The 6 Bank Accounts Everyone in the UK Should Have for Financial Stability

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  • Опубліковано 20 гру 2024

КОМЕНТАРІ • 189

  • @ChideraPeters
    @ChideraPeters  Місяць тому +5

    RESOURCES
    👉🏽 Open a 5.18% CASH ISA on Plum prf.hn/click/camref:1011l3Tbxs
    📌 Get the Earn Money From Your Savings Masterclass stan.store/thechiderapeters/p/ready-to-earn-money-from-your-savings-

  • @fcmoonman
    @fcmoonman Місяць тому +29

    For budgeting and watching your money monzo is goated

  • @kelechiahanwa4712
    @kelechiahanwa4712 Місяць тому +11

    I have both starling and Monzo. I have not had any issues with both. I however like the whole user interface and features that monzo provides. With starling its great as you get interest on the money in your current account.

  • @andredoracle6326
    @andredoracle6326 Місяць тому +1

    Plum just about has every account necessary. Highly recommended.

  • @Miz_amie
    @Miz_amie Місяць тому +3

    I've had monzo sinse round 2019? I have never regretted having it 😍👌🏾

  • @Bala-pf3yj
    @Bala-pf3yj Місяць тому +3

    Thanks, this is an eye opener

  • @yemi5193
    @yemi5193 Місяць тому +2

    Thanks for this I really need this. I have both Starling and Monzo. My starling I use it for paying money out to people and my Monzo is where my ISA is currently. I might be moving this to plum next financial year because Monzo have reduced their ISA Interest rate since I joined them.

  • @emmanueladuku8136
    @emmanueladuku8136 Місяць тому +27

    Starling is very good. Exceptional 👍

    • @ChideraPeters
      @ChideraPeters  Місяць тому +2

      Oh glad to hear this!

    • @josbeam8550
      @josbeam8550 Місяць тому +2

      Starling security system is not great and recently people have had their account hack and money stolen and people complained unable to recover the money lost.

    • @gladysdim9269
      @gladysdim9269 Місяць тому

      I have starling account and other accounts. Starling is the least of them all as regards be good

    • @bangals32
      @bangals32 26 днів тому

      I DO NOT recommend starling. When your account is under review the left hand doesn’t talk to the right and you’ll find yourself constantly repeating yourself

    • @SEANPOL203
      @SEANPOL203 25 днів тому

      I found staling good

  • @aderonkeadewunmi-oyegunle5536
    @aderonkeadewunmi-oyegunle5536 Місяць тому +3

    Thank you Chidera, you’ve gained a subscriber, it’s my first time here and just when I was thinking of how to manage money and knowing more about savings and all the accounts available.
    You are blessing us, thank you again 😊

    • @ChideraPeters
      @ChideraPeters  Місяць тому

      Welcome aboard! Glad you got some value ✨✨

  • @edwardgladys1336
    @edwardgladys1336 Місяць тому +3

    Am using monzo and their interest rate for savings is mot bad as well. Meaningful video indeed

  • @harmonylight1
    @harmonylight1 16 днів тому

    Very good advice 🎉

  • @sbarneaionut
    @sbarneaionut 29 днів тому +3

    I think Revolut is the real daddy here. Interest rates are not the best but the overall usability across the board is the best. Business and personal👍

    • @Bereal711
      @Bereal711 22 дні тому

      Bunch of thieves they are never trust them trust me

  • @andrewah15
    @andrewah15 26 днів тому

    Thanks for the informative video.
    I have saved it to my favourites. 😎💷

  • @patriciakasenge9927
    @patriciakasenge9927 Місяць тому +2

    Wow definitely much needed , you have a new Subscriber here😊

  • @yvonnenamwila6731
    @yvonnenamwila6731 Місяць тому +2

    Also me everytime i watch her videos begin to put into practice all she talks about.
    Downloaded Monzo and opened an account upon watching this😂
    Now i am onto Plum as we already opened ISA thanks to Chidera😊.
    Tbh you are easy to follow and i appreciate your videos. Thank you 🙏

    • @ChideraPeters
      @ChideraPeters  Місяць тому +1

      Awww so glad to hear that and thank you so much ☺️ ♥️♥️🙏🏽

  • @danieloduntan1983
    @danieloduntan1983 21 день тому

    Great vid, thank you

  • @justiceoboarekpe3476
    @justiceoboarekpe3476 Місяць тому +16

    Monzo is King 💪🏻

    • @MrTruth
      @MrTruth Місяць тому +1

      Revolut is better

    • @aCoolHHChannel
      @aCoolHHChannel Місяць тому

      Both sucks, they do not have a physical branch and not offer product like mortgages etc, they just work around young generation for quick money moves. Yes they have some good stuff like pot creation on monzo app and some good features but nothing special..

    • @olumichealsofowora2506
      @olumichealsofowora2506 Місяць тому +2

      What if u got both then am king and better 😅

    • @Deepfocus0228
      @Deepfocus0228 Місяць тому +1

      Tide

  • @emmanuelomamohwo3567
    @emmanuelomamohwo3567 Місяць тому +3

    Thank you for your video. Please, can you give specific examples of high yield accounts?

  • @sandra-dh4bw
    @sandra-dh4bw Місяць тому +5

    Hi. Thanks for sharing. Have you done a video on stocks and shares? If not yet can you do one please just as a guide.

  • @haddingtoniangcp2464
    @haddingtoniangcp2464 Місяць тому +3

    I subbed for 2 reasons. Peters is my last name and, thanks to you, Ill be paying into my pension. Was going to cancel it till i watched a video of yours about it. Keep up the sterling work, Peters!

    • @ChideraPeters
      @ChideraPeters  Місяць тому +3

      Thank you so much. Your comment warmed my heart ♥️

    • @sarahgidudu1328
      @sarahgidudu1328 25 днів тому

      Bñɓñ​@@ChideraPeters

  • @amourmtungo623
    @amourmtungo623 Місяць тому +2

    Thank you for the time, knowledge and sharing 🤝

  • @courtneymikely
    @courtneymikely 23 дні тому +1

    Account 1 - Current Account
    Account 2 - High Yield Savings Account
    Account 3 - Cash ISA
    Account 4 - Lifetime ISA
    Account 5 - Stocks & Shares ISA
    Account 6 - Retirement/Pensions Account
    Account 7 - Credit Card

  • @jp6085
    @jp6085 24 дні тому

    Great video very helpful

  • @bagsfull6494
    @bagsfull6494 25 днів тому

    Monzo and Revolut are both very easy to use on your phone. Monzo has the better interest rate but Revolut has lots of other interesting things and they have no charges at all abroad be it you you buying a kebab in Turkey or a Langos in Hungary they don't charge you anything so its the best to use abroad.

  • @enoruevbuomwan6540
    @enoruevbuomwan6540 Місяць тому +5

    This is a highly valuable financial advised video,thanks.

  • @ojeyemipejuola1118
    @ojeyemipejuola1118 Місяць тому +4

    Monzo, love it

  • @cfrnetwork777
    @cfrnetwork777 28 днів тому

    STARLING IS GOOD, NO ISSUES SO FAR 🇬🇧🇰🇳🇬🇸

  • @Ra_ZoneJ
    @Ra_ZoneJ Місяць тому +4

    Natwest got 6% saving account and nationwide got 8% saving account. its capped at £200 a month no more than that.

    • @Kenneth-Egbai
      @Kenneth-Egbai Місяць тому

      Does it mean you can only save 200?

    • @Ra_ZoneJ
      @Ra_ZoneJ Місяць тому

      ​@@Kenneth-Egbai Sadly Yes, you cant add more than 200 a month. got about 1.3k and got interest paid of about 7 so going forward i'll get that 7 every month at min if i dont save anymore which i hope wont happen. im going to try get that 7 to 300, good cash flow

    • @gloryadiele7835
      @gloryadiele7835 25 днів тому

      I want to know more about this account

    • @Ra_ZoneJ
      @Ra_ZoneJ 24 дні тому

      @@gloryadiele7835 sadly they stopped offering that product (8%). we left with the 6% saving account with nationwide and around 4-5% with Natwest. happy to share the link if you need

  • @bunmiakinpelu2159
    @bunmiakinpelu2159 Місяць тому +5

    Trading 212 cash ISA rate is 5.15% at the moment

    • @ChideraPeters
      @ChideraPeters  Місяць тому

      Yeah but it’s in a fund

    • @thebill8891
      @thebill8891 Місяць тому

      @@ChideraPetersso what difference does it make to my money earned

    • @sue-ui8od
      @sue-ui8od Місяць тому +5

      ⁠@@ChideraPetersit's not a fund. It's a Cash Isa. Unless you are referring to a fixed rate isa- in which you can only take out your money when fixed term ends. Trading 212 Cash Isa is the best in UK. 5.1% interest rate plus it's flexible. Which means that if you've put in £20k you can also withdraw 20k anytime you want and deposit it back within that tax year. You also earn daily interest.

  • @ganiyat8220
    @ganiyat8220 Місяць тому +2

    Really informative video. Thanks

  • @markadamson2102
    @markadamson2102 Місяць тому +9

    No , the highest interest rate for cash ISA is trading 212 5.17 % and thats fixed for the year

    • @Gettys_Mindful_Mondays
      @Gettys_Mindful_Mondays Місяць тому +1

      Yes I have this

    • @MVG7
      @MVG7 Місяць тому

      It’s not fixed u can take money out whenever

    • @mitchellscott4996
      @mitchellscott4996 26 днів тому

      @@MVG7fixed mean fixed rate not that you can’t take money out.

    • @fillisamartin8379
      @fillisamartin8379 26 днів тому +1

      Moneybox is 5.19%

    • @MVG7
      @MVG7 25 днів тому

      @@mitchellscott4996 I stand corrected

  • @Clara_immigration
    @Clara_immigration Місяць тому +1

    Very informative 👍🏼

  • @etsenamheblessingshuga4228
    @etsenamheblessingshuga4228 Місяць тому +1

    ❤❤❤❤❤ love all your videos, starting from the school-related ones when I started watching you. Very eye-opening, sometimes on issues one may not have had a good idea.
    But I'd love to speak with you on some crucial issues if only you will grant me the opportunity.

    • @ChideraPeters
      @ChideraPeters  Місяць тому

      Aww I’m so glad to hear that. I do paid one-on-one calls if that’s something you’ll like

  • @Ifunanya_Joanna
    @Ifunanya_Joanna Місяць тому +1

    Thanks Deraa ❤

  • @Rich20ldn
    @Rich20ldn Місяць тому +1

    Starling is so good to use abroad no extra costs whatsoever. 😁

  • @nnodumodinaka7502
    @nnodumodinaka7502 Місяць тому +1

    Thanks for sharing!

  • @isaidwhatisaid..
    @isaidwhatisaid.. 20 днів тому

    I have 3 accounts
    Saving
    One where money goes in like wages
    And my everyday account like bills, daily use like shops and transferring funds to family or friends
    Also have a credit card account which is the same bank as my saving account
    So that could be technically 4 accounts
    Also in my money in account once I get the money I transfer it to my saving account but I always leave little in there for what I call emergency funds each month I leave £20 in there and it builds up so I use that money instead of my savings
    I also have a physical Samsung card which is like PayPal, money gets taken out from account to Samsung
    So that probably makes 5 accounts 😂

    • @isaidwhatisaid..
      @isaidwhatisaid.. 20 днів тому

      Like to add I have 2 pension accounts
      Also looked at my HMRC pension and see I have a good amount but I cannot get access to it until 2054 😂
      I'm not sure how old I will be and if I will be alive

  • @syearchy257
    @syearchy257 Місяць тому

    212Trading doesn't seem to have customer service team to speak to, in case of trouble or hacking how to solve the problem with the online bank ?! 🤨🤨🤔🙄

  • @efosasamuel4219
    @efosasamuel4219 Місяць тому

    Hi and thank you Chidera. Very informative. I could not find the link to the masterclass you talked about.

    • @ChideraPeters
      @ChideraPeters  Місяць тому

      Hi, here's the link stan.store/thechiderapeters/p/ready-to-earn-money-from-your-savings-

  • @UKEducatedLady
    @UKEducatedLady Місяць тому

    Hargreaves Lansdown is good for SAS ISA.

  • @traciesmobile683
    @traciesmobile683 Місяць тому

    You are missing a trick suggesting a single current account plus other accounts. some accounts give rewards and cashback. Worth noting chase allows standing orders from their savings accounts.

  • @Mkhl4Sure
    @Mkhl4Sure Місяць тому

    Revolut, Wise, Chase and Halifax

  • @lightedtalkwithvivian
    @lightedtalkwithvivian Місяць тому

    Thank you for sharing sis.

  • @kelvinautomates
    @kelvinautomates Місяць тому

    Great video Chidera!! Really informative, can I please get the link for the masterclass?

    • @ChideraPeters
      @ChideraPeters  Місяць тому

      Hi, here's the link stan.store/thechiderapeters/p/ready-to-earn-money-from-your-savings-

  • @PamojaConsult
    @PamojaConsult Місяць тому

    Dynamic Chidera

  • @snapdragon2441
    @snapdragon2441 25 днів тому

    I have soooooo many bank accounts.

  • @waveybaby8939
    @waveybaby8939 Місяць тому

    can you give examples of high yield savings account banks pls

  • @ellihall2266
    @ellihall2266 27 днів тому

    Agree 👍😘

  • @LindaOgochu
    @LindaOgochu Місяць тому +1

    Please,also the building of credit score. How does it work

    • @ChideraPeters
      @ChideraPeters  Місяць тому +1

      I have a detailed video on that. Check my page

  • @MrNkyphil
    @MrNkyphil Місяць тому

    Thanks a lot!

  • @theresaemeteruwa9201
    @theresaemeteruwa9201 Місяць тому

    Thanks for this, pls i didnt see the replay of the Master class of optimising saving. I will appreciate if i can get the link thanks

    • @ChideraPeters
      @ChideraPeters  Місяць тому

      Hi, sorry about that, here's the link stan.store/thechiderapeters/p/ready-to-earn-money-from-your-savings-

  • @ladycryptocoach9747
    @ladycryptocoach9747 Місяць тому

    Hiya can I please have that video re the strategies based on income levels pls as the link is not in the description box
    Thanks

    • @ChideraPeters
      @ChideraPeters  Місяць тому

      Hi, here's the link stan.store/thechiderapeters/p/ready-to-earn-money-from-your-savings-

  • @SeunOlu-nx7tb
    @SeunOlu-nx7tb Місяць тому +1

    I want an ISA, how do I start?

  • @mitchellbell-gam6002
    @mitchellbell-gam6002 Місяць тому

    Thanks for this Chidera. Can’t see the link to the masterclass

    • @ChideraPeters
      @ChideraPeters  Місяць тому

      Hi, here's the link stan.store/thechiderapeters/p/ready-to-earn-money-from-your-savings-

  • @aCoolHHChannel
    @aCoolHHChannel Місяць тому

    When you open multiple account be aware of credit score can drop

  • @dansaberk9468
    @dansaberk9468 27 днів тому

    Trading 212 cash isa is 5.17%

  • @isatahawakamara2072
    @isatahawakamara2072 Місяць тому

    Thank you ❤

  • @faithuko1838
    @faithuko1838 Місяць тому

    Thanks for sharing this information ❤❤.
    Please is it okay to have three current accounts or can I close one?
    Also, will it affect my credit score if I decide to close any?
    I would appreciate your response, please.

    • @ChideraPeters
      @ChideraPeters  Місяць тому +1

      Hi 👋🏾 yes it’s okay to close a current account, and it shouldn’t affect your credit score. It could affect your credit score if the account was reading in minus i.e. you have a negative balance

  • @dorindaagyemang9597
    @dorindaagyemang9597 Місяць тому

    Hi Chidera
    Thanks for sharing. Are you back in UK now?

  • @deborahilo6792
    @deborahilo6792 Місяць тому

    Lovely video but i cant seem to find a link to your masterclass

    • @ChideraPeters
      @ChideraPeters  Місяць тому

      Hi, here's the link stan.store/thechiderapeters/p/ready-to-earn-money-from-your-savings-

  • @tafarapaul
    @tafarapaul Місяць тому +3

    Revolut is King, Revolutionary Bank. lol😊 like now I can get my salary a day earlier.

    • @therealgg5050
      @therealgg5050 Місяць тому +3

      Even monzo bank

    • @tafarapaul
      @tafarapaul Місяць тому +2

      @ that’s a good feature, but i’ll wait for salary day lol😃

    • @therealgg5050
      @therealgg5050 Місяць тому +1

      @@tafarapaul nyika inovakwa nevene vayo

    • @tafarapaul
      @tafarapaul Місяць тому

      @@therealgg5050 Ndakasarenda ini🤣🤣

    • @gogetter3721
      @gogetter3721 25 днів тому

      ko chii nhai

  • @courageiroro5604
    @courageiroro5604 Місяць тому

    What video editor do you use?

  • @marcusthomas9843
    @marcusthomas9843 Місяць тому

    Is ssas pension account any good ?

  • @ganiyat8220
    @ganiyat8220 Місяць тому

    Hi chidera, thanks for the video. Do we really need to have a credit card to build our credit score. I nd my hushand don't have one and our credit score is over 850.
    I want to know if this will affect us when we are about to buy our house

    • @ChideraPeters
      @ChideraPeters  Місяць тому

      Hi 👋🏾 your credit score is great by the way! So No, you don’t need a credit card. Also there’s no requirement to have a credit card before you buy a house. Only mentioned as it’s one of the fastest way to do so. But in your case, you shouldn’t worry about it

    • @uwakweonyinye2857
      @uwakweonyinye2857 Місяць тому +1

      Please if you don't mind me asking, how did you build your credit score without a credit card?

    • @ganiyat8220
      @ganiyat8220 Місяць тому

      @uwakweonyinye2857 we just make sure if there is an opportunity to pay anything in installment and it doesn't have interest then we use that option even when we have the full money. Then we did a lot of direct debit for any bills we are paying instead of just transferring it.

    • @ganiyat8220
      @ganiyat8220 Місяць тому

      @@ChideraPeters okay, thanks

  • @coolco1619
    @coolco1619 Місяць тому

    Can we hold both ISA and Stock and Share ISA accounts at the same time ?

    • @jermanLuga
      @jermanLuga Місяць тому +1

      Sure, but the total allowance for both is £20000.

  • @user-uk6ly6ik3e
    @user-uk6ly6ik3e 23 дні тому

    I'm on Monzo

  • @saidsiraj4784
    @saidsiraj4784 Місяць тому +1

    Oh 6 is too much darling

  • @Zippo1617
    @Zippo1617 Місяць тому

    Dont just buy shares and think your investing, you are not!!
    You need to understand how to value a company to see if you are overpaying, you need to able to read and financial statements…this will take at least 2 years to learn…it’s an absolute skill don’t be fooled…

    • @Samali5414
      @Samali5414 10 днів тому

      What about Monzo Investment is it good? And what does it mean by saying "Don't buy shares"

  • @kisasharon902
    @kisasharon902 Місяць тому

    Thanks chidi how about me plans to leave the Uk in 4yrs just worked for 5months.?

    • @Samali5414
      @Samali5414 10 днів тому

      Why what happened to you pro ?

  • @dolciebellaelliott1660
    @dolciebellaelliott1660 Місяць тому

    How can one get the "optimise your savings" masterclass?

    • @ChideraPeters
      @ChideraPeters  Місяць тому

      Hi, here's the link stan.store/thechiderapeters/p/ready-to-earn-money-from-your-savings-

  • @adeola_adedokun
    @adeola_adedokun Місяць тому

    Can one give Cash ISA account details to employers?

    • @StevieWondersEyes
      @StevieWondersEyes Місяць тому

      No never do that unless your salary is going to your ISA (if its less than £20k a yr)

    • @adeola_adedokun
      @adeola_adedokun Місяць тому

      @ Alright, thank you.

  • @iamprideless
    @iamprideless Місяць тому +1

    First here ❤❤❤🎉

    • @ChideraPeters
      @ChideraPeters  Місяць тому

      Yay! Thanks for showing up 💃🏽💃🏽🥳🥳🥳

  • @rogbaakeredolu5667
    @rogbaakeredolu5667 Місяць тому

    What about revolut

  • @benignaanyaeche582
    @benignaanyaeche582 Місяць тому +1

    You look pretty

  • @athleticscapture7335
    @athleticscapture7335 Місяць тому

    What if your own bank has all these different types of accounts.

    • @ChideraPeters
      @ChideraPeters  Місяць тому

      Then that’s fine, you can open the accounts in one bank

    • @ladycryptocoach9747
      @ladycryptocoach9747 Місяць тому

      Diversification is a great option when dealing with your finances......never put all eggs in 1 basket!

    • @judithogar933
      @judithogar933 23 дні тому

      Like Barclays

  • @BanaresAli-z8o
    @BanaresAli-z8o 25 днів тому

    these are all for bad credit arent they and the ones that charge you extortionate fees for things like using cash machine?

  • @jummaicyril
    @jummaicyril Місяць тому

    Monzo 👍

  • @salehothman449
    @salehothman449 26 днів тому

    👍👍

  • @LindaOgochu
    @LindaOgochu Місяць тому

    Thank you, sister
    Please, in this plum saves account, can i withdraw it anytime i want.

    • @ChideraPeters
      @ChideraPeters  Місяць тому +1

      Yes you can. The amount will be credited to your account by the next working day before 5pm

  • @moboagboola4684
    @moboagboola4684 Місяць тому

    Quite misleading! Different people with different intents. & plans. You don't go about opening 100s of account if u're busy.

  • @stephendwamena1522
    @stephendwamena1522 Місяць тому

    ❤❤❤

  • @mercyln6646
    @mercyln6646 Місяць тому +1

    Sounds like good info, but, nne you speak too fast for most people to understand. I directed many friends to your videos but they all complaind your speed is too fast oooo😂😂😂😂😂.
    Please i beg, would you redice your speed, mwam?

    • @ChideraPeters
      @ChideraPeters  Місяць тому

      lol 😂 this cracked me up. Sorry about that - I’ll try

    • @Chanesmyname
      @Chanesmyname 10 днів тому

      There might not be a state pension they cost so much to run, you could be 75 or 80 or they could means test it or scrap it, who knows.

  • @HopeFufilled-re3vr
    @HopeFufilled-re3vr Місяць тому

    Good for people with long money

  • @simongurung7715
    @simongurung7715 26 днів тому

    Monzo international

  • @manni192
    @manni192 29 днів тому

    Please don't shake your bum on a yacht in Dubai. It's a conservative country with family values. Aside from that great video.

  • @DanielAleruchi-Williams
    @DanielAleruchi-Williams Місяць тому +1

    isn't having multiple accounts mess with ur credit.. and charges

  • @mhobson9478
    @mhobson9478 Місяць тому

    BEST bank in UK pay it forward enjoy the rebates

    • @Samali5414
      @Samali5414 10 днів тому

      Monzo is the best one

  • @myafrosheen
    @myafrosheen Місяць тому +2

    I'm sorry but nobody needs a cash isa. Within your stocks and shares isa you can hold a cash balance...

    • @pdaniaful
      @pdaniaful Місяць тому

      Try Easy access Cash ISAs like Zopa that pays 4.80%, guaranteed place to park your emergency fund. access when you need it instantly, no penalty for withdrawing, no forfeiting your ISA allowance if you take money out, meaning it's flexible. What's not to like??

    • @Thai.Farang
      @Thai.Farang Місяць тому +1

      What are you sorry for?

  • @harryr9729
    @harryr9729 25 днів тому

    Do people not research?
    Spoon feeding them 😂

  • @Betty-s4u
    @Betty-s4u 22 дні тому

    Speaking too fast.

  • @charlesonline_
    @charlesonline_ Місяць тому +1

    Online monzos are boring bcoz they dont offer you anything no loans no nothing

    • @LilzGwapz
      @LilzGwapz Місяць тому +3

      Yh they do I can get a loan on mine

    • @Sunriver-ny5cz
      @Sunriver-ny5cz Місяць тому +2

      Monzo does coffer loans and credits cards too.

    • @suzzietemmy2256
      @suzzietemmy2256 Місяць тому

      ⁠@@Sunriver-ny5cz You are right. I have Monzo credit card. It’s called Monzo Flex. And they also offer loans. I have also been asked to get a loan before.

    • @brownstone3809
      @brownstone3809 Місяць тому

      Monzo is good for holidays

    • @LuisWilliamRosario
      @LuisWilliamRosario Місяць тому

      Yes they do... Stop spreading misinformation.

  • @venlafaxinedomperidone8377
    @venlafaxinedomperidone8377 Місяць тому +5

    Its better to run away from this low income shithole than have six accounts

    • @Samali5414
      @Samali5414 10 днів тому

      Can you explain more about it?