Joint Bank Accounts

ladby

I've just bought a house with OH and we were looking to set up a joint bank account to pay the mortgage and bills - I can't see any recommendations on the site. Have I just got my baby brain on? Can anyone suggest a goodun/say who to stay well clear of?

Ta

psychic_teabag

Santander's 123 account gives cashback on some bills paid by D/D, and pays interest on the balance. There is a £2 monhtly fee, but if your bills are big enough, the cashback will cover that and more. I think there's a calculator on their site. But it is Santander...

Have you read Martin's banking articles ? (See buttons at top of page.)

Idiophreak

I'd steer clear of Barclays - took us over an hour in-store to convert a single account into a joint. Unbelievably hard work.

xylophone

Have you tried HSBC?

missile

It might be sensible to open a joint account with your mortgage provider?

ladby

Thanks for all the replies, will look into over weekend and see what's going to be best for us. Had seen the Santander 123 account and was on the definitely maybe list. Will be in touch...

ladby

Have decided to go with the Santander 123 account - using the calculator, it reckons I'll earn £61/year without having a heck of a lot of money left in the account. If I take off the £24/year I need to pay for the account, I'll still end up with an extra £37/year in my back pocket. Not bad for not doing any saving and just paying the bills, thank you for the help!