Which bank(s) will let me open a basic current account with the smallest deposit to open it?

Question

Looking for a very basic account to have my wages paid in.

Answer 1

The Nationwide's FlexAccount allows Standing Orders and Direct Debits and access to your cash. It can be run through the Branch, Post Office, Telephone or Internet. Balances of £1 or more earn interest of 0.10%, paid annually.

The Natwest has the almost identical Step Account, but the interest is paid monthly.

Better rates of interest are available from the Coventry Building Society's Branch- or CallSaveMoneyManager Accounts, paying 0.15% annually on £100 or more, or 3.15% annually on £1 respectively.

Disclaimer:

The answers above are for guidance only and should not be acted upon without you receiving independent financial advice relevant to your circumstances.  To find and IFA please call 0800 085 3250 or go to http://www.unbiased.co.uk.

Answer 2

Why not try the SMART Money. or an ACCOUNT from Banco De Oro

Answer 3

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