Postal and/or phone saving accounts

diystarter7

Hello

I've been looking at postal and phone savings accounts. Can't really find any

I noted that NS&I have upped their rates to about 1% - I tried to ring them and on the phone for almost 30 mins they are busy. Do they do postal updates/accounts etc?

Thanks

Albermarle

This comparison site makes it clear how each account can be accessed.

Compare The Best UK Savings Accounts | moneyfacts.co.uk

As a default it lists providers it gets a kickback from at the top of the list.
If you untick the box stating 'show quick links first' you get a more accurate league table.

Expotter

Skipton Building Society have a Double Access Saver Issue 1 at 1.56%. You can open on the phone and manage by phone or post. It is min £10K though.
For up to £10k, Yorkshire Building Society have a Family Savings account at 1.5% that can be opened on the phone and managed by post.

janusd

there's a 1-yr fix with Union Bank of India (UK) Ltd @ 3.20% (shown on Moneyfacts) that is opened/managed via branch/post (£1k to open), but I don't know if you're only interested in easy access accounts.

refluxer

diystarter7 said:

I noted that NS&I have upped their rates to about 1% - I tried to ring them and on the phone for almost 30 mins they are busy. Do they do postal updates/accounts etc?

NS&I's Direct Saver account pays 1.2% and can be managed online and by phone (but not post). They've pretty-much abandoned their old-school postal-only 'Investment Account' and left it with a 0.01% interest rate. The NS&I are notoriously difficult to deal with though, so I wouldn't be wanting to wait 30 mins+ on the phone on a regular basis. Even their online banking access leaves a lot to be desired.

If online banking really isn't an option then, depending on how frequently the account in question needs managing, I think I would probably prefer my 10 minute walk to town to visit a local branch than a 30 minute wait on the phone or relying on our deteriorating postal system every time I wanted to make a deposit or withdrawal.

diystarter7

Many thanks to all. I will look into the Skipton, sounds about right

Re the "30 mins wait" at NS&I - very true I waited close to that but they were helpful.

The suggestions, open by post and deal via phone sound very good. Skipton does post as well

The NS&I will be used as a last resort.

Again, many thanks to every post here all very helpful.

I have all the info I need to decide over the next couple of weeks.