Savings under 1 roof? The Tesco change?

B0bbyEwing

Ok so looking for an 'under 1 roof' best option with a stipulation.

It has to be accessible via online, as in laptop/PC (and not app only). I appreciate this will rule out any Chase offerings.

Currently the accounts are held with Tesco Bank as a year ago they were paying fairly decent and it ticked the 'under 1 roof' criteria. Open multiple of the same account & you can access them all at once. Maybe an account for general savings, an account for car maintenance, so on & so forth where the individual may want to keep money separate.

I understand now though that Barclay's have taken them over? 

A number of accounts are having their bonus period come to an end throughout December.

Are Tesco still the best bet when it comes to this specific request (and I assume it's just a case of opening new internet savers and closing the old ones all via Tesco Bank & nothing via Barclays?).

Emmia

I don't quite understand what you're asking for. 

Are you seeking to have multiple savings account(s) with the same provider? In which case any of the usual high street banks will give you this, so Barclays, HSBC, Lloyds, NatWest... I have 3 savings accounts and two current accounts with Barclays, some opened in app for different purposes which can be accessed online too.

You don't want app based which rules out Chase, Monzo (which does pots) and Chip.

WillPS

Tesco Bank is now owned by Barclays, and your FSCS cover is now shared between both Barclays and Tesco Bank.

No other changes for now - expect in time for the Tesco Bank platform to be retired and migration to Barclays.

Their rates aren't fabulous but if you're happy with them, and you're saving less than £85k, there's no need to worry.

Rich1976

Ford Money allow you to open multiple Flexible saver accounts ( you can choose your own nickname for each account such as car, holiday, wedding etc ). Their rates, whilst not the very best tend to be up there though. 4.5% currently which is down from 4.75% previously .The account can be opened and operated online and they have telephone support for queries.

Section62

B0bbyEwing said:

I understand now though that Barclay's have taken them over? 

A number of accounts are having their bonus period come to an end throughout December.

Are Tesco still the best bet when it comes to this specific request (and I assume it's just a case of opening new internet savers and closing the old ones all via Tesco Bank & nothing via Barclays?).

There is/was (not sure of the current situation) a limit on the number of savings accounts you can hold with Tesco.  So if you are at the limit and want to open new accounts to access the bonus rate then some of the old ones have to be closed - otherwise their system would/will allow you to go through the application process, but the application would remain pending until the limit would no longer be exceeded.

Opening and closing accounts is still done via the Tesco Bank site.

kipsterno1

Would just having one account with multiple saving pots suit you needs?

LHW99

Shawbrook and Aldermore allow both fixed rate and easy access accounts, accessible by PC from one screen, when logged in