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Passbook Savings
Lee-10
Posts: 56 Forumite
Morning
I am curious to know if any banks / building societies still deal with passbook savings accounts..i.e lloyds bank, halifax etc
I know most of you won't recommend them as the interest is pretty darn low..
I only want some to put some money where saving for a holiday in short term ( saves it being around the house)
Any help would be greatly appreciated.
Thanks
I am curious to know if any banks / building societies still deal with passbook savings accounts..i.e lloyds bank, halifax etc
I know most of you won't recommend them as the interest is pretty darn low..
I only want some to put some money where saving for a holiday in short term ( saves it being around the house)
Any help would be greatly appreciated.
Thanks
MFW2021 #93 - £330/£2200
0
Comments
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Nationwide have some passbook accounts
and I think the Leeds0 -
I have a number of these but with smaller institutions:
Notts BS
Leeds BS
Saffron BS
Chorley BS
Penrith BS0 -
most hugh street banks have pulled them but you may find building societies may still have them, I know that nationwide does, but due to the low interest and the restrictions about how you can use the accounts there maybe another option with a card based account and interest....I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%£2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%Total £4095.19/£7332.95 = 55.84%0
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I'm interested as to why you would prefer a passbook account. Of course, the choice is up to you, but why not just open another current account, one that pays interest on small balances? It may not be much, but better than nothing! Also it will be easier to pay for your holiday when the time comes.0
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