Saver accounts

[simmessi]

What are some good banks where you are able to open multiple saver accounts that are compatible with PP withdrawals?

Bank of Scotland, Halifax, Cooperative bank, santander.

[Play]

HSBC, Natwest and Barclays (savings and current accounts) work a treat too.

The only ones I would avoid are Lloyds, TSB (and possibly Halifax as it falls under the same branch) - they are more likely to cause a fuss with mismatched names.

[ironman]

Barclays is quite good.

I have Barclays current account and can open multiple savers instantly from the online banking.

Hsbc is the same.

[simmessi]

Hi, which is best for barclays? The everyday saver or Instant Cash ISA?

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Originally Posted by simmessi

Hi, which is best for barclays? The everyday saver or Instant Cash ISA?

Stick to everyday saver. You really don't want to be eating into your yearly ISA allowance for the sake of a bank account.

P.S. take advantage of your yearly ISA allowance

[simmessi]

Is it bad that I'm 20 and I have no idea what an ISA allowance is lol?

[amonasra]

HI. Do you know Is it okay to withdraw from paypal every month 4k-5k £ with barclays everyday saver account?

[colie72]

barclays lloyds halifax

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Originally Posted by simmessi

Is it bad that I'm 20 and I have no idea what an ISA allowance is lol?

Not bad. But if you are saving money, you want to be using an ISA account.

If you reinvest all your money back into your business, then dont worry about ISA.

Originally Posted by amonasra

HI. Do you know Is it okay to withdraw from paypal every month 4k-5k £ with barclays everyday saver account?

That question lacks context. So hard to answer.

[meloncoly]

I have about 4 Lloyds saver accounts that are good to verify and withdraw to. But cannot be used to send payments.

[ebayproblems2012]

Do saver accounts definitely not run credit checks?

[colie72]

Originally Posted by meloncoly

I have about 4 Lloyds saver accounts that are good to verify and withdraw to. But cannot be used to send payments.

just transfer the money to your main lloyds account, then send it.

[colie72]

Originally Posted by ebayproblems2012

Do saver accounts definitely not run credit checks?

you need a current account first. then you make the savings accounts off that main one. you will be credit checked for a current account with any new bank

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Originally Posted by meloncoly

I have about 4 Lloyds saver accounts that are good to verify and withdraw to. But cannot be used to send payments.

Send to another bank? You should be able to, unless its an internal savings account, usually common with nationwide, where you can only transfer between your own accounts, rather than pay a friend.

Originally Posted by ebayproblems2012

Do saver accounts definitely not run credit checks?

Correct. The only credit check carried out is when you first open a current account (as per usual). The impact it has on your score usually rectifies within a few months anyway.