spiral
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Post by spiral on Mar 16, 2019 10:47:03 GMT
I'm looking for an easy access savings account which can be managed online but sends out monthly paper statements. Does anyone know of any such account that pays a reasonable rate of interest? All of the best buy accounts only provide online statements. I'm prepared to forego a bit of interest but would still like to achieve 1% plus.
The account is for my father in law who is in his 80's. He is not going to change his current account from Natwest who he has banked with for over 60 years so the account needs to be as basic as possible with no strings attached.
Any pointers would be much appreciated.
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lara
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Post by lara on Mar 16, 2019 11:30:20 GMT
I'm looking for an easy access savings account which can be managed online but sends out monthly paper statements. Does anyone know of any such account that pays a reasonable rate of interest? All of the best buy accounts only provide online statements. I'm prepared to forego a bit of interest but would still like to achieve 1% plus.
The account is for my father in law who is in his 80's. He is not going to change his current account from Natwest who he has banked with for over 60 years so the account needs to be as basic as possible with no strings attached.
Any pointers would be much appreciated.
Have you tried Tesco Bank? I'm paperless with them but when I go into my account it looks like I have the option to go back to paper statements. Are you going to be managing it for him online? Presumably the paper statements are for his peace of mind? Would he be happy with you printing out a statement for him once a month perhaps?
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macq
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Post by macq on Mar 16, 2019 11:33:21 GMT
I'm looking for an easy access savings account which can be managed online but sends out monthly paper statements. Does anyone know of any such account that pays a reasonable rate of interest? All of the best buy accounts only provide online statements. I'm prepared to forego a bit of interest but would still like to achieve 1% plus.
The account is for my father in law who is in his 80's. He is not going to change his current account from Natwest who he has banked with for over 60 years so the account needs to be as basic as possible with no strings attached.
Any pointers would be much appreciated.
NS&I direct saver is an online account (or phone once opened i believe) that while run online does offer paper statements if you select the option but not sure if there monthly and pays 1%.Also Charter savings bank which has some good rates was mentioned in a newspaper last week as they have started to let people open accounts by post which i guess has gone down well with older customers apparently - so you would assume there maybe a paper statement option as well P.s Having now looked Charter savings bank does not have postal accounts
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Post by df on Mar 16, 2019 12:39:38 GMT
I'm looking for an easy access savings account which can be managed online but sends out monthly paper statements. Does anyone know of any such account that pays a reasonable rate of interest? All of the best buy accounts only provide online statements. I'm prepared to forego a bit of interest but would still like to achieve 1% plus.
The account is for my father in law who is in his 80's. He is not going to change his current account from Natwest who he has banked with for over 60 years so the account needs to be as basic as possible with no strings attached.
Any pointers would be much appreciated.
Ulster bank easy access account pays 1.25%. They do send paper statements. Managed online. Verry basic - no strings attached. Interest paid monthly and withdrawals are immediate.
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spiral
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Post by spiral on Mar 16, 2019 16:49:54 GMT
Thanks for the above responses.
I cannot locate the Ulster bank account paying 1.25, the website only seems to have an account paying 0.2%. 
NS&I have an account at 1%. Their T&C's state "regular statements" without specifying frequency but does commit to an annual statement every April.
Tesco appears to be the winner with an account paying 1.42% and an option for paper statements in any month where a transaction has occurred.
Thanks again.
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james100
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Post by james100 on Mar 16, 2019 19:12:36 GMT
For the nsi income bond and direct saver ones, regular statements are annually (tax statement) plus on deposit and withdrawal.
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