We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Instant access account with faster payments both in and out?

Are there any? I'd like to keep a thousand or two to bounce between my Halifax Reward accounts and also feed my A&L account with the minimum £500 required per month.

Thanks in advance for any help.

Comments

  • flyingscotno1
    flyingscotno1 Posts: 1,679 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Savings accounts with FP in and out. I guess RBS/Natwest and HBOS who seem to be the two with better FP set-ups than others will be the only ones- Building Societies seem to be only able to do inward transactions.
  • Sportbilly_2
    Sportbilly_2 Posts: 195 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Thanks, I thought that might be the case. I have personal and joint current accounts with RBS anyway, so it might be an idea to set one up with them as the Halifax ones I've seen generally seem to have tight restrictions on the number of withdrawals.
  • MissNobody
    MissNobody Posts: 146 Forumite
    Tesco internet saver do fast payments out, payments in would I guess depend on your bank, not sure how savings rates compare but might be worth a look???
  • Sportbilly_2
    Sportbilly_2 Posts: 195 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Smashing, thanks for the heads-up. The rate is 2.25% including a bonus vs 1.25% or so for the RBS account I was looking at.
  • Sportbilly_2
    Sportbilly_2 Posts: 195 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Presumably, Tesco savings are done by RBS- the application screens are identical. Shame I couldn't use my RBS current account details there and then, but I'll be getting an application pack soon enough.
  • flyingscotno1
    flyingscotno1 Posts: 1,679 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Sportbilly wrote: »
    Presumably, Tesco savings are done by RBS- the application screens are identical. Shame I couldn't use my RBS current account details there and then, but I'll be getting an application pack soon enough.

    They were at one time.

    Actually on the other hand Yorkshire BS don't do FP out of their internet saver, but do offer a cash card which gives 24hr access to the cash via a cash machine at 2.1%.

    Slightly different option- but one to think about.
  • Sportbilly_2
    Sportbilly_2 Posts: 195 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Thanks for that flyingscot. I'm looking to move money around quickly to satisfy funding requirements for the Halifax and A&L accounts though, so it wouldn't be as good as the Tesco one.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.8K Banking & Borrowing
  • 254.5K Reduce Debt & Boost Income
  • 455.6K Spending & Discounts
  • 247.6K Work, Benefits & Business
  • 604.6K Mortgages, Homes & Bills
  • 178.6K Life & Family
  • 262.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.