Best Joint Account

Ben.Quo

Hi

Me and my fianc! are looking to move into our first home in the next couple of months, and we want to set up a joint account for bills and rent etc. it'll be easier and we wanted to consolidate our finances anyway!

My question is, what is the best Joint bank account? I'm currently with HSBC which have been quite good to me over the years, and my fianc! is with Natwest, which have provided her with the opposite experience over the past couple of years. but I'm willing to try something new if it's good and people recommend it!

Im considering first direct for their customer service, the one that waives the fee if you earn over 21k or something. Unfortunately I'm just below that, so does it go on the earnings of all account holders as a total or on an individual basis? As a couple we easily meet that criteria, but individually we do not.

We've done a forecast budget of our wages and bills that we expect to pay, and we'll have quite a bit left (although I know that it may not always turn out that way!) so we should be in credit pretty much all of the time.

All help is greatly appreciated, many thanks!

Ben

seriousDFW

I'd recommend First Direct, who also give a reassuring £500 overdraft, with the first £250 interest free if you have to dip into it.

The minimum payment requirement is in total, so if you pay in £1500 each month the charge is waived. It could even be the same money cycled through, or you could open a savings account with £1 in it to avoid the charge. You won't need to anyway if you have joint income of at least £1500.

They don't pay interest, but you can save money elsewhere. Although their Regular Saver at 8% is a really good idea to save up to £300 each month.

Lloyds TSB also seem to have a good reputation, but I can't vouch for them personally.