Savings accounts deposits by Direct Debit?

innovate

snowgo wrote: »

I've just realised that if I do a search on my lloyds account on internet banking and set the search dates very narrow, when printed it has the heading 'classic vantage statement' and shows just the last transaction, which in my case is an interest payment and balance. So if I send that to Santander it gives them only minimal info.

Just blank out (e.g. with a thick black marker pen) any transactions on the statement. As long as your sort code and account number, and preferably also your name and address, are visible, they should be happy.

Have you told them that you are an online customer and don't get paper statements?

MoneySaverLog

Think the best way is to have 2 Tesco internet saver accounts then set up a direct debit from each of the vantage accounts to the two Tesco accounts.

That covers off 6 DD's in total, all for a pound :-)

innovate

MoneySaverLog wrote: »

Think the best way is to have 2 Tesco internet saver accounts then set up a direct debit from each of the vantage accounts to the two Tesco accounts.

That covers off 6 DD's in total, all for a pound :-)

Please could you keep on topic, and post anything Vantage related in the Vantage thread?

The thread we are in at the moment is just to list savings accounts that allow Direct Debits. This is not Vantage (or any other offering) specific.

Speculator

Dagobert wrote: »

You don't need to send paper forms or cheques but you have to jump through a few hoops to authorize the DDs:

• phone an 0845 number to authorize DDs
• make a payment from the account the DD is to be set up on

I called this number. 02920 382000. It's on their website next to the 0845 number.

Maybe cheaper than the 0845 number.

manyaonisland

Here are top 3 accounts (in terms of rate of Interest) which allows multiple link accounts and have on-line application process

• Post office Online saver (Issue 7) – 2.95% Gross Variable for first year upto £2M. This includes fixed bonus of 1.30% in the interest rate which is applicable for 1st year after which it returns to std rate.
• Principality BS Esaver (Issue 6) – 2.85% Gross Variable for first year upto £1M. This includes fixed bonus of 1.20% in the interest rate which is applicable for 1st year after which it returns to std rate.
• Tesco Internet saver – 2.60% Gross Variable for first year upto £1M. This includes fixed bonus of 1.35% in the interest rate which is applicable for 1st year after which it returns to std rate.

innovate

manyaonisland wrote: »

Here are top 3 accounts (in terms of rate of Interest) which allows multiple link accounts and have on-line application process

• Post office Online saver (Issue 7) – 2.95% Gross Variable for first year upto £2M. This includes fixed bonus of 1.30% in the interest rate which is applicable for 1st year after which it returns to std rate.
• <snip>

I was unable to set up any additional DD for my Online Saver Issue 5. I could add additional 'nominated' accounts, but they all defaulted against an "Instant Saver/Easy Saver", for which the minimum opening deposit is £500.

manyaonisland

innovate wrote: »

I was unable to set up any additional DD for my Online Saver Issue 5. I could add additional 'nominated' accounts, but they all defaulted against an "Instant Saver/Easy Saver", for which the minimum opening deposit is £500.

I have set up the first one today and waiting for my online registration now as for some reason Website gave me error while registering online and hence could not finish the registration.

I have seen pas post in this thread where someone have managed to set up DD on the same account using linked account facility.

slush

Post Office Online Saver is now closed...

"Due to popular demand Online Saver is no longer available to new applications. We’ll be launching a new issue of Online Saver shortly so please come back soon."

http://www.postoffice.co.uk/finance/savings-investments/online-saver

Speculator

slush wrote: »

Post Office Online Saver is now closed...

"Due to popular demand Online Saver is no longer available to new applications. We’ll be launching a new issue of Online Saver shortly so please come back soon."

http://www.postoffice.co.uk/finance/savings-investments/online-saver

They probably expect people to invest £1000s in the account so closed it to new applicants.

They will get exactly £1 pm from me for one year unless Lloyds decide to extend the 4% offer.

Gers

manyaonisland wrote: »

Here are top 3 accounts (in terms of rate of Interest) which allows multiple link accounts and have on-line application process

• Tesco Internet saver – 2.60% Gross Variable for first year upto £1M. This includes fixed bonus of 1.35% in the interest rate which is applicable for 1st year after which it returns to std rate.

Thanks - just set this up online and will feed a DD of £1.00 per month from Classic Vantage. I'll need to look for another saver for the second DD unless I move one of the ones from my 'usual' current account instead.