Bank of Scotland terms change

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PawelK
PawelK Posts: 373 Forumite
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in Savings & investments
Good morning. I recently received a letter from bos saying that from September each of my three Vantage accounts will additionally require two dds to qualify for the interest.

I was wondering if anyone is in a similar position and already considered where best to move the money so no dds are required but just monthly transfer in?

All three vantage accounts i use have already max amount in them (5k each) and I also already use Santander 123 current account, regular saver (easy access) and nationwide current account and regular saver (also easy access).

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  • B_G_B
    B_G_B Posts: 502 Forumite
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    PawelK wrote: »
    Good morning. I recently received a letter from bos saying that from September each of my three Vantage accounts will additionally require two dds to qualify for the interest.

    I was wondering if anyone is in a similar position and already considered where best to move the money so no dds are required but just monthly transfer in?

    All three vantage accounts i use have already max amount in them (5k each) and I also already use Santander 123 current account, regular saver (easy access) and nationwide current account and regular saver (also easy access).

    http://forums.moneysavingexpert.com/showthread.php?t=5463084

    http://forums.moneysavingexpert.com/showthread.php?t=5472458

    Personally, I have set up DD's on my BoS accounts to fulfil the new T&C's.
  • lytton
    lytton Posts: 49 Forumite
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    Yep I notified MSE of this a few weeks back when I received the letter. I've simply set up two DDs to charity for a pound each. Even with £24 less per year the interest is still decent compared to the rest of the stuff available (Assuming that you already have the other top rated accounts maxed out).
  • bigadaj
    bigadaj Posts: 11,531 Forumite
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    lytton wrote: »
    Yep I notified MSE of this a few weeks back when I received the letter. I've simply set up two DDs to charity for a pound each. Even with £24 less per year the interest is still decent compared to the rest of the stuff available (Assuming that you already have the other top rated accounts maxed out).

    True, there is at least one option that is free if you have a search around the forum.
  • chockydavid1983
    chockydavid1983 Posts: 713 Forumite
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    Do the DD's have to be at least £1?
  • FOREVER21
    FOREVER21 Posts: 1,729 Forumite
    Energy Saving Champion I've been Money Tipped!
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    chockydavid1983 wrote: »
    Do the DD's have to be at least £1?

    1 Amount of DD not specified by BOS merely 2 DDs

    2 If you are going down the charity route for the donations, anything less than £1. would not be cost affective to them after they have paid the fees for collecting the DD.

    3 As has been said elsewhere opening Tesco savings accounts is a good option.
  • chockydavid1983
    chockydavid1983 Posts: 713 Forumite
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    Thanks Forever.
    I was curious as to why people often mention £1 and that explains it. I may go down the charity route in September.
  • mel48rose
    mel48rose Posts: 513 Forumite
    Uniform Washer
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    I opened 2 tesco accounts yesterday in about ten minutes. That's my dd problem solved.
    If you change nothing, nothing will change!!
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