Savings accounts deposits by Direct Debit? UPDATED

edited 15 April 2017 at 10:01PM in Savings & investments
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  • edited 17 January 2015 at 2:09PM
    waqasahmedwaqasahmed Forumite
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    edited 17 January 2015 at 2:09PM
    2010 wrote: »
    Well Yorky short of getting married and trusting and sharing with one another I`m afraid you`re stuck with the limit you have.
    A married couple as you know can have one each and a joint one making £60k.
    Why don`t you complain that singles are being discriminated against.
    Quote the human rights act, that usually does the trick.;)

    Just let it go 2010



    Besides, there's bound to be loads more banks than just Al Rayan bank, that allow you to put an FTD in there. Mostly they tend to be foreign tho :D
  • masonicmasonic Forumite
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    2010 wrote: »
    Well Yorky short of getting married and trusting and sharing with one another I`m afraid you`re stuck with the limit you have.
    A married couple as you know can have one each and a joint one making £60k.
    I didn't think it was a requirement to be married in order to open a joint account.
  • waqasahmedwaqasahmed Forumite
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    masonic wrote: »
    I didn't think it was a requirement to be married in order to open a joint account.

    This is true. You can open one up with whoever tbh
  • 20102010 Forumite
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    waqasahmed wrote: »
    This is true. You can open one up with whoever tbh

    You`ve said it, and let`s hope they will be honest if you do.;)
  • YorkshireBoyYorkshireBoy Forumite
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    2010 wrote: »
    Well Yorky short of getting married and trusting and sharing with one another I`m afraid you`re stuck with the limit you have.
    A married couple as you know can have one each and a joint one making £60k.
    Why don`t you complain that singles are being discriminated against.
    Quote the human rights act, that usually does the trick.;)
    It was just a typo then. And there's me getting my hopes up (for 4 accounts...by your accounting system ;)).
  • waqasahmedwaqasahmed Forumite
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    @Yorkie Boy

    As far as I understood, Tesco were paying 1.35% (with the bonus) provided you don't take any money out for a year right???

    There's definitely better accounts out there for that
  • waqasahmedwaqasahmed Forumite
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    2010 wrote: »
    You`ve said it, and let`s hope they will be honest if you do.;)

    Well Im hardly going to open it with absolutely any one :D Im just saying in theory, you can open it with any one!
  • edited 17 January 2015 at 2:27PM
    YorkshireBoyYorkshireBoy Forumite
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    edited 17 January 2015 at 2:27PM
    waqasahmed wrote: »
    @Yorkie Boy

    As far as I understood, Tesco were paying 1.35% (with the bonus) provided you don't take any money out for a year right???

    There's definitely better accounts out there for that
    I don't think the bonus is affected by withdrawals is it?


    It was 1.4% until very recently I believe. I just missed it (by a few days) and had to settle for 1.35%.


    There are reasons for using this account for (some) savings, which I won't go into here...suffice to say I'd be very interested to hear of any instant access savings accounts that can beat that rate (by a meaningful amount).
  • edited 17 January 2015 at 2:27PM
    20102010 Forumite
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    edited 17 January 2015 at 2:27PM
    waqasahmed wrote: »
    @Yorkie Boy

    As far as I understood, Tesco were paying 1.35% (with the bonus) provided you don't take any money out for a year right???

    There's definitely better accounts out there for that

    I opened a couple of Tesco`s for one reason only, to get the DDs.

    There may be better rates such as Coventry 1.4% but the AA have just chopped theirs to 1.25%
    With low inflation, the Fund for Lending rates can only go down.
    Little wonder the 65+ bonds are being snapped up.

    http://moneyfacts.co.uk/savings/easy-access-savings-accounts/
  • waqasahmedwaqasahmed Forumite
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    I don't think the bonus is affected by withdrawals is it?


    It was 1.4% until very recently I believe. I just missed it (by a few days) and had to settle for 1.35%.


    There are reasons for using this account for (some) savings, which I won't go into here...suffice to say I'd be very interested to hear of any instant access savings accounts that can beat that rate (by a meaningful amount).


    AH I thought it was if you left it for 12 months... Hence the "bonus"

    Next best, State bank of India and the AA aren't TOO bad:

    http://www.moneysupermarket.com/savings/easy-access-accounts/
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