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Joint Account (Savings) Recommendation
sparky0138
Posts: 595 Forumite
If anyone is looking to open a joint savings account with minimum effort, I'd like to recommend NS&I Direct Saver. I know interest rates are horrible right now but we needed a joint account to keep around £1500 separate for annual household bills.
Our current accounts are with Lloyds so initially I opened a savings account with them and tweeted them to ask how to make it joint. They said if I messaged them through the app, they would send a pack to sign. So I messaged the app and they said we would need to phone. So I phoned and they said we would need to go into a branch with ID. Given the current climate, we didn't want to do that so I looked around for an alternative and came across NS&I Direct Saver.
We already have premium bonds with them so already have accounts. Therefore, if you don't already have accounts with them, it may take a little more effort but obviously that won't include physically having to go somewhere with ID - but if you do already have accounts, everything was already filled out so a few clicks and you're done. 👍
Our current accounts are with Lloyds so initially I opened a savings account with them and tweeted them to ask how to make it joint. They said if I messaged them through the app, they would send a pack to sign. So I messaged the app and they said we would need to phone. So I phoned and they said we would need to go into a branch with ID. Given the current climate, we didn't want to do that so I looked around for an alternative and came across NS&I Direct Saver.
We already have premium bonds with them so already have accounts. Therefore, if you don't already have accounts with them, it may take a little more effort but obviously that won't include physically having to go somewhere with ID - but if you do already have accounts, everything was already filled out so a few clicks and you're done. 👍
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Comments
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That's a savings account, not a current account...0
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I never said it was a current account but I'll edit my original post to make the fact it's a savings account more obvious.D3xt3r5L4b said:That's a savings account, not a current account...0 -
Most savings accounts can be held in joint names, and applying for them doesn't involve credit checks, which current accounts do. Recommending an account which will pay 0.15% AER is not very MSE, not even when interest rates are generally in the doldrums. Anyway, savings accounts are a subject for the Savings & Investments board.
If you want a joint current account, you could try Starling or Monzo, who will definitely not ask you to appear in person as they don't have any Branches.0 -
Apart from also posting in the Bank Account forum rather than the Savings one...sparky0138 said:
I never said it was a current account but I'll edit my original post to make the fact it's a savings account more obvious.D3xt3r5L4b said:That's a savings account, not a current account...
And 0.15% isn't anything to write home about.0
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