Savings Accounts with *outward* standing orders

gazoakley

Anyone know any savings accounts that have a facility for outward standing orders? I think I may have a cunning plan up my sleeve

Halifax are now doing their reward current accounts that pay £5 every month you pay in £1000. I'm thinking of getting their account and setting up a standing order on both accounts to just cycle the money between a savings accounts and the current account to ensure I get the £5 each time...

Robert_Sterling_3

I do not think that any savings account has the standing Order facility to make payment from the savings account.

opinions4u

gazoakley wrote: »

Anyone know any savings accounts that have a facility for outward standing orders? I think I may have a cunning plan up my sleeve

Halifax are now doing their reward current accounts that pay £5 every month you pay in £1000. I'm thinking of getting their account and setting up a standing order on both accounts to just cycle the money between a savings accounts and the current account to ensure I get the £5 each time...

Many Halifax accounts will allow you to do internal standing orders in to a current account - moving the money instantly, so now delay in BACS etc.

Not sure the rates are that good at the moment - but perhaps a good starting point would be the Bank of Scotland IASA paying 1%.