The First Direct regular saver loophole?

davefromkent_2

Hi, how do I get the First Direct regular saver without making their current account my main account or paying in £1500 a month? I remember seeing something on here before but can't find it. Many thanks

Cyrus

Open an everyday e-saver and deposit £1.

Sorted.

byjimini

Yeah I think you can have their savings account or credit card - I had both when they started charging, so I'm not sure.

davefromkent_2

Do I still need to have their bank account too?

Cyrus

You need a 1st account to open the reg saver and then the everyday e-saver to get out of the £1500 a month thing.

davefromkent_2

Thanks very much

adam67

I'd avoid putting money into the banks at all except for your day to day. I wouldn't trust them with my savings.

Why keep your money in the banks gaining no interest while the value of it slowly gets eaten away.

apt

The regular saver also has to come directly out of your First Direct current account.

MoneySaverLog

adam67 wrote: »

I'd avoid putting money into the banks at all except for your day to day. I wouldn't trust them with my savings.

Why keep your money in the banks gaining no interest while the value of it slowly gets eaten away.

Well this account pays 8% which is more than inflation so it does not get eaten away. So other than banks what's the alternative?

exel1966

MoneySaverLog wrote: »

So other than banks what's the alternative?

http://forums.moneysavingexpert.com/showpost.php?p=54827075&postcount=6

:rotfl::rotfl:

MoneySaverLog

Now how did I know Au was going to be mentioned. :rotfl: