You said: "I don't earn much so should I just transfer £250 from lousy savings account to them every month to make the 5 percent interest i.e. £12.5? Can this money come in from another bank of mine - there will be no objections made, right?"
I've always used a monthly standing order to transfer the money into the bank that I hold the regular saver with, and then transfer the money via another monthly standing order to my regular saver from there. It just makes it easier for me to watch where my money is at all times.
You said: "What's the upper limit for this one? And can I use the approach mentioned initially?"
Santander 123 Regular eSaver - you transfer £200 into your Regular eSaver each month (but it has to be from your own Santander account for sure). It matures at the end of 12 months, and you just reopen a new one and start all over again.
You said: "That one sounds really bad."
Think this was RE the Club Lloyds Monthly Saver - Maybe so, but I've found that you do get back quite a bit of interest nonetheless - since you save £400/month instead of £250/month like the other Regular Savers out there!
You said: "By the way, you seem to know a lot so thank you very much."
No problem! Always happy to help!
You said: "Where do you see other investment opportunities these days?"
Awkwardly, I'm halfway doing a Chem PhD at the moment so haven't looked into hardcore shares/stocks/investments to be frank. During UG, I had so much free time so had always kept a keen eye to the other things, but now, not so much!
I'm lucky enough to have been able to save up quite a bit due to my parents generosity with paying most of my student accom fees when I was an undergrad, but since moving away from the family home, I have been thinking of renting out a house up north and landlord-ing whilst I finish up my studies. Undoubtedly, would mean having to pay a big deposit up on a house, but if I do end up living in it in a few years time, it *could* be a worthwhile investment!