Halifax £5 per month current account

guitarman001

OK, gotcha - thanks!!

amictus

Gromitt wrote: »

No, as I've said above, it doesn't apply if you have a eSavings account, as that is regarded as an 'additional product'. As long as you put £1 in that account, your fine.

Quick question... does the esaver have to have £1 in it? I opened one so that I wouldn't have to transfer the £1500pm, but the balance is still at £0. Do I need to make a deposit?

Gromitt

I believe so, otherwise its an inactive account, but you have 6 months from the date your current account was opened to do so.

Spiggle

Guitarman,

You have to pay into the FD regular saver through the 1st account so make sure you have the £300 in there when you open the regular saver and ensure you have £300 in there every month on the same date. FD are very quick and very very helpful on the 'phone. I opened new regular savers for me and the OH on the day after the first set matured. The funds accrued at maturity (12 months) will be transferred automatically by FD into your e-savings account. You can then transfer them online into your 1st account and send it wherever you like.

For ISAs look here. Skipton BS offer 3.1% and it's an internet operated account.

Hope that helps,
Spigs

guitarman001

You have to pay it THROUGH the First Account? OK, I didn't know that!! So many little niggles!!

About to apply now. This is what I think needs to be done:

-Open First Account.

-Open e-saver and put £1 in.

-This means I don't have to pay in £1500 each month to the 1st account.

-Put £300 first in the 1st account then into the regular 8% gross saver.

- So that means I need the 1st account, the e-saver, AND the regular saver. I can't just use the regular saver and 1st account? Crikey.......

PHEW!!
If I get this sorted, I will check out the HSBC 6%.
I've already applied for the Halifax £5 per month so hope that goes well.

Other than that... I need to decide what to do with the monies in my Vantage accounts... and also change my share accounts from ii to another broker.
PHEW!

The_pc_tech

I think as long as you have the regular saver you will be exempt from the £10 charge.

Give FD a call to check, they really are very helpful and much easier to get through to than Lloyds, no messing about with automated phone systems.

MoneySaverLog

The_pc_tech wrote: »

I think as long as you have the regular saver you will be exempt from the £10 charge.

Give FD a call to check, they really are very helpful and much easier to get through to than Lloyds, no messing about with automated phone systems.

The regular saver does not exempt you from the £10 a month charge, that's why you need to open a normal savings account with First Direct and deposit £1 in there

Spiggle

Yep through the first account.

I forgot to mention that there is a non-ISA savings account from Monmouthshire Building Society called the Flexible Saver 2. You can put a maximum of £1000 per month into it. (Only four withdrawals allowed per annum or they'll close the account.) The interest rate seems pants at first as it's only 2% BUT it has a 2% bonus which makes it a 3.2% net interest payer provided you keep the account open until the maturity date. I know you like online and you can fill in the forms etc online but the initial payment needs to be made by post - they send everything you just have to sign and send a cheque in their prepaid envelope. Then once you have the account details you can make faster payments out of your bank account online or even set up standing orders for a monthly amount.

Hope that helps you and good luck with re-building your net worth.

All the best,
Spigs

guitarman001

Thanks! I'll be honest... not sure about the whole post thing. Will see..!

OK, so I've got my FirstDirect accounts... BUT... I need to log on somehow and haven't been given login details. There must be a way to get started!?

EDIT - found it. Looks like I need to use Microsoft explorer, ugh!!

MoneySaverLog

Only for internet banking plus, internet banking you can use firefox