Simple Life

FunLovinCriminal

Morning all.
Been going to do this for a while and not sure how to do it.
My finances are in a bit of a mess, and decided to simplify them.
So. Main bank is Bank of Scotland. Got a TSB Classic Plus account, thats got no money in it, earns very little interest, and is linked to my paypal account. I do surveys etc, and get paid in paypal, goes in to here.
Also got a Barclays account. This used to be ING Direct and earned a decent interest rate. But they merged with Barclays and its pitiful. My parents have a standing order to this account for our kids. And they are very old  so getting them to change the account would be hard. They dont do internet banking, and would be two buses to go to a "local" branch. This means every month I move the money out to the BOS account. Barclays again dont pay much interest.
In a nutshell I want a high street bank, that I can pay money into, and withdraw when I want, thats not linked to BoS. Too often I have tried to buy a surprise for my wife and it has to come out of put main account, surprise gone.
High street bank, so I can pay money in when I have it, as at the moment it again has to go in to the BoS account and transfer it out - too often its paid in, then is spent before I can transfer it.
Ideally a better rate for TSB, as there is one locally, and no Barclays anywhere. But open to suggestions.

grumpy_codger

You can use PO to make cash deposits to TSB.

https://www.tsb.co.uk/help-and-support/post-office.html

friolento

None of the High Street current accounts pays interest, and the trend is that they close Branches. If you must have a Branch, Nationwide might be your best option

eskbanker

friolento said:

None of the High Street current accounts pays interest...

Except all the ones listed here (Santander, Lloyds, BoS, etc):

https://moneyfactscompare.co.uk/current-accounts/high-interest-current-accounts/

sheramber

If you want a bank you can walk into and pay in/ withdraw money , only you know what banks are local enough for you to do that. 

FunLovinCriminal

Thanks for all the advice. I am thinking First Direct. They offer a regular savings account at 7%, and I can pay in at the Post Office

lr1277

If you switch the Barclays account to say your new account, any money sent to Barclays would be forwarded to your new account. Your parents wouldn’t have to change their SO, but it would be nice if they did.
FD are currently offering a switch bonus though I don’t know if your circumstances are such that you would be awarded the bonus.
In terms of changing their SO your parents could always write to their bank and list the change they wanted. My dad had success writing to banks to get them to do stuff when he couldn’t leave the house.

friolento

FunLovinCriminal said:

Thanks for all the advice. I am thinking First Direct. They offer a regular savings account at 7%, and I can pay in at the Post Office

You cannot withdraw from the FD RS until it has matured (12 months). You can close it at any time, at the cost of a dramatically lower interest rate.You'd get a much more flexible deal with a Club Lloyds account, at only a slightly lower interest rate.