A + L on-line Saver

simonleblank

Do you know if I need a current a/c with a+l to open a saver a/c? Also, my 18 year old works but does not earn enough to pay tax. Would it be possible for him to open an account, into which I want to place stooze funds of about £15,000?

Kazza242

simonleblank wrote:

Do you know if I need a current a/c with a+l to open a saver a/c? Also, my 18 year old works but does not earn enough to pay tax. Would it be possible for him to open an account, into which I want to place stooze funds of about £15,000?

You don't need an A&L current account to open their 5.35% online saver account. I have an online saver, but I don't have a current account with them.

muddyfox470

As Kazza said you dont need a current account with them, any Bank account with anyone would be fine, for instance i have a Natwest account.

As for holding £15000 that would just be perfect, but he would have to put the money into his bank account and then treanfer it over via the A+L website (very easy to use). Its a great account that is easy to use and i have yet to find a catch!

Also as he doesn't pay tax, he will have to fill in an R85(?) form, to say that he doesnt pay tax.

Hope that helps

Ian

PS. Very easy to open, open one online within a matter of minutes!

BenL

I heard that the online saver with A&L is having the interest rate cut to 5% on Monday.

You may need to re-think your account choice.

Ben

Post edited by Board Guide to remove references to individuals

Stonk

I heard that the online saver with A&L is having the interest rate cut to 5% on Monday.

I did too, but it may not have been true though - that thread, which existed at 6pm, has mysteriously vanished now!