opening of a saving account without holding any current accounts?

Question

i would like to open a saving account but i dont have a current account to make direct debits to and from it to the new saving account.does anyone know a bank,building society that can open a saving account and i can just go to their branch or post office and through money into my saving accout.thanks for help

Answer 1

I'm going to assume you are from the UK? In which case I suggest a Tesco savings account , just go into any of their supermarket stores and pick up a leaflet, fill it in and that's it.
The interest is good, you can pay money, or cheques in at any of the branches, they will also give you an ATM card so you can draw up to £300 a day(if you have it in) .

Answer 2

Any bank will let you open a savings account, even if you don't have any other accounts. You will not earn very much interest on your money at a regular bank though. To contribute to high-yielding savings vehicles (American Dream savings account at emigrantdirect.com or Prime Money Market fund at Vanguard.com) you do need to have a checking account to link to the account. It may be in your best interest to open a checking account, even if you don't need one, just for the sole purpose of transferring money to your high-yield online savings account. (You can open a checking account easily at any bank.)

Answer 3

To open a savings account, you need not have a current account

Answer 4

The bigger supermarkets (well, Sainsbury's definitely) have a savings account you can open. Whenever you are at the checkout you can pay money into it. I think it's a great idea - going to do it myself.

Answer 5

Providing you can show proof of identity and residence, you can open a bank account in the UK. Credit has nothing to do with it unless the bank is going to lend you money.

Answer 6

most savings accounts don't need a current account.but you do need proof of name and address

Answer 7

Have a look at: www.ybs.co.uk