Saving for spouse visa.

Hi all
Just wanted to know which bank account to open?
I want to start saving money from now for her visa requirement. I do earn around 25k a year but I can anytime lose my job as I don’t trust them. So I want to save up and I think it’s 16k as far as I remember. And I must have in for 6 months in 1 bank account is it?
I have Bank of Scotland vintage card which gives me interest of 3% for up to 5k and I can open up to 3 vintage accounts.
Will this be ok if I save in 3 vintage accounts all the money? And get interest or does it have to be just 1 account?
Thank you
Maven

I really do not think it matters if they are in one or three accounts.

Good idea though, saving up front. Sensible bloke!

What's the 16k for?

Sixteen thousand pounds is the point at where savings above this can be counted to take care of any shortfall in the income requirement of £18,600.

Its good to save, you never know as you say, doesn't matter which bank are account you put it in at the moment, unless you have millions the interest rates will not be giving you much return on your money.

Thank you John

Timmer so it is 16k right i was not sure.
i will just save it in 3 bank of scotland vintage accounts as i will get 2.4% net interest.
Thank you

I thought you said you already had loads of savings?

Have a read of section 7.2 and 7.4 on Cash Savings, within the below document:

https://www.gov.uk/government/uploa...pendix_FM_Annex_1_7_Financial_Requirement.pdf

I do graham but its all in other country. but i think i can save 16k by 8 months

I will check it now john. ta

Something wrong with original link, so have redone it.

the link is working fine and after reading it i got all my answers. Thanks john

You need to have £62500 in savings to be totally reliant on qualifying, if you have no income.

Ya thats what it says, but for now i do earn around 25k and i will try my best to save 16k by start of next b4 we apply for her visa.

Around £5000 should take care of the initial visa, FLR and air ticket.

Always better to have a few thousand in the bank, the visa applications are stressful enough, better not to have financial stress on top of that.

Remember that the loved one will be able to contribute to the household once she receives her NI number, "every little helps" as Graham's favourite supermarket says

I have always found personally that when trying to calculate how much I can save in a set period of time that I can never save as much as I had initially planned, I was only discussing this very point yesterday with the wife.

Graham loves his Tesco hehhehe

Whats the £16000 for King ?

That figure is the minimum before any savings can be considered in lieu of income.

They will only take savings above 16 grand into account.

Just in case I lose my job and have to work on 0 hr contract or minimum wage contract
I don’t trust our British government

£16000 is only the base King its savings above that ,that can be counted

Ok I will try to save over 16k. I have plenty time as I’m getting married in Dec and I think she wants to apply in March so I have around 8 months to save. Hopefully I should be fine or I will ask help from family

guys if you had 12000 a year minimum wage @35 hours what savings would you need (brain dead this morning had a 20 hour day followed by 5 hours sleep)?

I think its around 34k savings