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Kaupthing Edge - sole accounts only

lolly5648
lolly5648 Posts: 2,257 Forumite
Part of the Furniture 1,000 Posts
in Savings & investments
I was just about to open a savings a/c with KE when I noticed that they didn't do joint accounts.

Is this usual - I want to deposit joint savings into their fixed rate bond so now I will have to trawl around looking for somewhere else.

All our money is in joint names - are sole accounts a new trend?

Comments

  • cheekykid
    cheekykid Posts: 259 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    lolly5648 wrote: »
    I was just about to open a savings a/c with KE when I noticed that they didn't do joint accounts.

    Is this usual - I want to deposit joint savings into their fixed rate bond so now I will have to trawl around looking for somewhere else.

    All our money is in joint names - are sole accounts a new trend?

    Here's the responce i got from them:
    "I can confirm that we do offer sole, joint, company & Trust Accounts. If you do opt for a sole account and the account holder passed away, the account would be frozen awaiting 'Manx Probate' to be granted. In this event an advocate on the Isle of Man would need to be contacted by the executors to gain 'Manx Probate' and then the executors would provide instructions to us for the distribution of the estate/funds."

  • Doomcow
    Doomcow Posts: 1,729 Forumite
    isle of mann?
    Mr & Mrs Doomcow Wedding Fund: £10200/£18000 (by 04/2012) (spent £2000)
    meiow meiow purr meep merp purr urble purrup :)

    requires further financing
  • jem16
    jem16 Posts: 19,792 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    lolly5648 wrote: »
    I was just about to open a savings a/c with KE when I noticed that they didn't do joint accounts.

    Is this usual - I want to deposit joint savings into their fixed rate bond so now I will have to trawl around looking for somewhere else.

    All our money is in joint names - are sole accounts a new trend?

    It varies from bank to bank - no particular trend.
  • cheekykid
    cheekykid Posts: 259 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Doomcow wrote: »
    isle of mann?

    Not sure. I just mailed them from this website: https://www.kaupthingedge.co.uk
  • jennifernil
    jennifernil Posts: 5,806 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Joint names is OK if you both pay the same rate of tax.

    As I am a non taxpayer and OH is a 40% taxpayer, all our savings are in my name.
  • martin_amery
    martin_amery Posts: 22 Forumite
    I also opened an account – but never paid in to it, for the same reason as you lolly5648 (No Joint Accounts)
    Martin
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