Are credit interest current accounts the best way to save?

My wife and I have a number of these interet paying interest accounts and so far we’ve only missed one month’s interest on one our Lloyd’s accounts by failing to make the requisite payment.
Lloyds classic vantage account has been paying up to 3% for a balance of £5,000 but this is changing from 1st July as they are cutting the interest rate and insisting on having 2 direct debits a month for the first time. Looks like we’re going to be closing several of the accounts as there aren’t enough direct debits to go round – most of ours are already with the Santander 123 account where they earn cashback as well. We will be opening Tesco accounts but not the latest M&S current account which asks as many questions as applying for a mortgage would.

We use the santander 123 account and the Nationwide flexi account as deposit accounts, we keep a minimum of £3000 in the nationwide and as the limit on the 123 account is £20000 there is no problem there.even after one pays tax they are more rewarding than most if not all Cash ISAs.Quite apart from the other benefits available with both accounts.
Santander regularily gets some stick by money Which but we have never had a problem that was not easily sorted by them. we are very satisfied customers of Santander.

Tesco interest yielding accounts? Unexpected item in the banking area. 🙂

we bank with Santander, and as you will know we get 3% interest on the first £20000. we get pay backs on the rates etc and these paybacks take care of the small monthly fee of £2. We have been with Santander for many years, problems have been rare and always been corrected nearly always with a £25 gift. We use it as one of our savings accounts.However it is fair to point out that we have not had to borrow from them or use any other of their facilities so we may get a false picture of them.I cannot understand why they are not being investigated unless it is because they are spanish owned.
We also have a flexi nationwide current account as this was necessary to obtain their interest bearing credit card.The current account pays interest of 3% but it also hasworld wide travel insurance included, and that has saved us hundreds of pounds. It is fair to point out that my wife and I are “mature” citizens with no mortgage, dependent children etc ,so we may have a false picture of our banks.we have o complaint with either of them.

had to borrow from them or use any other of their facilities so we may get a false picture of them. I cannot understand why they are also not being investigated unless it is because they are spanish.
We also wanted the Nationwide credit card that pays interest, and to get this we needed to have their flexi current account. this also pays interest but the travel insurance that comes with it, is excellent value.We have no complaints against either of these two banks.