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  • FIRST POST
    • Pricy147
    • By Pricy147 9th Jan 18, 8:00 PM
    • 1,295Posts
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    Pricy147
    Provider with multiple 'named' savings accounts + good interest
    • #1
    • 9th Jan 18, 8:00 PM
    Provider with multiple 'named' savings accounts + good interest 9th Jan 18 at 8:00 PM
    Hi

    I have to date used Inteligent Finance a my main savings account provider. They are not market leading for interest (around 0.5%) but have the valuable option of multiple 'savings jar's' which you can name. For example; 'Rainy Day', 'Car fund', 'TV License', 'Solar Panels FIT', etc.

    This is really important for me as I have a standing order monthly that then divides up into the 10 or so savings jars i have.

    I need to add more - but as IF are winding down - they will not accept new applications for additional jars.

    Are there any other providers I can move to paying decent if not market leading interest? Renaming savings accounts is important so I know what each account related to. I know First Direct offer you more than one - but they cannot be named and interest is almost zero.
    To Stooze or Not To Stooze - Theres only one option
Page 1
    • ColdIron
    • By ColdIron 9th Jan 18, 8:09 PM
    • 4,273 Posts
    • 5,409 Thanks
    ColdIron
    • #2
    • 9th Jan 18, 8:09 PM
    • #2
    • 9th Jan 18, 8:09 PM
    Tesco's Internet Saver pays 1.20% and lets you rename the accounts, you can have up to six of them I believe
    • Pricy147
    • By Pricy147 9th Jan 18, 8:22 PM
    • 1,295 Posts
    • 283 Thanks
    Pricy147
    • #3
    • 9th Jan 18, 8:22 PM
    • #3
    • 9th Jan 18, 8:22 PM
    Tesco's Internet Saver pays 1.20% and lets you rename the accounts, you can have up to six of them I believe
    Originally posted by ColdIron
    thanks - good rate that!

    Shame its limited to six - but could use it for my highest funded savings account
    To Stooze or Not To Stooze - Theres only one option
    • Pricy147
    • By Pricy147 9th Jan 18, 8:37 PM
    • 1,295 Posts
    • 283 Thanks
    Pricy147
    • #4
    • 9th Jan 18, 8:37 PM
    • #4
    • 9th Jan 18, 8:37 PM
    are you sure you can label the accounts? just phoned them up and they suggested you cannot do this?
    To Stooze or Not To Stooze - Theres only one option
    • AirlieBird
    • By AirlieBird 9th Jan 18, 8:41 PM
    • 1,038 Posts
    • 847 Thanks
    AirlieBird
    • #5
    • 9th Jan 18, 8:41 PM
    • #5
    • 9th Jan 18, 8:41 PM
    I think Ford Money allows unlimited accounts that can be named. Each account can also have a savings goal set up for it. They also offer a best rate guarantee meaning that you'll get the highest rate on offer unlike many other providers that will offer new issues if they want to increase the rate. Deposits and withdrawals have to be through a single nominated account and withdrawals will not reach your nominated account until the next working day
    Last edited by AirlieBird; 09-01-2018 at 8:43 PM.
    • AirlieBird
    • By AirlieBird 9th Jan 18, 8:48 PM
    • 1,038 Posts
    • 847 Thanks
    AirlieBird
    • #6
    • 9th Jan 18, 8:48 PM
    • #6
    • 9th Jan 18, 8:48 PM
    are you sure you can label the accounts? just phoned them up and they suggested you cannot do this?
    Originally posted by Pricy147
    https://yourcommunity.tescobank.com/t5/Online-Banking/How-do-I-set-up-a-nickname-for-my-account/ta-p/76
    • Pricy147
    • By Pricy147 9th Jan 18, 8:50 PM
    • 1,295 Posts
    • 283 Thanks
    Pricy147
    • #7
    • 9th Jan 18, 8:50 PM
    • #7
    • 9th Jan 18, 8:50 PM
    I think Ford Money allows unlimited accounts that can be named. Each account can also have a savings goal set up for it. They also offer a best rate guarantee meaning that you'll get the highest rate on offer unlike many other providers that will offer new issues if they want to increase the rate. Deposits and withdrawals have to be through a single nominated account and withdrawals will not reach your nominated account until the next working day
    Originally posted by AirlieBird
    looks perfect and also a good rate! Never even new Ford did financial products before!!!
    To Stooze or Not To Stooze - Theres only one option
    • Pricy147
    • By Pricy147 9th Jan 18, 8:53 PM
    • 1,295 Posts
    • 283 Thanks
    Pricy147
    • #8
    • 9th Jan 18, 8:53 PM
    • #8
    • 9th Jan 18, 8:53 PM
    amazing! always a worry when the staff dont know their own products
    To Stooze or Not To Stooze - Theres only one option
    • ColdIron
    • By ColdIron 9th Jan 18, 8:56 PM
    • 4,273 Posts
    • 5,409 Thanks
    ColdIron
    • #9
    • 9th Jan 18, 8:56 PM
    • #9
    • 9th Jan 18, 8:56 PM
    are you sure you can label the accounts? just phoned them up and they suggested you cannot do this?
    Originally posted by Pricy147
    Yup, I've had so many of them I've changed the name of them all to add a sequential number using the 'Rename Account' option
    • Pricy147
    • By Pricy147 9th Jan 18, 9:07 PM
    • 1,295 Posts
    • 283 Thanks
    Pricy147
    Like the look of the Ford one - especially as unlimited accounts - going to apply now. Thanks for all the info and suggestions.....
    To Stooze or Not To Stooze - Theres only one option
    • Kim_13
    • By Kim_13 9th Jan 18, 9:25 PM
    • 1,901 Posts
    • 2,035 Thanks
    Kim_13
    I have labelled Tesco savers in the past, though the names only seem to appear in a certain view in Internet Banking. I don't recall the names ever showing in the app.

    The Tesco Internet Saver has a 0.65% bonus for 12 months, so there would be some admin to change to fresh accounts for a higher rate each year. If the accounts were left, they'd only be earning 0.55% (current rate) after a year.

    Ford are only paying 0.03% less with no changing after a year, so they may well be the best bet.
    Last edited by Kim_13; 09-01-2018 at 9:29 PM.
    Sealed Pot 11 #520 ~ /100
    VSP 2018 #9 ~ 19.55/180.00
    CCCC 2018 #1 ~ 20.75/180.00
    • Pricy147
    • By Pricy147 9th Jan 18, 9:26 PM
    • 1,295 Posts
    • 283 Thanks
    Pricy147
    good point - the ford one is almost same rate without a bonus - all be it variable. Only down side I see is that you can only deposit and withdraw to and from one nominated current account. Can't have it all
    To Stooze or Not To Stooze - Theres only one option
    • Kim_13
    • By Kim_13 9th Jan 18, 9:49 PM
    • 1,901 Posts
    • 2,035 Thanks
    Kim_13
    good point - the ford one is almost same rate without a bonus - all be it variable. Only down side I see is that you can only deposit and withdraw to and from one nominated current account. Can't have it all
    Originally posted by Pricy147
    Tesco are restricting theirs from 22nd April also, requiring linked accounts (though I've just read in the terms booklet that more than one account can be linked.)
    Sealed Pot 11 #520 ~ /100
    VSP 2018 #9 ~ 19.55/180.00
    CCCC 2018 #1 ~ 20.75/180.00
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