first direct regular saver 8% to be withdrawn

typistretired

First Direct are stopping their regular saver from 1st February

Quote on their website

Regular Savings Account to be temporarily taken off sale for new accounts from 1 February 2013.

Ifts

Also the withdrawal (in a weeks time) of the £125 sweetener for opening a current account with First Direct, saw it mentioned in this article over on thisismoney.co.uk:

First Direct – an offshoot of HSBC – is offering new customers a £125 sweetener if they open a current account, pay in at least £1,500 a month and switch two direct debits. But you only have one week left to open it.

Read more: http://www.thisismoney.co.uk/money/saving/article-2266405/First-Direct-current-account-offers-125-8-savings-rate.html#ixzz2J19r9bGN

Nine_Lives

Good while it lasted.Glad i've got 3 that have not long opened.

ColdIron

Opened one 10 days ago, phew
I wonder how long temporary is?

innovate

Nine_Lives wrote: »

Good while it lasted.Glad i've got 3 that have not long opened.

What are you trying to achieve by advertising on an Internet forum that you are breaking T&Cs by operating bank accounts in other people's names, without a legally valid authority to do so?

GreenBitterfly

Opened mine today, just a coincidence though!, although glad I've just started working again, so I can afford to open another regular saver.

Wobblydeb

Poop, I've got one maturing early March!

I normally open a new one when it closes.....

It does say new customers though, so fingers crossed.

veryintrigued

Thanks for the heads-up on this.

Applied for a First Direct current account on Monday (and got telephone confirmation yesterday) for the sole reason to get one of these accounts (my aim to feed in £1500 and out each month and have a couple of SOs).

I can feel a phone call coming on tomorrow as I have no paperwork and no payments set up yet.


Anyone got a gut feeling if I've left it too late?

fira

I phoned them last week and asked if they'd open the Regular Savings account for me on 2nd February (I get paid 1st monthly so the standing order coming off a day later would be more suitable). They called me today and explained that the product was being withdrawn from 1st February but did I want them to open it today and transfer the funds? Yes, please

I was actually kind of impressed they got in touch.

sabretoothtigger

Is it gone already then

veryintrigued

The joys of 24 hour (helpful) onshore telephone service!! They confirmed I could set this up online which I have now done and funded the first £300. Being a former FD customer I was already set up for online banking - just needed a reset. Good work FD.

I also asked about the fixed rate (2.3%) account and it was suggested that this was under review at the beginning of next month. Sorry if this has been mentioned elsewhere.

I'll be pushing the minimum £2k to a newly opened one of those soon too.

Thanks again to the OP on this.