Club Bank Accounts
Hi folks. I turn to my fellow bowlers, with a very simple question. Can any of you recommend a bank or building society account, that pays interest, but doesn't charge a fee? I have spotted numerous Treasurer Accounts, that pay interest, but they do not allow direct debits. Ideally I need:
Allows direct debits
Allows cash to be paid in
Allows cheques to be paid in
Thank you, in advance, for your help. 😁
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Hi Mark,
You will probably need to have two accounts depending on how much money your Club has.
One account for day to day banking, direct debits, cheques etc and a second account with another bank or building society that pays interest. For the latter there are a number of organisations that offer much higher interest and still covered by FSCS protection up to £85k.
Money can be instantly sent back from an Instant Access saver account to your current account when needed using online banking.
The second account can either be with Instant Access or a Fixed Rate over varying terms.
Hope this helps.
Ian