Aurum
Download

Bank Account & Interest Switching

Every account and rate on one page, a fee audit, a guaranteed current account switch, top-rate savings moves, bonus and maturity dates tracked, and a yearly review so loyalty never costs you interest.

Free · Mac (Apple silicon) and Windows · v1.0.0 · Other platforms

Then open the Marketplace in the app, search for Bank Account & Interest Switching, and click Install. It goes into your own files, and works offline from then on.

Before you start: this plan is general information to help you organise your own money decisions. It is not financial, investment, tax or legal advice. Check decisions that matter with a qualified, licensed adviser in your country, and remember that investing and trading can lose money.

What it installs.

1

Pillar

1

Area

50

Projects

198

Starter tasks

💷 Personal Finance

Bank Account & Interest Switching

Moving to better current and savings accounts for higher interest, switching bonuses and lower fees.

  1. Every bank and savings account on one page
  2. Current account fees and charges audit
  3. Interest earned versus inflation check
  4. Deposit protection limits check
  5. Idle cash sweep out of the current account
  6. Online banking access check for every account
  7. Identity documents ready for opening accounts
  8. Benchmark rate and comparison sources
  9. Lost and forgotten account search
  10. Monthly savings rate check
  11. Bonus rate and maturity date calendar
  12. Regular saver monthly deposit routine
  13. Bank notices and rate cut inbox routine
  14. Switching offer watchlist
  15. Annual interest statements and tax record
  16. Annual bank and savings review
  17. Weighted average savings rate tracker
  18. AER, gross rate and monthly interest explained
  19. Reading a savings account summary box
  20. How a guaranteed current account switch works
  21. Easy access, notice and fixed-term accounts compared
  22. Tax-free savings wrappers and transfer rules
  23. How central bank rate moves reach your savings
  24. Spotting teaser rates and hidden conditions
  25. Prize-linked savings and their expected return
  26. Choosing a new main current account
  27. Full current account switch with the switching service
  28. Moving easy-access savings to a top-rate account
  29. Personal move-or-stay rule for savings rates
  30. Fixed-term savings ladder
  31. Closing dormant and small-balance accounts
  32. Packaged account keep or downgrade decision
  33. Tax-free savings transfer to a better rate
  34. Ethical bank research and choice
  35. Trying an app-based bank alongside your main account
  36. Switching bonus claim from start to payout
  37. Fixed-term bond maturity week
  38. Bonus rate end date move
  39. Rate check after a central bank decision
  40. Student account to graduate account move
  41. Children's savings account at a competitive rate
  42. Banking in later life with branch and phone access
  43. Helping an older relative move neglected savings
  44. Basic bank account after being refused elsewhere
  45. Keeping a home bank account while living abroad
  46. Separate account for side income
  47. Temporary large balance protection plan
  48. Repeat switching bonus record
  49. Savings platform hub evaluation
  50. Complaint over a failed switch or wrong interest

Where it starts.

Each project arrives with its purpose, milestones and first tasks written out. Here is how the first three read.

Every bank and savings account on one page

Most households hold more accounts than they remember: an old savings account from a first job, a bonus account whose rate fell years ago, a child's account opened by a grandparent. A single list with provider, account type, balance, current rate, access rules and fees is the starting point for every switch, and it usually reveals money earning close to nothing.

First tasks

  • Write down every bank, building society and savings provider you have used in the last ten years
  • Log in to each account and copy the balance and current rate onto the list
  • Note the access rules and any monthly fee for each account
  • Update balances and rates on the account list @recurring(quarterly)

Current account fees and charges audit

Monthly account fees, packaged account charges, cash withdrawal fees abroad and charges for paper statements add up quietly, often to more than a year of interest on a modest savings balance. Going through twelve months of statements once shows what your current account really costs and whether any benefit you pay for is ever used.

First tasks

  • Download the last twelve months of current account statements
  • Search the statements for monthly fees, foreign transaction charges and cash withdrawal fees
  • List each fee by type and add up the yearly total
  • Mark every benefit you pay for as used or unused

Interest earned versus inflation check

A savings balance earning less than inflation loses spending power every year, even though the number on screen goes up. Working out what each account actually pays in a year, and setting that beside the latest inflation figure, shows which balances are shrinking in real terms and how much a better rate would be worth in money rather than percentages.

First tasks

  • Multiply each balance by its rate to estimate a year of interest
  • Look up the latest consumer price inflation figure from the national statistics office
  • Mark each account as beating or trailing inflation
  • Repeat the comparison with the newest inflation figure @recurring(yearly)

Make it yours.

Install Bank Account & Interest Switching, then tell Aurum the date you're aiming for. It checks whether the plan fits the weeks you actually have.

Free · Mac (Apple silicon) and Windows · v1.0.0 · Other platforms

Blueprints are general information to help you organise your own work. They are not medical, financial, legal or other professional advice. See the Terms.