HSBC Flexible Saver

gt94sss2

Beate wrote:

Right, I just had an interesting visit to my local HSBC branch. Basically, I sat down, said "I have a Flexible Saver and I want the extra 1%" and he logged into my account, said "okay" and did it there and then. No transfer needed.

If you login to your internet banking is the account still described as 'FLEX SAVER' or something else now?

Regards
Sunil

gelato_cat

Cool - I thought there must be some logic behind it!

I do the same as you, but with a Halifax high interest current account (5.12%) and web saver (5%)/BoS IASA (5.25%).

Icesave is defo for money you don't think you're going to need to touch in the near future - I haven't transferred anything in since my initial deposit in November! Too scared I'll !!!! up my cash flow!

Suze

gt94sss2 wrote:

1) As its extra interest and every little bit helps

2) If you follow my advice to empty your Flexible Savings Account - wait 48 hours and then ask HSBC to convert your account under this offer - you will get the extra interest on all your balance.

3) The account is useful to 'sweep up' any excess balance on your current account (HSBC do this automatically for me) before I decide to transfer it somewhere else.

4) It also means money can sit there if I am expecting to need it soon rather than spend 3 days sending it to another bank and another 3 days sending it back (also Icesave don't allow you to withdraw anything you have paid in until 7 days have passed)

Regards
Sunil

regularsaver1

Suzy - Halifax are increasing the rate on their high interest acc to 6%

gelato_cat

Blimey! Where did you see that?

Suze

regularsaver1 wrote:

Suzy - Halifax are increasing the rate on their high interest acc to 6%

regularsaver1

i've pm'd you