savings accounts with standing orders!

alan12345_2

hi

does Amy One Know If There Are Any Online Saving Accounts Around That Would Let You Set Up A Standing Order On?

many Thanks
alan

mum2one

To be entirely honest, the idea of a savings account is to save, if you need standing orders to come out of an account, would you not better to open a basic account somewhere?

baby_boomer

You are chasing the Holy Grail and it is likely to be a fruitless pursuit .

The best you will be able to find is an current account with interest on special offer.

I currently use Coventry First @ ?6.35% - but it does require a £1K monthly payment into the account from salary or outside savings.

caliston

Icesave allows a regular weekly/monthly/annual transfer out to be set up, but only to your one nominated account. However you could set up another standing order from your nominated current account somewhere else. But you'd lose interest for 2x 3 day periods.

bootman

I have several regular savers. They are all standing order. Works for me.

sandieb

You could possibly take out a fixed rate bond that pays monthly interest to a nominated account. Nationwide currently has a one year fixed interest bond paying 6.7% gross. I believe this interest can be paid monthly.

(This may not be what you meant, though)

Nick_C

Halifax Web Saver allows transfers to up to 3 other (non HBOS) accounts, but you have to activate them "manually", they leave your account immediately, you can't set up for future dates or regular payments. Pays 5.3% gross without a cash card, or 5% with a cash card.

Special_Saver2

The only other thing that I can suggest is the Cahoot Savings account. It pays 5.75% gross p.a. and allows future-dated withdrawals to whichever account(s) you wish which in effect is the same as a standing order. It is a useful account to fund regular saver accounts with.

The Coventry First account (6.35% gross p.a.) has already been mentioned above. Great account, unfortunately the bonus only lasts for a year.

The other alternative is the Sainsbury's Internet Saver account (6.25% gross p.a.) but no future-dated withdrawals, only immediate transfers (to whichever account you wish).

ukdutypaid

bootman wrote: »

I have several regular savers. They are all standing order. Works for me.

To be clear, these are from the savings account provided by which organisation?