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I have recently taken over as treasurer for our sports and social account. We currently have some funds in a local building society account. However this is proving very inflexible from interest rate to withdrawals. On the up side we do not get charged for our services and as I understand the banks will. Any advice on the best accounts for such an account would be warmly welcomed.

P.S. I am new to this site but am finding it extremely useful.

Cheers!

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  • Tony_H_3
    Tony_H_3 Posts: 2,643 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Welcome to MSE, throughout the date you will no doubt receive excellent information regarding your question. In the meantime feel free to browse the Savings Article Click Here where you will find information about the current best services and advice to help you choose.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    A number of banks will have club, society or charity accounts etc but a lot these days pay little if any interest on balances held.
    Depends I suppose on the amount of money held and which is more important to you and the members ie is it better for you to have interest on the money or flexibility to issue a cheque when needed.
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