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HI

Im looking for a savings account to put my contingency fund in and notice that tesco do an instant access account.

I had debts with RBS, RBS Mastercard and Next would I be ok to open this account or would I be foolish, i.e will they try and use the rights of offset on me?

Thanks

I personally would steer away from any banks who are linked to your creditors.

Ive got a online 'websaver' account with the Halifax, it is perfect for a saving account, you can pay over the counter or standing order and you get a link cash card.
Its also the Bank of Scotland not the Royal Bank of Scotland

RBS recently sold their share of the tesco finance arm to Tesco so i really dont know if RBS would have any rights to get at your money! Have you got online banking!? I use my banks online flex saver its great and only way to get the money is transfer it to my current account online!!

You could try Nationwide as well for savings.

Have debts with Tesco Personal finance (loan and credit card), opened an instant saver account with tesco (only because cashback site were giving £20 to open it), account opened okay , had it for 2 months no problems. Although I've never had more than £30 in it!

That makes no difference - Halifax were one of my creditors and they emptied my savings account which had all of £34 in it to offset against my £25,000 loan!!!!!!!!! Went a long way that!

It was rather embarassing as well when I went in to draw the money out!!!!!!