No Credit Check Savings Account?

Frugal_Housewife
Frugal_Housewife Posts: 40 Forumite
in Savings & investments
Hi
I got some money for my Birthday (only a small amount) I have decided I want to open up a savings account so that I can put it there so I don't fritter it away or use it on bills as I would like to save it for a rainy day.

I am in an IVA though so when I asked my bank (co-op) about their online saver they told me they do credit checks so obviously I cant use them.

Are there any basic savings accounts or building societies or something that I can use?

Comments

  • opinions4u
    opinions4u Posts: 19,411 Forumite
    While many places will carry out a credit check they won't decline you for a savings account.

    Consider local building societies, credit unions, Halifax etc.
  • MoneySaverLog
    MoneySaverLog Posts: 3,232 Forumite
    Co-op though will decline savings accounts for people who are in IVAs as the OP says.
  • Frugal_Housewife
    Frugal_Housewife Posts: 40 Forumite
    So basically anyone but co-op?
  • MoneySaverLog
    MoneySaverLog Posts: 3,232 Forumite
    Yes, don't know why they are picky, but appearently you can potentially have two cashminders but no savings account with them.
  • Frugal_Housewife
    Frugal_Housewife Posts: 40 Forumite
    Thanks very much for your help
  • Ifts
    Ifts Posts: 1,951 Forumite
    First Anniversary First Post Combo Breaker Name Dropper
    edited 5 March 2012 at 2:59AM
    Frugal_Housewife wrote: »
    Are there any basic savings accounts or building societies or something that I can use?

    These threads in these links might be of use to you:
    http://www.iva.co.uk/forum/topic.asp?TOPIC_ID=29219
    http://www.iva.co.uk/forum/topic.asp?TOPIC_ID=34113
    (and the site itself may also be of interest to you).

    Some people commenting on there with an IVA have managed to open a savings account with Yorkshire building society, Norwich and Peterborough BS, Barclays, Nationwide and Natwest. Natwest seems a favourite on there.
    So basically anyone but co-op?
    Even mentioned on there peeps are having problems with co-op!

    I'm not entirely sure but I didn't think savings accounts required credit checks, I thought that was only for current accounts. I may be wrong on that, maybe someone in the Know can clarify that for you.
    Never let the perfume of the premium overpower the odour of the risk
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