best savings account that accepts direct debits

bristolleedsfan

adindas said:

granta said:

Apparently the Santander eSaver might also allow DDs but I can't see how to set it up online (I'm not ton the app) - can anyone help?
Similarly for the Ecology easy access and notice accounts - how do you set them up? The account information does not say DDs are allowed.

Santander did DD in the past, and if you are lucky to have it, it is still active to this date

Also for existing DD AFAIK for old DD you can not switch the account with this DD in it. Once you switch it, they will not switch your DD or remove your DD.

DD does switch and remains active with DD continuing

soulsaver

AFAIK Post Office savings don't do DDs anymore. 

Bridlington1

soulsaver said:

AFAIK Post Office savings don't do DDs anymore. 

The post office cash ISA still allows DD deposits.

adindas

Bridlington1 said:

Daliah said:

Bridlington1 said:

binao said:

Bridlington1 said:

Scottish widows, plum, moneybox, ecology regular saver, ecology easy access, ecology notice account and charity bank all take DD. Wealthify's a good one, though it's investing and not saving. Many credit unions allow DD deposits too.

Also credit cards are quite useful. You can just open a credit card and buy a 10p amazon voucher once a month for an easy direct debit.

Credit card, 10p Amazon voucher, easy direct debit. How does that all work?

Thanks 

Open a new credit card and set up a direct debit to pay the card in full each month. Then simply buy a 10p amazon gift card using your new credit card once a month. Voila, you now have a 10p direct debit each month.

How does this work with a credit card that has a minimum monthly payment of £5?

For one of my credit cards, the minimum payment is £25 or the whole balance, whichever is less. I'm pretty sure most, if not all cards have the same sort of condition. If I spent 10p on the card in one month, the minimum payment would be the whole balance (10p), so the direct debit amount would be 10p.

If I remember correctly Barclaycard allow minimum payment of £5 or whole balance whichever is less.