Nope, no tick boxes. I’ve opened three so far, they limit you to five.
NS&A explicitly let non residents open new accounts too, all you need is a UK bank account for funding/withdrawing to. They just launched an account paying 6.2%
UK bank accounts
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Re: UK bank accounts
Interesting. I am toying with the idea of NS&I, but don’t have a simple way to satisfy their proof of address requirements (no driving licence and their other accepted method is a certified bank statement, not an online one). So far, the fact that my Nationwide saver is paying 3.75% has dissuaded me from the bureaucratic hassle, but 6.2% is highly attractive.
Re: UK bank accounts
I also gave up with NS&I as Lloyds are offering 5.55% two year fixed and I couldn’t be bothered to jump through the NS&I hoopla for the small pickup. Sometimes good enough is good enough as we all have lives outside of trying to open new financial products….
But it is a decent rate for anyone who can be bothered!
But it is a decent rate for anyone who can be bothered!
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Re: UK bank accounts
Can you do this through Lloyds internet banking?Deep Blue wrote: ↑Mon Sep 04, 2023 1:41 pm I also gave up with NS&I as Lloyds are offering 5.55% two year fixed and I couldn’t be bothered to jump through the NS&I hoopla for the small pickup. Sometimes good enough is good enough as we all have lives outside of trying to open new financial products….
But it is a decent rate for anyone who can be bothered!
Re: UK bank accounts
Yes. I do it on the app on my phone.
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Re: UK bank accounts
This is good timing, thanks for mentioning it. I was about to open another one-year fixed term deposit at Conister Bank at 5.8%, but the NS&I one looks even better. Fortunately I already have accounts with both so the application shouldn't be too difficult. I've noticed that the Premium Bonds rate has gone up too, to 4.65%. Not bad at all. Must admit I'm a bit addicted to checking the Prize Checker each month to see how much I've won The instant accessibility of the Premium Bonds money makes it attractive too.
Re: UK bank accounts
Ahh one thing I should mention on the Lloyds fixed deposits, you can get your money out with a penalty but only at a physical branch. I was wondering if it was worth paying the penalty to reinvest a TD starter last year at a higher rate this year but when I saw this couldn’t be done online I didn’t pursue it further.
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Re: UK bank accounts
Does anyone know any easy/cheap way of meeting the 'certified' document requirements?
My UK banks are either closing accounts or offering awful interest, and it's pretty much impossible to open a savings account in the UK as a non-resident.
So the NS&I seemed absolutely perfect... until I saw the proof of identity/address requirements.
If they didn't need to be 'certified' it'd be fine, but the certification requirements seem very hard to meet in Japan.
My UK banks are either closing accounts or offering awful interest, and it's pretty much impossible to open a savings account in the UK as a non-resident.
So the NS&I seemed absolutely perfect... until I saw the proof of identity/address requirements.
If they didn't need to be 'certified' it'd be fine, but the certification requirements seem very hard to meet in Japan.
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Re: UK bank accounts
I’m in a similar position, have a Nationwide account which is paying a not terrible 3.75%, but concerned they may close it. For NS&I, passport would be OK for identity but address puts me off as they require either driving licence, which I don’t have, or bank account, which seems an almighty hassle as I don’t receive paper statements and even if I got one of those it would need a lawyer to certify, which would cost. I wonder if they would accept a judicial scrivener certification instead (likely to be cheaper), but I am not particularly motivated to jump through the hoops unless and until Nationwide is no longer an option.RetroNewbie wrote: ↑Sat Sep 23, 2023 1:29 pm Does anyone know any easy/cheap way of meeting the 'certified' document requirements?
My UK banks are either closing accounts or offering awful interest, and it's pretty much impossible to open a savings account in the UK as a non-resident.
So the NS&I seemed absolutely perfect... until I saw the proof of identity/address requirements.
If they didn't need to be 'certified' it'd be fine, but the certification requirements seem very hard to meet in Japan.
Re: UK bank accounts
When I was at the beginning of learning about investment, I had a consultation with AP Advisers. Whilst I didn’t use them in the end, they did say that they can certify address documents in the required format. So it might be worth contacting them.RetroNewbie wrote: ↑Sat Sep 23, 2023 1:29 pm Does anyone know any easy/cheap way of meeting the 'certified' document requirements?
My UK banks are either closing accounts or offering awful interest, and it's pretty much impossible to open a savings account in the UK as a non-resident.
So the NS&I seemed absolutely perfect... until I saw the proof of identity/address requirements.
If they didn't need to be 'certified' it'd be fine, but the certification requirements seem very hard to meet in Japan.
https://www.ap-advisers.com/