setting up joint savings account

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curious20

Registered User
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Hi would be grateful for some guidance on this one. Myself and my partner are looking to set up a joint savings account in order to save for a mortgage and are finding it difficult deciding what financial instrituition to go with. We were thinking of going with Rabo Direct but I've heard from a few sources that that may not be the best option. We are looking to save approx €800 a month between us. Any advice would be greatly appreviated. Thank you.
 
A regular saver account with Anglo Irish paying 5% is one option (max lodgement of EUR 1000 per month). There are other similar Reg saver offers see the best buys.
If you want less restriction Irish Nationwide offer 3.75% on an instant access basis with no minimum bal and an upper limit of EUR 20,000.
Otherwise Halifax offer 3.75% on up to EUR10k and 2% on amounts from 10,001.
Nationwide UK pay 3.55% with a min opening bal of EUR2000 and upper limit of EUR 2mm.
 
Hi,

Welcome to AAM.

If you have a look at this section of the Best Buys section of AAM you may find some guidance.

Thinking of long term should you be building up a reputaton by opening your account with the most advantageous mortgage provider.

Again thinking long term and too sensibly :) best to make it 'both signatures for withdrawals'.
 
Sue Ellen said:
Thinking of long term should you be building up a reputaton by opening your account with the most advantageous mortgage provider.
Click to expand...

Does that actually matter these days (having a history with a particular bank) or is it similar to insurance whereby people now just move based on the best price? I assume it would in a CU but are banks these days not just interested in current & future ability to repay?
 
FLANDERS` said:
I assume it would in a CU but are banks these days not just interested in current & future ability to repay?
Click to expand...

May well be but something worth checking all the same. In the current economic climate one just never knows these days.
 
Thanks for all the guidance on this one. I was looking into credit union also which I think may be good option. However, i'm not sure if it looks more favourable to save directly with a bank rather then cu.
 
Set up a regular savings account with BOI recently joint account with OH no problem.

I just pay my half into her current account from which the monthly debit comes out of.
 
Yeah see the credit union woudl be an easy option but I hear that its hard to get a mortgage from savings within a credit union. Does anyone know if there is any truth in this? I know in years past it looked good to save in a bank taht you were wishign to get your mortgage with however, I believe things have changed nowadays and all there interested in is proof of savings.
 
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