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Savings accounts allowing debit card deposit
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anewman
Posts: 9,200 Forumite


Wondering what savings accounts allow deposits by debit card?
I currently save £500+ a month in an NS&I income bond account, which done by debit card counts as the £500+ debit card spending for the monthly current account reward. I'd struggle to spend £500 a month, but saving isn't an issue. Prompted to ask by announcement of NS&I interest rate cuts to 0.1%.
I currently save £500+ a month in an NS&I income bond account, which done by debit card counts as the £500+ debit card spending for the monthly current account reward. I'd struggle to spend £500 a month, but saving isn't an issue. Prompted to ask by announcement of NS&I interest rate cuts to 0.1%.
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Comments
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https://forums.moneysavingexpert.com/discussion/5734632/savings-accounts-accepting-dds/p1 was a thread set up to list such accounts, but the first post hasn't been updated for a while.... Oops, must read question more carefully in future!0
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eskbanker said:https://forums.moneysavingexpert.com/discussion/5734632/savings-accounts-accepting-dds/p1 was a thread set up to list such accounts, but the first post hasn't been updated for a while....1
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Generally, I believe, the Yorkshire BS and Skipton BS. Also the Cambridge BS, e.g. for online instant access account up to £1,000 daily. Then of course, there's always still NS&I Premium Bonds. Otherwise, not that common and, IMHO, becoming less so.1
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The NS&I income bond account will still be available, just not worth keeping the £500 in there very long.
Eco Miser
Saving money for well over half a century2 -
Add Post Office to the list
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Family Building Society as well1
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Why not use NS&I if all you need is the ability to manufacture spending?
If you need a genuine savings account then debit card funding should be low on the list of requirements.0 -
Will be using Skipton for my £500 monthly "spend".
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The last time(s) thread(s) were created similar to this it ended up with people weaponising the Spam button once their way of utilising these accounts were publicised.
To the point where MSE bans were served out.
Just a heads up.
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Alternative is to buy supermarket gift cards instore.
We spend about £500 on food per month anyway.1
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