Group Savings?

robmccombe

I am starting a small golf society and we are looking to have the 8 of us pay a monthly amount into a savings acct in order to have a lump sum saved next year for a golf tour - we are looking to save 25/30 per month - How do I go about setting up a savings acct for us all to pay in with ease? any suggestions where to look?????
rob

grumbler

robmccombe wrote:

...a savings acct for us all to pay in with ease?

There is no problem with paying in - just open account on one somebody's name. The problem is if you want everybody to have access to the account. For best interest rate open regular saving account. For example, Halifax one with 7% - up to £250 p.m. However, you can make only one payment p.m., hence you need to 'assemble' monthly payment on some other account.