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why do some savings institutions only allow sole accounts.

bazza1212
by bazza1212 20 December 2008  |  Comments 2 comments  |  Love Love  0 loves

we prefere joint accounts

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Comments (2)

  • MikeGG1
    Love rating 824
    MikeGG1 posted

    The question is a surprise to me because I don't have that problem. However, some types of investment, such as ISAs or pensions, have to have sole accounts.

    Could you supply some examples, please?

    Posted on 21 December 2008 | Love Love  0 loves Report
  • JoeEasedale
    Love rating 159
    JoeEasedale posted

    There are some of the smaller deposit takers who only want sole accounts. I am guessing that they find the admin of sole/joint authority to be more trouble than it is worth to them with their stripped down offerings.

    This is only a guess but I reckon its a cost thing.

    Posted on 21 December 2008 | Love Love  0 loves Report

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