First Direct Regular Saver 8%

simpleguy_blr

bettz wrote: »

Brilliant thanks for that £1 in the 1st account & i'll transfer £300 into saver account

Bettz, you need to open an e-Saver account, and the £1 needs to go into the e-Saver and the £300 goes into your 1st account from which a standing order would have been set-up to move money into the Regular Saver when you opened the Regular Saver.

e-Saver Link
http://www1.firstdirect.com/1/2/savings/e-saver?WT.ac=FSDT_CTA_SAV_EDS1002

isie1980

As I don't want to move my current account to first direct, I plan to open the e-saver with £1, a current account to fund monthly with £300 to transfer to the regular saver for the 8% interest. Is there a "best" order in which to open these?

My IVA finished in January 2011 so I'm not convinced first direct will allow me a 1st account due to the automatic overdraft so should I try to open that account first?

pawlala

I'm used to doing money transfers myself. If I don't set up standing orders from 1st account to Regular Saver will it not attract interest?

Gromitt

pawlala wrote: »

I'm used to doing money transfers myself. If I don't set up standing orders from 1st account to Regular Saver will it not attract interest?

It's setup automatically on application. Payments can only be made by way of standing order and only one per month. You can change the amount transferred however (in multiples of £5) from £25 upto £300.

pawlala

^thanks, looks like I will have to fund the 1st account with another standing order from an external account to make sure I don't go £300 overdrawn if I forget a transfer in!

YorkshireBoy

adindas wrote: »

I do not think your RSA SO could come from another accounts. It will need to come from your 1st account. Other members please correct if I am wrong.

You've read the post incorrectly.

The SO is coming into the 1st account (ie the current account) in readiness for the SO from there to the reg saver.

Yorkie1

YorkshireBoy wrote: »

You've read the post incorrectly.

The SO is coming into the 1st account (ie the current account) in readiness for the SO from there to the reg saver.

That's what I do

adindas

YorkshireBoy wrote: »

You've read the post incorrectly.

The SO is coming into the 1st account (ie the current account) in readiness for the SO from there to the reg saver.

Get it thank for correction.

pawlala

yes I intend to fund the 1st Account from an external salary account just prior to the RSA SO.

lovingtescoforever

Hello

Am I right in saying that if I open a 1st Account and then open a saving account, both with money in that I don't have to pay the fee for the 1st account of £10?

Then I can open a regular savings account with the 8% interest?

sorry for the thick questions. Seems too easy:o