Best joint account for bills

j_netprofit

Hope I've got this in the right place, appreciate it's a very general question and no doubt asked dozens of times but searching the forum I could only find really old threads.

Just looking for a new joint account for my wife and I to use for all of our monthly bills. We currently use the Santander 123 account which we set up.....must have been at least 8 years ago and back then we were getting some great benefits now I suspect it's fallen by the wayside.

We both pay in approx £1.5k each a month, I believe total outgoings equate to approx £2.5k (my wife knows exactly so I can get more details if required) so maybe we look to only send the bills amount to one account and the rest to another type of saver?

Any advice would be welcomed!

overspender22

Starling worked well for us purely for the ease of the app and being able to transfer money into spaces for things. Earns a little interest too (though appreciate not the highest rate). You can have all the bills come from a bills space so then the money remaining is spendable without impacting money reserved for bills. For actual rewards, probably Santander or NatWest or Lloyds. 

j_netprofit

Account wont be required for any spending, purely DD.

So really I suppose we're looking for the best cashback/interest options? 

overspender22

I think Santander edge up then. 

Rob5342

Starling is great for budgeting as you can have spaces that the bills come out of, so it doesn't even have to be a seperate account. Santander is probably best for rewards on direct debits, but like all the old fashioned banks they don't put a lot of effort into their apps.

GrubbyGirl_2

I've got a Lloyds club current account.  Costs £3 a month but that is refunded if you pay in £1500 each month.  It pays 1.5% interest on balances between £1 and £4000 and 3% on balances between £4000 and £5000.  They also give a lifestyle benefit which I take as a Disney Plus subscription.  Plus you get access to better savings rates but to be honest rates are much better elsewhere.  I'm very happy with it.

WillPS

GrubbyGirl_2 said:

I've got a Lloyds club current account.  Costs £3 a month but that is refunded if you pay in £1500 each month.  It pays 1.5% interest on balances between £1 and £4000 and 3% on balances between £4000 and £5000.  They also give a lifestyle benefit which I take as a Disney Plus subscription.  Plus you get access to better savings rates but to be honest rates are much better elsewhere.  I'm very happy with it.

£2000 per month since this time last year (ish). Also only Disney+ Standard (with Ads) with no ability to upgrade since November.

Still a great deal tho.

WillPS

jay_ftw said:

Hope I've got this in the right place, appreciate it's a very general question and no doubt asked dozens of times but searching the forum I could only find really old threads.

Just looking for a new joint account for my wife and I to use for all of our monthly bills. We currently use the Santander 123 account which we set up.....must have been at least 8 years ago and back then we were getting some great benefits now I suspect it's fallen by the wayside.

We both pay in approx £1.5k each a month, I believe total outgoings equate to approx £2.5k (my wife knows exactly so I can get more details if required) so maybe we look to only send the bills amount to one account and the rest to another type of saver?

Any advice would be welcomed!

What cashback are you getting currently from Santander 123? Would Edge or Edge Up be a better deal? 

They have a calculator here: https://www.santander.co.uk/personal/current-accounts/santander-edge-up-current-account#heading-sp-a-22005-3

Only Santander offers cashback on bill direct debits nowadays, so I'd always advocate using them for that purpose (but don't count out the other offers elsewhere *in addition*).

Croesus_IfOnly

Looked into this recently. Best we found for cash back on DD were Santander and NatWest/RBS. Former has spend categories that generate ££s, latter Rewards account pays out for 2 active DD and an app login per month (unless T&Cs have changed). If you wanted to max out cash back you could setup both with majority of DD going out of Santander and enough to fulfil criteria of NW/RBS. 

GrubbyGirl_2

WillPS said:

GrubbyGirl_2 said:

I've got a Lloyds club current account.  Costs £3 a month but that is refunded if you pay in £1500 each month.  It pays 1.5% interest on balances between £1 and £4000 and 3% on balances between £4000 and £5000.  They also give a lifestyle benefit which I take as a Disney Plus subscription.  Plus you get access to better savings rates but to be honest rates are much better elsewhere.  I'm very happy with it.

£2000 per month since this time last year (ish). Also only Disney+ Standard (with Ads) with no ability to upgrade since November.

Still a great deal tho.

Aaah I didn't know it had gone up to £2k but not an issue as I have more paid in anyway.  I did get lucky with the Disney+ as I took it just before they downgraded it to standard so I get ad free, I am hoping when it comes up for renewal it will carry on the same but I'm probably just living in hope!

jadex

GrubbyGirl_2 said:

WillPS said:

GrubbyGirl_2 said:

I've got a Lloyds club current account.  Costs £3 a month but that is refunded if you pay in £1500 each month.  It pays 1.5% interest on balances between £1 and £4000 and 3% on balances between £4000 and £5000.  They also give a lifestyle benefit which I take as a Disney Plus subscription.  Plus you get access to better savings rates but to be honest rates are much better elsewhere.  I'm very happy with it.

£2000 per month since this time last year (ish). Also only Disney+ Standard (with Ads) with no ability to upgrade since November.

Still a great deal tho.

Aaah I didn't know it had gone up to £2k but not an issue as I have more paid in anyway.  I did get lucky with the Disney+ as I took it just before they downgraded it to standard so I get ad free, I am hoping when it comes up for renewal it will carry on the same but I'm probably just living in hope!

well, unfortunately it will not carry on;
you will have to chose the new benefit and if at the time of renewal they offer Disney+ Standard with ads then you will get that