best accessible joint bank account

Nik_79

Hi All....

Were in the middle of an extension, we have borrowed on our mortgage and have a large sum of money in my partners account. I want to switch it to a joint account. We'll be needing to have easy access to pay builder etc. Most savings accounts penalise for taking out money and standard accounts seem to want at leave 2 dd per month to qualify.

eskbanker

Nik_79 wrote: »

Most savings accounts penalise for taking out money and standard accounts seem to want at leave 2 dd per month to qualify.

Not true!

Most easy access savings accounts don't penalise for withdrawal, although some of the higher-paying ones do have some restrictions.

If by 'standard accounts' you mean current accounts then again, none actually require you to have multiple DDs, although a small number will only pay relatively high interest if you do so.

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/ is your friend and has many answers to your question....

xylophone

standard accounts seem to want at leave 2 dd per month to qualify.

Usually only if you wish to qualify for interest or a switching incentive.

Most savings accounts penalise for taking out money

Most? There is usually a penalty if the account is fixed term or has started off with an "access only permitted penalty free xxx times a year"clause.

Details of savings accounts here

https://www.thisismoney.co.uk/money/article-1583859/Best-savings-rates-General-savings-Internet-branch.html

A standard joint account not requiring DDs should be available through any bank.

A large sum of money

See https://www.fscs.org.uk/what-we-cover/banks-building-societies/

Or look at NS&I.

https://www.nsandi.com/our-products