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is there an account where....
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downs523
Posts: 866 Forumite
is there a savings account where it requires mine and my partners signiture to withdraw but also pays interst monthly?
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There are loads. I believe most accounts have the option of both-to-sign or either-to-sign. I've opened three fixed-term accounts in the last three months and they all had this option, as well as monthly interest option.
Probably the best bet is to decide exactly what type of account you want - e.g. fixed term or instant access and then check out some comparison sites such as this one."The trouble with quotations on the Internet is that you never know whether they are genuine" - Charles Dickens0 -
which 3 did you open that do this?0
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every halifax savings account (apart from ISA's) can be made joint and all of them can be made either to sign or both to sign. I am assuming this goes for the whole market as wellI am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
most of them have an online facility, can you choose not to have this, as anyone can withdraw without the other person0
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down523, be very careful about opening a joint account that needs both signatures. If you fall out and one of you doesn't want to sign, you are in big trouble. You won't be able to close the account or do anything with it at all and the bank won't be able to do anything because it will have a mandate signed by both of you.
You haven't said why you want the account; if it's for saving for a home or something, then you might consider having two separate accounts. If all goes fine, then no problem, if it doesn't, you are both free to walk away.
I speak from bitter experience!
Good luck.0 -
yeah its for a deposit for a house (maybe late 2009) and our wedding (2010) at the moment we have the alliance and leicester e saver at 6.5%. the accounts solely in my name but we both have the login details0
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