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Group Savings Accounts
Chris_Read
Posts: 1 Newbie
Hi, I have a group of around 10 of us that are looking at putting approx £75each into a savings account each month for a period of around 18month to save cash to then pay for a trip away. Are there any accounts that people could recommend we use that would give us the best benefits if any?
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Comments
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Why on earth would you do this ? The complications and issues that could arise would make this a nightmare.
Save up separately and then the inevitable dropouts, disputes, late payments, requests for a payment delay don't affect everyone, just the one person whose account it is. And no one needs to be keeping an eye on everyone so payment and chasing late payees.0 -
https://uk.virginmoney.com/savings/products/double_take_e_saver_issue_10
Why don't you all open one of these? You all then set up a monthly standing order from your current accounts.
The penalty could put you off dipping into savings.0
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