pay off mortgage or put in pension?

waynedance

looked at the 1st direct but income sometimes slightly below £1500 for there 1st account terms & conditions.

Looks like the next best savings at 6%.

Yorkie1

waynedance wrote: »

looked at the 1st direct but income sometimes slightly below £1500 for there 1st account terms & conditions.

Looks like the next best savings at 6%.

If you open the e-saver and stick £1 in it, then you have a qualifying savings account and there's no need for the £1500 pm income.

waynedance

Just check and it states you need a 1st account, doh!!

http://www2.firstdirect.com/1/2/savings/regular-savings-account?WT.ac=FSDT_CTA_SAV_REG1003

Yorkie1

You have to have a first (current) account before you can set up the regular saver.

There is a charge to have the current account unless you meet certain criteria. One of the criterion is that you fund it with £1500 per month. A separate criterion is that you have one of the stipulated savings accounts. An e-saver, funded with just £1, suffices. If you have the e-saver you don't need the £1500 funding.

So, open the first account and the e-saver at the same time. Put money into the first account. Put £1 into the e-saver. Open the regular saver.

Go over to the savings / banking boards for more info if you're still not sure.

waynedance

Ok cheers, accounts opened.

https://forums.moneysavingexpert.com/discussion/3948733