I'm not use to this, it makes me anxious. Anyway, here goes, I've been in an IVA since Jan 2010, can I open a straight forward savings account that I can put whatever money aside i have left from paying out into it each month??, I only have the one bank account and live on my own.
I use Nationwide, and with their online banking I could open new savings accounts easily (though I did loose the money I started them with for around a week....so I started them with £10...and then transferred in any more)
I found it useful to have accounts set up to handle my travel expenses (two accounts used, 1 for Fuel, 1 for maintenace), and others for my budgets (eg contingency, hobbies). Other than the expenses ones, the rest were usually reduced down to zero pretty quickly by unforseen events.
Now my IVA has finished, I still use the multiple savings accounts to help me budget.
I do recall that some banks seem to make it harder to have a savings account too, and want to run credit checks etc which usually fail. Personally neevr had this issue with Nationwide.
Hi, my head is spinning from this, but getting there, thankyou for your advice, are there any recomended savings accounts I should look out for?, I've been advised not to go to Barclays as they were one of the creditor and Nationwide was. Thankyou