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Looking for a joint account

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I have just bought a house together with my partner and we want to open a joint account to both put a percentage of our wages into and pay all the household bills from.
We don't want to switch our existing accounts into the joint account, we just want a pot to put into and pay out from.
What accounts do you recommend? Everything seems to be about switching when I try to search online.
My main account is with Santander 123, hers is with Barclays.

Comments

  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Santander Lite or Natwest Reward.

    You probably already know all about the former but run your likely spend on bills by direct debit through both calculators to see which is best.

    Alternatively, don't bother with cashback and use a 5% interest paying current account instead.
  • brassmonkey001
    brassmonkey001 Posts: 131 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    edited 3 January 2019 at 12:37AM
    Thanks YorkshireBoy.
    Running my guesstimate of around £310 per month in eligible bills, Santander Lite gives cashback of £3.50 per month; I can't see a calculator for Natwest but they suggest £6.92 per month on an average household bill of £345; and TSB's account (which is the only one I know of paying 5% interest) pays around £6.20 per month on a balance of £1500.
    Based on that quick bit of research, I think the TSB would best suit at this time, and maybe a switch to Natwest if we find bills are higher than I've worked out.
    Edit: Nationwide's FlexDirect pays 5% as well, but only for the first 12 months, then it drops to 1%, but with a minimum balance of £2500 that nets you best part of a tenner in interest every month for the first year, so that might be the best one to go for. I had initially dismissed it as it was only a good rate for 12 months, while TSB's rate is ongoing. That might be the better one to go for, for the first 12 months anyway, we can always switch later if need be.
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