This topic will seem very out of place for a Fintech orientated forum but I can’t be the only one who thinks this way.
I’m a big fan of passbook savings accounts because of the way the money is ‘locked away’. It’s so easy to access online ‘easy savers’ and withdraw/transfer money using ATM cards or online banking.
I like the idea of having money in a bank account and not being able to access it without making a trip into town to the bank/building society and handing over the passbook. It makes you think twice about using the money.
My two questions are:
Is it just me that thinks this way? Am I just too fond of the memory of being 5/6 years old and going into The Derbyshire Building Society to pay money into my ‘young saver’?
Does anybody know of any banks or building societies that still offer passbook accounts? My last one was with The Derbyshire until they transferred it into Nationwide.
Please be easy on me, I’m 5/6 years old at heart!