first direct regular saver 8% to be withdrawn

akamustang

Ahh yes, that would make sense, thank-you.

EDIT:
I also mis-read that interest is calculated daily but only added at maturity, so this accounts for the other few pounds.

Mine is coming out at £3,725.30 now, on a non-leap year.

typistretired

akamustang wrote: »

How did you arrive at £3725.78?

By my reckoning if you put in the full £300 per month it should be somewhere in the £3760 to £3762 range.

What has anyone else's closing balance been?

Net amount - Paid about £31.44 in tax.

Moneygrabber24

I got around £124 ish interest after tax.......

typistretired

Moneygrabber24 wrote: »

I got around £124 ish interest after tax.......

See my previous post 111 you need to check date it matured was correct.

J_i_m

Just received my letter telling me that my FD regular saver is approaching it's "first anniversary" and on the back I found some interesting info.

Under the heading "New accounts no longer available" are listed everyday savings account and e-savings account.

The regular saver is under the "new accounts currently not available" heading.

This at least implies that the regular saver is likely to return, albeit with reduced rate of interest.

typistretired

They are still allowing you to apply for an everyday esaver online today. I know the esaver ended a couple of years ago, kept a pound in it incase they upped the rate.

m0ns00n

akamustang wrote: »

How did you arrive at £3725.78?

By my reckoning if you put in the full £300 per month it should be somewhere in the £3760 to £3762 range.

What has anyone else's closing balance been?

Mine was £3723.56.

Although this will be marginally less than the maximum (assuming 20% tax), as I only put in £80 in month 5, but then £520 in month 6 (every other month was £300).

typistretired

Still no sign of First Direct reopening their regular saver.

typistretired

m0ns00n wrote: »

Mine was £3723.56.

Although this will be marginally less than the maximum (assuming 20% tax), as I only put in £80 in month 5, but then £520 in month 6 (every other month was £300).

My husband's regular saver matured a day after mine and he got £124.88. He requested a tax certificate the day before it matured as you cannot request one for it after it is removed.

It stated gross interest £156.10 interest £32.22 nett £124.88.

We both got a separate £1 off them due to it maturing a day early due to leap year.

triticale

Regular saver back available at 6%.