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Post Office Savings - what the?!

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  • soulsaver
    soulsaver Posts: 6,629 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    schiff wrote: »
    I can't see any PO accounts that would interest me via their website.

    Why have people got accounts with them, taking into account the multitude of problems? Santander and Bank of Scotland do accounts paying 1.5% and they are sound with no problems.

    Oh, they're just the job for some of us..
    .. wouldn't rely on them for day-to-day :)
  • dcs34
    dcs34 Posts: 663 Forumite
    Eighth Anniversary 500 Posts Name Dropper
    schiff wrote: »
    I can't see any PO accounts that would interest me via their website.

    Why have people got accounts with them, taking into account the multitude of problems? Santander and Bank of Scotland do accounts paying 1.5% and they are sound with no problems.
    No iDDea at all?
  • schiff
    schiff Posts: 20,279 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    It's easy enough to create DDs by using credit cards you've had for years for one or two transactions a month. I've accumulated about ten over the years with only a few being stoozes and spend now pay later.
  • Zero_Sum
    Zero_Sum Posts: 1,567 Forumite
    schiff wrote: »
    I can't see any PO accounts that would interest me via their website.

    Why have people got accounts with them, taking into account the multitude of problems? Santander and Bank of Scotland do accounts paying 1.5% and they are sound with no problems.

    Santanders account doesnt give you anywhere near a 1.5% return mind once you factor in the fees
  • soulsaver
    soulsaver Posts: 6,629 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    schiff wrote: »
    It's easy enough to create DDs by using credit cards you've had for years for one or two transactions a month. I've accumulated about ten over the years with only a few being stoozes and spend now pay later.

    Yes, well, if any of us can get by on 10 DDs we probably wouldn't need not need the PO either...
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