Best easy access joint account

fawxes

My girlfriend and I are trying to find an online account to save for a holiday this summer and a wedding in 2012. We live an hour from each other and so an on-line account seems best.

Does anyone have any ideas about which would be best to run between the two of us.

We aren't too interested in interest rates, ease of access, security and ease of managing the account between us is most important.

Consumerist

fawxes wrote: »

We aren't too interested in interest rates, ease of access, security and ease of managing the account between us is most important.

I assume you mean "We aren't too interested in interest rates, [but] ease of access, security and ease of managing the account between us is most important."

Firstly, savings accounts don't generally allow FPS transfers out so will not be as manageable as current accounts in that respect.

Egg savings offer a fairly versatile service in that you are not restricted to withdrawals to a nominated account - you can add your own payees. They do accept FPS transfers in but it's BACS transfers out. They currently offer 2.5% EAR on their [FONT=Arial, Helvetica, sans-serif]Egg Savings Account (internet) Issue 2[/FONT][FONT=Arial, Helvetica, sans-serif] account.

From Egg's website:
[/FONT]

[FONT=Arial, Helvetica, sans-serif]Joint applications You should only open a joint savings account if you and the other joint account holders understand the commitments you are entering into. Each joint account holder, both individually and together, is bound by this agreement and is responsible for any money which may be due to us. Please note that one savings account holder can withdraw the entire balance of the account on their own.[/FONT]

I've used Egg for a few years now (sole account) and find their customer service (via secure messaging) to be reasonable.

Nothanks

Joint accounts are a much bigger step than people realise often. Good job on above poster for pointing that out. I really don't mean to be rude OP, but if there's anything detrimental in either of your credit histories, now's the time to talk about it!

Congrats on the wedding though!

On topic: if you don't care about rates, whoever either one of you banks with can offer a joint savings account with instant access (Even a card) so why bother going to a new bank when at your own only one of you needs to be ID'd ?

fawxes

My apologies for not replying sooner, I've had a busy December, and thanks for the advice and information.

We both understand the issue about joint responsibility and have already discussed the issue of how much trust we are placing on each other.

Wishing you all the best for the New Year )