Savings Account with a Linked Current Account?

Arlyd

Hey

I have some savings which I want to put aside, out of view from my current account provider (Nothing dodgy - I just don't want to see them and get tempted to spend when I log in).

Previously I had an account with ING Direct which made you pick a current account - that was the only place you would send money back to. If you wanted to change the account nominated you had to pay in a cheque so they knew it was definitely your current account.

Does anyone know of a bank that does this or something similar? I like this feature, it makes me feel that my funds are secure. I'm not fussed about the rate.

Thanks! :j

Archi_Bald

Lots of traditional savings accounts at Building Societies, the Post Office and the AA work with the linked, or nominated, account set up. They pay pretty insignificant interest - your money is basically guaranteed to lose value since the interest rate is less than the inflation rate, and that's even before tax has been deducted.

You have landed on a moneysaving forum where people are fussed about rates, and nobody here will understand why you would settle for a sub-2% rate when you can get up to 5%.