Savings accounts deposits by Direct Debit? UPDATED

waqasahmed

2010 wrote: »

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/

As did a lot of us, but Yorkie Boy over there has maxed all his accounts out, so is looking for the next best account

The PO doesn't seem too bad at 1.4%

savingsomemore

The Post Office account is dropping to 1.3% from 2/2/15

colsten

waqasahmed wrote: »

The PO doesn't seem too bad at 1.4%

Read the posts about getting money out of the PO, and you might not care for their interest rates. Plus, they are about to drop.

2010

waqasahmed wrote: »

As did a lot of us, but Yorkie Boy over there has maxed all his accounts out, so is looking for the next best account

Coventry 1.4% but restricted to 12 penalty free withdrawals a year.

That shouldn`t affect Yorky though with the Yorkshire war cry of "HOW MUCH", there won`t be any withdrawals.

YorkshireBoy

2010 wrote: »

Coventry 1.4% but restricted to 12 penalty free withdrawals a year.

Doesn't suit me on several counts:


1. The rate margin isn't worth the 'hassle' to me.
2. Unlikely to need 12 withdrawals a year (but not for the reason you speculated upon!), but I'd rather have a 'clean' account (unless the rate margin was larger).
3. I have enough accounts/account providers as it is.
4. No experience with Coventry, but I'm guessing withdrawals are next day...not by instant/2 hour FP?

colsten

YB, I haven't followed the recent exchanges on this thread in any detail - but if it's you looking for a savings account: don't you still have your old Egg savings in YBS? Last time I looked they were on 1.35% (I have probably jinxed them now that I mentioned that rate).

YorkshireBoy

colsten wrote: »

YB, I haven't followed the recent exchanges on this thread in any detail - but if it's you looking for a savings account: don't you still have your old Egg savings in YBS? Last time I looked they were on 1.35% (I have probably jinxed them now that I mentioned that rate).

Been 1.25% for a good while now, as is my Internet Saver. In fact, I'm expecting them to drop further soon (or at least receive 60 days or whatever notice that they will).

colsten

Oh, I was sure they were 1.35%. I am sure you are right though.

waqasahmed

2010 wrote: »

Coventry 1.4% but restricted to 12 penalty free withdrawals a year.

That shouldn`t affect Yorky though with the Yorkshire war cry of "HOW MUCH", there won`t be any withdrawals.

I am also from Yorkshire

12 withdrawals is a bit...!!!!!!

waqasahmed

@Yorkshire Boy

I found this:

http://www.habibbankuk.com/rates-charges/habib-bank-uk-base-rate/

Habib bank itself is pretty decent, though I don't quite trust Pakistani banks to actually update their damn web pages...

And the rates in the PDF here seem vague as well:

http://www.habibbankuk.com/fileadmin/user_upload/PDF/HBL%20UK%20Schedule%20of%20Charges%20Dec%202104.pdf

If you can get 3.5% on an easy access account, that'd be amazing!