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Regular savings account

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Comments

  • MoneySaverLog
    MoneySaverLog Posts: 3,232 Forumite
    If you do all this though you have to watch the dates of the standing orders to take into account weekends and possible bank holidays.
  • iluvsaving
    iluvsaving Posts: 60 Forumite
    Barclays, 3.25% Monthly Saver, can access the money whenever you want. On months you access the money you will receive 2.99% interest. It runs for 12 months but you can end it early if you wish too.
  • Dear iluvsaving, Thank you for your post

    To make it clear to other members.
    I would like to point out the Barclays, 3.25% Monthly Saver does not have online or telephone access. Online or telephone access is only available to Barclays current account holders who are registered for Barclays Online and Telephone Banking.
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    So any savings account with first direct means you don't need to S/O £1500 in there every month? I didn't know that.

    Could I do this:

    Open HSBC current account (the no fee one)

    Open first direct savings account and fund with £1

    Open HSBC regular saver and fund with £250 a month

    Open first direct regular saver and fund with £300 a month
    You have to open a current account with First Direct, as well as the savings account with £1 in.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
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