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'Secondary' current account
WTF?_2
Posts: 4,592 Forumite
I'm looking at having a 'backup' current account for emergencies - for example, if my main bank got into problems (or looked like it) and I wanted to move the money somewhere else and still have quick access to it.
What sort of products would suit - would need online access for money transfer, a debit card and something that would work fee-free in an ATM. Also, fee free as long as account in credit.
Bonus features: Some sort of decent interest rate on any cash in credit and a credit card. Interest fees on debt/overdraft not relevant.
thanks in advance.
What sort of products would suit - would need online access for money transfer, a debit card and something that would work fee-free in an ATM. Also, fee free as long as account in credit.
Bonus features: Some sort of decent interest rate on any cash in credit and a credit card. Interest fees on debt/overdraft not relevant.
thanks in advance.
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Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
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Comments
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I set up a second bank account to my LloydsTSB Current a few years ago and it works great.
It's a Nationwide Flex Account and it's great. Visa Debit card, and fee free transactions abroad. Suits me to a tee.0 -
bankersmug wrote: »I set up a second bank account to my LloydsTSB Current a few years ago and it works great.
It's a Nationwide Flex Account and it's great. Visa Debit card, and fee free transactions abroad. Suits me to a tee.
Thanks, will check that out too. Was thinking of Egg money as it seems to offer what I want. It's pretty much a current account without being a full current account (no DDs) and totally free so long as I am in credit.
If I did want to quickly liquidate my main current account it would be only a balance transfer away.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Halifax / Bank of Scotland high interest current account? Have to put in £1000 a month but nothing to stop you moving the same £1000 backwards and forwards between the two accounts.0
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virtually all banks do free banking etc that meet your criteria although if you use your debit card abroad then nationwide is to be recommended as bankersmug has already said.0
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Thanks, will check that out too. Was thinking of Egg money as it seems to offer what I want. It's pretty much a current account without being a full current account (no DDs) and totally free so long as I am in credit.
If I did want to quickly liquidate my main current account it would be only a balance transfer away.
I find the egg on line web site is not the easiest to use. Their security password system seems a little weak and IMHO Nationwide site is better."A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0
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