a savings account

worldsnooker147

hi im looking for some help re savings account

im looking to open a savings account,

i would like to open one that the bank will just give me a book and i can go in personally into the bank and pay it in, then they update the book

is there such a thing and can someone direct me to one in form of a link??

preferably lloyds as there is a local one next to me but its not a preference

thanks in advance for ppls help

paul

Lokolo

Lloyds no longer offer passbook accounts according to this thread

https://forums.moneysavingexpert.com/discussion/comment/33224109#Comment_33224109

Any passbook accounts will have very little interest.

http://www.nationwide.co.uk/savings/notice_accounts/bonus30/

You need 30 days notice to withdraw and the interest rate is 0.2%.

Another one without notice, (post office)

http://www.nsandi.com/products/invac

Again 0.2%

atypical

Is there a reason why you want a passbook? It's really an antiquated way of doing things now.

I don't think Lloyds does one. The best I think is Northern Rock, instant access at 1.9%:
http://www.northernrock.co.uk/savings/branch-and-postal-accounts/branch-saver/

worldsnooker147

my current account is with natwest and i also have a savings account with them too.
i use online banking and it is just too easy to dip into money between the accounts if you know what i mean

hence the reason for wanting to open a savings account with different bank so i can easily access my balance whenever needed

im not bothered about making any interest etc, just happy with having what ive deposited

worldsnooker147

a pssbook was my preferred choice but not essential, just wanted some way of keeping check on my balance

i use online banking with natwest so im not computer illetrate

worldsnooker147

well is there an account with lloyds where i can pay in the money using a paying in book and then be able to view it online??
cheers

DavidHayton

worldsnooker147 wrote: »

well is there an account with lloyds where i can pay in the money using a paying in book and then be able to view it online??
cheers

Hi! Why not go into the Lloyds branch and talk to the staff in there about what you want to do? David

Lokolo

If you have internet banking, just deposit using that. You can transfer money across. Then don't log into Lloyds until you need the money?

Or would that also be too easy for you?

Loughton_Monkey

Seems your motivation is to avoid being able to draw out the money easily.

Fine, but the 'cost' of using a passbook account is basically the bulk of a normal interest rate - because you can get 2.8%+- online, and only 0.1%/0.2% with such a 'handraulic' system.

You need to work on your motivation and psychology. For example, how about something like Nationwide MySave? Quite a good interest rate. Online account. But you lose interest for the month every time you withdraw. This might prevent you dipping into it. If it doesn't, I would suggest your problem is not a physical financial one, but something else.

snowqueen555

I also have problems dipping into money, I'm thinking of using a regular saver that allows no access during the duration, a few banks and building societies offer this, but not many.

psychic_teabag

Perhaps consider a notice or a postal account - sufficiently inconvenient to reduce temptation ? eg see http://www.!!!!!!.uk/free-services/best-buy-savings-accounts/notice-accounts-approx-1-month/

Note that some may allow instant-access with a penalty instead, which might not be sufficient disincentive for OP (who doesn't care about the interest rate anyway). Looks like the Post Office one requires a little effort to get a no-notice withdrawal.