Opening new current accounts in retirement

xylophone

I suspect that if interest rates on savings accounts were better, most people would be content with a couple of current accounts, some savings accounts and their investment accounts.

I remember a time ( it seems in the dim and distant), when I ran my financial affairs as above - then came 2008 and its consequences.

Having been introduced to the "magic roundabout" by the happy band of riders on MSE, I quickly jumped on and have been going round and round in circles ever since....:rotfl:

bigadaj

xylophone wrote: »

I suspect that if interest rates on savings accounts were better, most people would be content with a couple of current accounts, some savings accounts and their investment accounts.

I remember a time ( it seems in the dim and distant), when I ran my financial affairs as above - then came 2008 and its consequences.

Having been introduced to the "magic roundabout" by the happy band of riders on MSE, I quickly jumped on and have been going round and round in circles ever since....:rotfl:

We'll just have to call you Florence from now on.

I'll be zebedee and hop off now!

badger09

bigadaj wrote: »

We'll just have to call you Florence from now on.

I'll be zebedee and hop off now!

bigadaj, "we don't have time to indulge in recreational activities....."

(Brian - claimed by badger09):p

xylophone

We'll just have to call you Florence from now on.

I think I'm more of a Dougal....or possibly Ermintrude.....:rotfl:

esmy

I retired 2 months ago with a similar pension income to your husband OP. To date I have opened 4 current accounts without any problems whatsoever. Tesco was the easiest process (x2 accounts) and don't have a minimum pay in or requirement for any DDs so a good place to start.

Missus_Hyde

We're both retired and I've had absolutely no problem opening accounts (current and savings) for both myself and my husband.

Like OP, I tend to open and sort out the accounts for both of us, as it saves my husband the hassle of doing it.

Mannanan

Only account I had problems opening was HSBC Advance. Only wanted it for the 6% regular saver. They refused my online application and I am sure it was because I stated retired. Actually, I am not state retirement age but just drawing a private pension. There was no other relevant box to tick, unlike some applications that offer 'independent means' as an option. Anyway, I applied again three days later and said I was employed and filled in the form as if I was a private consultant working part time. Account was then approved no problem. I think you will also find other tales of HSBC being a bit picky.

eskbanker

Mannanan wrote: »

I applied again three days later and said I was employed and filled in the form as if I was a private consultant working part time. Account was then approved no problem.

Unless you are employed as a private consultant working part time then you've secured that account by misrepresentation, was it really worth it?