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Abbey Super Fixed Rate Monthly Saver 6%
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Dagobert
Posts: 1,625 Forumite
Super Fixed Rate Monthly Saver Issue 8 launched this week.
Operates in the same way as the Abbey Fixed Rate Monthly Saver, see Regular Saver thread.
Eligibility criteria: Super Fixed Rate Monthly Saver is only available when you open a new Preferred In Credit Rate bank account or Reward bank account and switch all Direct Debits and Standing Orders using the Account Transfer Service.
I only just opened a Preferred in-credit Bank account a couple of weeks ago. I tried to apply over the phone but the call centre did not have a screen to open this account. Presumably it can only be done as part of the current account opening process.
Operates in the same way as the Abbey Fixed Rate Monthly Saver, see Regular Saver thread.
Eligibility criteria: Super Fixed Rate Monthly Saver is only available when you open a new Preferred In Credit Rate bank account or Reward bank account and switch all Direct Debits and Standing Orders using the Account Transfer Service.
I only just opened a Preferred in-credit Bank account a couple of weeks ago. I tried to apply over the phone but the call centre did not have a screen to open this account. Presumably it can only be done as part of the current account opening process.
Dagobert
0
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Does said account have to remain open?Super Fixed Rate Monthly Saver is only available when you open a new Preferred In Credit Rate bank account or Reward bank account and switch all Direct Debits and Standing Orders using the Account Transfer Service.
Conjugating the verb 'to be":
-o I am humble -o You are attention seeking -o She is Nadine Dorries0 -
As the current account pays 6% interest for the first year you might as well keep it for that period.0
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and the RS T&C seem to imply that all deposits to it have to be by SO from the newly opened Abbey current account.0
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I have had 7 Abbey Fixed Rate Monthly Savers including one Super Fixed Rate, which was only available in conjunction with a current account.and the RS T&C seem to imply that all deposits to it have to be by SO from the newly opened Abbey current account.
None of these had to be funded via Abbey SO. They can be funded externally and it does not have to be via SO. Manual payments will do.
But seeing as you have to fund the current account with £1000 a month you might just as well take it from there anyway.Dagobert0 -
As you say,the requirements of the current account drive you anyway.
I haven't had any of these before, but from the literature:
Q&A:
This limited offer is available for customers opening a new qualifying bank account.
Can I save regularly without setting up a standing order?
No, you can only save by standing order.
You can’t make payments by cash or cheque, Direct Debit, bill payments or transfers.
T&C
The first deposit must be paid the month following account opening via standing
order from the qualifying bank account,
The standing order must be set up to make 13 monthly payments to the account between the 2nd and 21st of each month0 -
Can I save regularly without setting up a standing order?
No, you can only save by standing order.
As has been discussed many times before, an external payment by SO is nothing but a repeated BACS payment (or possibly FP these days) for your convenience. Whether you automate the payment via an SO at your external bank or do it manually every month is indistinguishable for the receiving bank.
I have had 76 regular savers over the years including 7 Abbey Fixed Rate Monthly Savers and I have been paying them manually by BACS/FP and they all mature nicely.Dagobert0 -
This is very similar to the Alliance & Leicester offer ( couldnt find it in a search )
If you open a Premier Direct Current Account - 6% fixed for balances up to 2500 for a year - you can also open a regular savings account again for 6%.
The conditions for the current account are that you have to move 500 quid into the account every month, but you can always keep 2500 in it and set up a S/O to move it in and out each month Thats my plan.
Incidently, they are offering a Introduce a friend bonus
"We'll send an email to the person you've recommended explaining what they need to do to apply for an account. Once your friend opens their account using the link from our email and meets the funding requirements, we'll credit both your accounts with £25 within 8 weeks of account opening."
so, if anyone wants to open an account send me a pm and we can both benefit.
So thats A+L & Abbey doing a 6%, I wonder if B&B is as well?2023 wins - zilch, nada, big fat duck. quack quack,0 -
B&B do Abbey accounts now.0
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