Finally discharged / savings

cream_tea_2

Hi Guys,

I am now finally discharged and am wondering if I should leave some time before I open a seperate basic bank account to put some savings in?

CT

TheGardener

If you open a credit union account you don't need to wait! Google credit unions or visit the MSE page here http://www.moneysavingexpert.com/banking/credit-unions

The ultimate in ethical banking:)

cream_tea_2

Will the OR be looking at my bank account?

macbabypam

Once you are discharged you can save as much as you like. You still need to declare any changes in your income if you are still paying an IPA though.

longtermplanner

IPA not IVA (yes I know it was a typo!)

cream_tea_2

Many thanks for all the replies.
I don't have an IPA. I have managed to negotiate a slight decrease in rent and I am sure that I can save some on shopping etc.

WLITC

No reason you can't start saving right away. Who do you bank with? If you have a basic account with Barclays (most people are either with Barclays or Coop) you can open an e-savings account online instanty. Also if your with Barclays now that your discharged you can get internet banking reactivated.

cream_tea_2

Hi, I have a basic account with another bank but was thinking of opening a Barclays basic account.

WLITC

cream_tea wrote: »

Hi, I have a basic account with another bank but was thinking of opening a Barclays basic account.

No reason not too and you could use that as the savings account if your not bothered about interest.