We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

Savings accounts accepting DD's

1…4849515354…123

Comments

  • Herbalus
    Herbalus Posts: 2,634 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    Roseanne1 wrote: »
    I thought it would be handy if a list could be included somewhere of what accounts need different DDs and what ones don't.

    Suggest we don't do that. The information is all there with a little bit of searching, and having a prominent list of exactly how to engineer every single bank account (which large numbers will copy) is likely to end up in products being amended or changed.

    Let's do our research, quietly, and enjoy the rewards whilst they last.

    Can you imagine if this week 10,000 customers started pulling £1 weekly DDs from Co-Op to Post Office? It'd end up like Tesco I'm sure.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Seventh Anniversary 500 Posts Name Dropper
    Herbalus wrote: »

    Can you imagine if this week 10,000 customers started pulling £1 weekly DDs from Co-Op to Post Office? It'd end up like Tesco I'm sure.

    I've been doing that since November 2017:cool::cool: If Post Office pull the facility, so be it. I will have enjoyed the Co-op £4 a month while it lasted.
  • stevec59
    stevec59 Posts: 313 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    eskbanker wrote: »
    No, it doesn't make me wonder if Lloyds will change their T&Cs (on Club Lloyds or any other accounts requiring DDs), why would they?

    In my mind they should change there T&C's because if they don't then I wont be able to get interest from them and therefore no point in having an account with them and I dare say that hundreds are in the same boat, so they loose loads of savers
  • polymaff
    polymaff Posts: 3,958 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 14 April 2018 at 2:27PM
    stevec59 wrote: »
    ... , so they loose loads of savers
    ... and that "loose" will boost their profits. Don't kid yourself.
  • soulsaver
    soulsaver Posts: 6,803 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    eskbanker wrote: »
    No, it doesn't make me wonder if Lloyds will change their T&Cs (on Club Lloyds or any other accounts requiring DDs), why would they?
    stevec59 wrote: »
    In my mind they should change there T&C's because if they don't then I wont be able to get interest from them and therefore no point in having an account with them and I dare say that hundreds are in the same boat, so they loose loads of savers



    Most people will be resourceful enough to find alternatives to their Tesco DDs to satisfy the Lloyds Group conditions.
    Top Easy Access acs Ranked by rate: Top of The Pots - **No Chat** — MoneySavingExpert Forum
  • polymaff
    polymaff Posts: 3,958 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 14 April 2018 at 3:22PM
    soulsaver wrote: »
    Most people will be resourceful enough to find alternatives to their Tesco DDs to satisfy the Lloyds Group conditions.

    If they think that it is worth it ahead of Club Lloyds and Bos Classic Vantage dropping their rates to 1.5% on 01/07/18. :(
  • surreysaver
    surreysaver Posts: 5,041 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Deleted_User wrote: »
    I've been doing that since November 2017:cool::cool: If Post Office pull the facility, so be it. I will have enjoyed the Co-op £4 a month while it lasted.

    If that happens, use CHIP instead. Or Plum. They work for me!
    I consider myself to be a male feminist. Is that allowed?
  • vixen1500
    vixen1500 Posts: 655 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    polymaff wrote: »
    If they think that it is worth it ahead of Club Lloyds and Bos Classic Vantage dropping their rates to 1.5% on 01/07/18. :(

    Not heard anything about this - have you had a letter?
    Typically confused and asking for advice
  • Herbalus
    Herbalus Posts: 2,634 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    vixen1500 wrote: »
    Not heard anything about this - have you had a letter?

    On their website on the main current account page. No notification yet that I am aware of. Of course we could hope its for new customers only, but I doubt it.
  • polymaff
    polymaff Posts: 3,958 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    vixen1500 wrote: »
    Not heard anything about this - have you had a letter?

    No, but it on the relevant websites.

    https://www.bankofscotland.co.uk/bankaccounts/vantage/

    https://www.lloydsbank.com/current-accounts.asp?WT.ac=Products/Navigation/CurrentAccounts

    End of an era - just about.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.9K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.7K Spending & Discounts
  • 246K Work, Benefits & Business
  • 602.1K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 259.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture