Schedule regular withdrawals

Horracce

Hi all, does anyone know of an EA savings account that has the feature whereby you can schedule regular withdrawals to a nominated current account .. (ie. weekly, monthly, quarterly) .. on a “until further notice” type of arrangement ?

FWIW, I can schedule a one off future payment in Barclays and NatWest on this basis but only for one payment .. I have heard that Skipton may offer the desired feature but can anyone confirm?

km1500

I believe (but check) that you can set up a standing order from Chase UK savings account to the Chase UK current account.

eskbanker

Horracce said:

Hi all, does anyone know of a regular savings account that has the feature whereby you can schedule regular withdrawals to a nominated current account

Are you literally meaning 'regular' in the same sense both times, or are you actually looking for an easy access savings account rather than a regular saver as such (where limited monthly contributions are rewarded with higher interest rates) which will typically be less suitable for withdrawals?

Horracce

Yes sorry my error .. I did mean from a easy access and used the R word lazily.. I will edit the OP .. thx

ircE

Horracce said:

I have heard that Skipton may offer the desired feature but can anyone confirm?

I can confirm Skipton does allow this feature. You can specify a scheduled withdrawal to be made monthly, quarterly, or annually with or without an end date.

ETA: whilst not strictly a savings account, you may also like to check out Kroo Bank's current account which pays interest tracking the BoE Base Rate. As a current account you can set up SOs, DDs, etc.

Horracce

ircE said:

Horracce said:

I have heard that Skipton may offer the desired feature but can anyone confirm?

I can confirm Skipton does allow this feature. You can specify a scheduled withdrawal to be made monthly, quarterly, or annually with or without an end date.

Ideal, great stuff … thanks ircE

35har1old

ircE said:

Horracce said:

I have heard that Skipton may offer the desired feature but can anyone confirm?

I can confirm Skipton does allow this feature. You can specify a scheduled withdrawal to be made monthly, quarterly, or annually with or without an end date.

ETA: whilst not strictly a savings account, you may also like to check out Kroo Bank's current account which pays interest tracking the BoE Base Rate. As a current account you can set up SOs, DDs, etc.

Skipton currently 3.8%