I don't trust online savings accounts,what are the highest paying non internet savings accounts?

macman

So simply choose an online account with a fixed term: 1 year, 2 year, 5 year, or for as long as you feel you can't trust yourself for.

clive0510

I dont know why you dont trust on line banking. I do all my stuff on line and I'm no it wizz kid, but I dont have any problems with it. I've not used a passbook for about 20 years. all that stuff is a thing of the past now.

tommyedinburgh

colsten said:

tommyedinburgh said:

I really like the retro feel of the book accounts. The biggest benefit for me is that we can't access the money as the are completely offline. We'd have spent money on non-essential items online during the lockdown, that I can guarantee. 

So it isn't actually online savings accounts that you don't trust (according to the thread title), but you don't trust yourself. That's perfectly alright, and you seem to have a way to manage your weakness. It's not the fault of the online savings accounts though.

When I save using an offline account, I trust myself 100% that I won’t spend it before maturity/end of term. 

Hasbeen

tommyedinburgh said:

colsten said:

tommyedinburgh said:

I really like the retro feel of the book accounts. The biggest benefit for me is that we can't access the money as the are completely offline. We'd have spent money on non-essential items online during the lockdown, that I can guarantee. 

So it isn't actually online savings accounts that you don't trust (according to the thread title), but you don't trust yourself. That's perfectly alright, and you seem to have a way to manage your weakness. It's not the fault of the online savings accounts though.

When I save using an offline account, I trust myself 100% that I won’t spend it before maturity/end of term. 

tommyedinburgh said:

colsten said:

tommyedinburgh said:

I really like the retro feel of the book accounts. The biggest benefit for me is that we can't access the money as the are completely offline. We'd have spent money on non-essential items online during the lockdown, that I can guarantee. 

So it isn't actually online savings accounts that you don't trust (according to the thread title), but you don't trust yourself. That's perfectly alright, and you seem to have a way to manage your weakness. It's not the fault of the online savings accounts though.

When I save using an offline account, I trust myself 100% that I won’t spend it before maturity/end of term. 

I think, I can now see where Colsten was coming from. LOL. But whatever? Each to their own.

It now appears some people still use High Street accounts. Remember them well old hand written payments books in/out in ink!

Did not even know you could still get them. But fixed term online savings accounts are in my opinion similar? And not usually used for spur of the moment spending buys online?

Anyway I have VOTED! for question 2 just to even things up. So that's 50/50 now. Interesting when OP comes back and tells all what we have voted for?

colsten

tommyedinburgh said:

When I save using an offline account, I trust myself 100% that I won’t spend it before maturity/end of term. 

It’s got nothing to do with online or Branch only accounts. You can open plenty of accounts online which have fixed terms and don’t allow withdrawals before maturity.

I want to be clear though: nothing stops you from having a Branch - only account. So if that’s what you want to do, you go right ahead and do just that.

msallen

I see question has now come from behind to overtake question. Its a nail-biter this one....

ColdIron

I'm waiting so that I can be king maker

kinger101

50/50 now.
I just hope both camps can get along amicably after what is obviously going to be a close result.

enthusiasticsaver

I don't understand the point of the poll as question 1 does not have a yes or no answer. 
Many savings accounts have internet access but you can also operate them in branch but in most cases accounts which only operate online have better rates as the cost of servicing them is lower. I find them much better as there are few local banks or building societies near where we live and it is easy to just transfer money from and to our savings accounts from our current accounts. I have not used passbooks in more  than 20 years.  Never had a problem. We can check the balance easily and move money in and out within a few minutes. So much more convenient. 

eskbanker

kinger101 said:

50/50 now.
I just hope both camps can get along amicably after what is obviously going to be a close result.

It's just what we didn't need - another binary vote that'll cause nothing but division, confusion and polarisation!  Expect it to be followed by a few years of 'voters didn't know what they were voting for', not without some justification on this occasion....