Savings Account With Passbook

[Dollie]

Does anyone know of a bank that will let you open a savings account (don't need a bank account as already have one) but will issue you with a passbook so you can keep up to date with what you have deposited and withdrawn. My current savings account with the Halifax doesn't give you a passbook and only issues statements once a year - don't know where I'm up to at all !!

[Ethel]

Passbook savings accounts are dying out and generally paying low interest rates.

Don't be put off though - because most can be viewed on line, so you can see exactly where you are.

Halifax offer on-line banking and savings accounts. But check here for the best interest rates:

http://www.moneysavingexpert.com/savings

[sandbach99]

Try Nationwide Building Society some of their accounts have pass books, Cashbuilder and ISA accounts both have pass books, but neither do they have a cash card or cheque book which means you have to go in to get your money. Perhaps keep a small amount ie �50 in the Halifax for emergencies the rest in Nationwide.

[spudqueen]

There is one at the Post Office which issues a passbook, though to draw money out you have to apply by post at least two weeks before you want the money. Fine if you're just saving up and don't want to withdraw very often.

[dzug]

The Post Office one mentioned by a previous poster is I think the National Savings Investment Account - pays quite a good rate once you have a minimum sum in. You can open over the counter at any PO, but you'll need the normal IDs as for any account.

You can't get money out on demand (though you no longer have to give a month's notice) - you post off a form with the book and it should come back by return of post with a cheque you can either cash at a Post Office or pay into your bank account.

It pays interest gross - so you have to pay the tax separately if you are liable.