Savings accounts deposits by Direct Debit? UPDATED 1 December 2014 at 8:28PM edited 15 April 2017 at 10:01PM in Savings & investments 381 replies 209.5K views

veryintrigued

planteria wrote: »

i'm not sure whether that is sarcasm veryintrigued, but on the off chance:T anyway,

No sarcasm

block10

Is it possible to set-up a direct debit for Premium Bonds? Cant see anything on NS&I web page other than a standing order.

planteria

You've not been on the end of one of her bitter campaigns then;)

And yes 2010.. I am interested in the best rates accessible via DD. Tesco IS at 1.4pc. Is there anything beating, or even comparable, with that?

planteria

I don't think that is possible. Best to buy them in a block though, block:)

masonic

planteria wrote: »

And yes 2010.. I am interested in the best rates accessible via DD. Tesco IS at 1.4pc. Is there anything beating, or even comparable, with that?

You mean you want to deposit money into a savings account and use it to earn interest? I almost forgot they could be used for that

eskbanker

planteria wrote: »

what are the best paying alternatives to TescoBank for Savings Accounts which allow DD contributions?

I thought it was pretty much taken as read that these accounts are only recommended as a means of satisfying the conditions for current acccounts that pay decent interest! In other words, if you're wanting to maximise interest, use these accounts as temporary homes for small amounts before transferring out somewhere better to get a better rate....

Edit: just saw post #24, as you say, as it happens, Tesco is currently as good as other easy access savings accounts, albeit only by virtue of the one year bonus, so if you've filled up all the 3-5% opportunities then there are worse places to dump surplus funds if you want to keep significant amounts in cash form.

YorkshireBoy

planteria wrote: »

I am interested in the best rates accessible via DD. Tesco IS at 1.4pc. Is there anything beating, or even comparable, with that?

Yes, at least one from those listed on the first page. But have I seen a post saying Tesco is dropping later this month/early Feb?


There's obviously a very good reason why you want to lose interest for 1-2 days whilst your funds transfer via DD (as opposed to instantly via FP). Care to share?

ceredigion

planteria wrote: »

And yes 2010.. I am interested in the best rates accessible via DD. Tesco IS at 1.4pc. Is there anything beating, or even comparable, with that?

Haven't got a clue.
Ask innovate she will know

planteria

She "knows" all sorts of things, whether there's any truth involved doesn't matter too much;)

And yes.. Using to satisfy criteria, but tend to leave to accumulate..so if there can be some interest generated that's a bonus.

Which is the One, Yorkie?

YorkshireBoy

planteria wrote: »

Which is the One, Yorkie?

If you get to the 3rd one you've gone too far!


It's also listed on the best savings account article on the main site, alongside Tesco...but only one nominated account.


Only fair that we both do some work.