in Budgeting & bank accounts
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I have a few Birmingham Midshires accounts which I use to pull in direct debits from other accounts that need them for rewards or interest. I notice today that BM is not opening any new savings accounts. RIP.
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I've since found apps like moneybox or cleo are very simple for DD's. and even the post office was better than BM for me, yeah the website has it's glitches but once you know what not to to, it works fine!
BM are just another Bank of Scotland brand like Halifax. They essentially exist for Lloyds to compete with new savings entrants without cannibalising their core brands.
they will pay money back to the linked account
This is not investment advice.
Your money may go "down and up and down and up and down and up and down ... down and up and down and up and down and up and down ... I got all tricked up and came up to this thing, lookin' so fire hot, a twenty out of ten..."