savings account and other questions

elliesmemory1

I am thinking about trying to open a savings account, just to help budget for car tax and mot and things like that.
I have read about yorkshire building society, how does this work?

There is not a branch near me so how do you pay in money and withdraw it.
would I be allowed to open a account with them? Br nearly a month. Would I need to tell or if I do open one?

I have been doing surveys on line etc for a while and get small amounts for this, Ive been told on here that its ok as only small pay outs not very often, I also use cash back sites if I need to buy anything is this ok too or do I need to tell or.
Also I have sometimes sold the odd thing on ebay, nothingworth loads mostly books clothing etc, is this allowed now Im br?
Thanks.

philnicandamy

Hardupandfedup wrote: »

I am thinking about trying to open a savings account, just to help budget for car tax and mot and things like that.
I have read about yorkshire building society, how does this work? the account can be managed online & you receive a link cashcard with it meaning you can use basically any cashpoint in the link network

There is not a branch near me so how do you pay in money and withdraw it.
would I be allowed to open a account with them? Br nearly a month. Would I need to tell or if I do open one? pay in & transfer online easily enough they give the savings account to discharged and undischarged bankrupts..you dont need to tell them unless they ask

I have been doing surveys on line etc for a while and get small amounts for this, Ive been told on here that its ok as only small pay outs not very often, I also use cash back sites if I need to buy anything is this ok too or do I need to tell or. such small ammounts no you wouldnt need to
Also I have sometimes sold the odd thing on ebay, nothingworth loads mostly books clothing etc, is this allowed now Im br? long as its not for large ammounts you'l;l be fine
Thanks.

just a few thoughts

elliesmemory1

Thanks very much, will look in to opening savings account.

jedi82

My husband and I were talking about this yesterday. I thought it would be a good idea but he thinks that the savings would become an asset that the OR could take. We're obviously not talking huge savings but would include the money allocated to the car/clothes/holiday to be used when needed.

What do you reckon?

philnicandamy

you'll be fine with the ybs saver jedi..

Doucam

We have the YBS saver as well, found it really easy to operate online.