Why are all Fixed Savings Accounts only available to single account holders and not Joint Accounts?

Leodogger

I have looked at several high interest accounts on Fixed Savings Accounts for one year and none of them are available to Joint Account holders, why ?   As I manage all our accounts online because hubby has never used a computer, we have always held a Joint Account as it was much more convenient for us but we can never get a high interest account for Joint Accounts !  Why is that?

friolento

There seem to be numerous ones for joint account holders: https://moneyfactscompare.co.uk/savings-accounts/fixed-rate-bonds/?id=null&business-type=16&activity-type=null&investment-amount=25000&investment-type=1&account-types=1&interest-paid-frequencies=null&terms=null&account-opening-methods=null&account-management-methods=null&notice-periods=null&include-notice-period=true&include-term=true&age=21&has-withdrawal-restrictions=2&existing-customers-only=2&is-shariaa=2&joint-account-only=1&quick-links-first=false

HolidayHelp

Are you looking at Isas or all types of joint accounts? 

BooJewels

I just had a quick squiz at the T&C for some of the fixed term accounts I have or have had recently (and they may not be on sale at the moment), but the ones I just looked at - Charter Savings Bank, Ford Money, First Save and Skipton - all say they can be operated as joint accounts.

jaypers

I’ve always had joint Fixed accounts with Charter and Barclays. No issues. A bit like Easy Access, some provide them and some do not. 

Leodogger

friolento said:

There seem to be numerous ones for joint account holders: https://moneyfactscompare.co.uk/savings-accounts/fixed-rate-bonds/?id=null&business-type=16&activity-type=null&investment-amount=25000&investment-type=1&account-types=1&interest-paid-frequencies=null&terms=null&account-opening-methods=null&account-management-methods=null&notice-periods=null&include-notice-period=true&include-term=true&age=21&has-withdrawal-restrictions=2&existing-customers-only=2&is-shariaa=2&joint-account-only=1&quick-links-first=false

I am surprised therefore why Martin doesn't mention them in his weekly Savings guides.   I have never heard of most of those in that article.

Leodogger

jaypers said:

I’ve always had joint Fixed accounts with Charter and Barclays. No issues. A bit like Easy Access, some provide them and some do not. 

Again never heard of Charter and Barclays.

Leodogger

BooJewels said:

I just had a quick squiz at the T&C for some of the fixed term accounts I have or have had recently (and they may not be on sale at the moment), but the ones I just looked at - Charter Savings Bank, Ford Money, First Save and Skipton - all say they can be operated as joint accounts.

Are they high rate fixed accounts though?   I am currently getting just 3.7% with Santander but they do allow withdrawals and this can be operated on a joint account.

Leodogger

HolidayHelp said:

Are you looking at Isas or all types of joint accounts? 

No at the moment I was just looking at Fixed one year accounts as neither of us  earn £1000 pa in interest and are paying very little tax on our private pensions (although Hunt's budget yesterday may change that with the still frozen Personal Allowance Threshold).

Stargunner

Leodogger said:

jaypers said:

I’ve always had joint Fixed accounts with Charter and Barclays. No issues. A bit like Easy Access, some provide them and some do not. 

Again never heard of Charter and Barclays.

I can’t believe thst you have not heard of Barclays.

if you can get better rates on fixed solo accounts, why dont you just open a couple of those?

friolento

Leodogger said:

friolento said:

There seem to be numerous ones for joint account holders: https://moneyfactscompare.co.uk/savings-accounts/fixed-rate-bonds/?id=null&business-type=16&activity-type=null&investment-amount=25000&investment-type=1&account-types=1&interest-paid-frequencies=null&terms=null&account-opening-methods=null&account-management-methods=null&notice-periods=null&include-notice-period=true&include-term=true&age=21&has-withdrawal-restrictions=2&existing-customers-only=2&is-shariaa=2&joint-account-only=1&quick-links-first=false

I am surprised therefore why Martin doesn't mention them in his weekly Savings guides.   I have never heard of most of those in that article.

MSE does not have a complete list of savings accounts. They usually just list a few of the top rate payers, who may or may not support joint accounts. The Moneyfacts list is much more complete and the accounts they list are kosher. You can check the FSCS cover for each provider on the FSCS site, or on MSE.