First Direct and Savings

swiftysw

Hi, I am tempted with the following.

http://www.moneysavingexpert.com/banking/compare-best-bank-accounts#firstdirect

Does is mean it can move money from my current to my savings automatically.??

Can I then NOT access the money in saving for 12 months?

What if I do?

Reaper

I assume you mean the 6% regular saver. If so then yes, the money will be automatically moved each month from your current account to the regular saver so make sure you have enough each month to cover it.

You can't withdraw unless you close it and if you do that you lose the interest. From their web site:

no partial withdrawals. If the account is closed before the end of the fixed period, interest will be paid at the standard Savings Account variable rate.