Joint bank account

Does anyone know if I’m able to open a joint savings account with my partner, but I’m a student and he works full time. I’ve seen some banks say they reject students but is there any that accept it

Reply 1

Hedgerow12

Original post by Kiki_3

Nationwide will most likely be able to accommodate this. However due to your circumstances you'll most likely only be able to open an instant access saver which offers a 2.1% interest rate I believe. Which is pretty dismal. You would probably be better off opening two fixed ISA accounts if you were looking at increasing your savings.

Reply 2

martin7

Original post by Kiki_3

I don't think I've ever seen a savings account where the Ts & Cs allow joint accounts but specify that they're not available where one party is a student.

Can you point to any web pages where a bank says it won't accept students?

Bear in mind that setting up a joint account with your partner may result in a financial association being recorded on both your credit records. If either of you has poor credit (e.g. defaults, missed payments, county court judgements) etc, then that might have a knock-on effect on the other person if/when they apply for credit.

Also, unless you've set up an account to say that both of you must authorise withdrawals, a financial instiuition will allow either of you to withdraw money. So make sure you both trust each other not to abuse that.