Savings Account

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nomoredosh
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by nomoredosh » Fri Jan 15, 2010 8:21 am
I am thinking of opening a new savings account with Yorkshire Building Society. Can anybody tell me whether they will allow me to do so whilst in an IVA. Now is a good time for me to start putting a little away each month as I feel I am on the straight and narrow with my finances at the moment and seem to be coping ok with our IVA. Just thought it would be nice to have an account where I can build a little nest egg (very little!!) Will Yorkshire BS let me and is it ok to build up money if possible. Oh and Happy New Year everyone!!

 

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kallis3
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by kallis3 » Fri Jan 15, 2010 8:55 am
Hi and Happy New Year to you as well.

Not sure if they will or not, I know the Co-op are funny about it, although why you would be when you can't go overdrawn, I don't know.

You can have savings if you make them from your allowances and/or from your share of overtime and bonuses.

I suppose the only thing you can do is give them a try.

Glad your IVA is still going ok.

 

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MelanieGiles
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by MelanieGiles » Fri Jan 15, 2010 9:10 am
A savings account is a really good idea for anyone in an IVA, you can put your contingency money in there to ensure it is always there when that rainy day comes along.

 

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Darkdog
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by Darkdog » Fri Jan 15, 2010 9:20 am
This is one thing we are going to do, having read a lot of the posts on here about the unforeseen things that can catch you out, 5 years is a long time and who knows what can happen, when this months salary comes in we will stash some away somewhere based on our provisional contingency in our I&E along with water rates car insurance allowance etc, haven't thought where yet but I noticed when I log onto Natwest on line there is a saving plan option may look into that

 

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kallis3
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by kallis3 » Fri Jan 15, 2010 11:07 am
Every little helps![:D]

 

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thefsg
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by thefsg » Fri Jan 15, 2010 12:05 pm
I have a Co-op Savings account with a pathetic rate of interest, 0.5% I think but I can put any spare or contingency money in there to make sure I don't get the wrong impression about how well I'm doing!

 

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nomoredosh
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by nomoredosh » Fri Jan 15, 2010 3:34 pm
I'm going to give it a go and I will let you know if I am successful. Just wanted to try and save a little which is something I have never done in my life! [:D]

 

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briggadeen
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by briggadeen » Fri Jan 15, 2010 8:17 pm
I think this is a fantastic idea - I will of course be doing this also. I have also joined Parks christmas savings, I don't know if any of you use this but its to spread the cost all year round!!

Also we do not have a savings account but is it possible to keep the money in our main current account or when the IP checks this will it be taken as disposable income and would I be better to move it elsewhere?

 

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MelanieGiles
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by MelanieGiles » Fri Jan 15, 2010 9:31 pm
With January well underway, it is never too early for you to start putting a little aside for next Christmas. Even a tenner a month will add up by the time the festivities arrive with us again.

 

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kallis3
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by kallis3 » Fri Jan 15, 2010 11:31 pm
I do a lot of internet surveys and use the vouchers I get for doing those to help fund Christmas. I always wait until October before requesting them and it does mean that present wise, Christmas costs me very little.

 

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ashb
Posts: 248
by ashb » Sat Jan 16, 2010 7:03 am
hi

All my spare money goes in to a Cash plus card account, i send it via my on line banking direct to this account, no credit checks required and you can use all atms and in retaillers

 

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Shining
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by Shining » Sat Jan 16, 2010 9:00 am
I have a savings account, I do have a regular amount going in there for contingency but it never seems to mount up as there is always something but a savings account is an excellent idea whilst in an IVA in my opinion.

 

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struggling63
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by struggling63 » Sat Jan 16, 2010 5:29 pm
I opened a Sainsbury's savings account with no problems at all, and it comes with a Link cash machine card which is handy.

My only problem is there's a whole £4.03 in there, and has been for a while!

 

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Skippy
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by Skippy » Sat Jan 16, 2010 5:53 pm
I couldn't open a savings account with Sainsburys - they wanted proof that I was discharged from BR, and would only accept the official certificate from the court which I don't have.

It turns out they shred the certificate when the account is opened so as it costs £60 I'm glad I didn't have it!

 

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kallis3
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by kallis3 » Sat Jan 16, 2010 5:57 pm
I still have our Barclays account open (my creditor, not hubbys) and I put any spare money in that.
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