • Mechz on 22/03/2023 - 18:23

    Probably the same day they pay interest into your account.

  • TEER3X on 22/03/2023 - 18:27

    Best time would be when Mars is in retrograd, i.e. Earth comes up from behind and overtakes Mars

  • JohnSy on 22/03/2023 - 19:11

    I think the 1st of the Month. What is the main reason you wish to combine the savings into one account?

    • TEER3X on 22/03/2023 - 20:18

      My guess it was the Mrs idea

  • hasher22 on 22/03/2023 - 20:30

    IMO be the same day the interest hit the account, the 1st usually.

  • Hugh G Rection on 23/03/2023 - 07:42

    1st of the month

  • Rako on 23/03/2023 - 07:56

    If one of you is on a lower tax rate would it make sense to have it all in that persons name? What advantage is it to have it in joint names?

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