First Direct/HSBC & Regular Saver account

camperdown9

Hi

Is there any difference between HSBC & First Direct's regular savings account? I understand that First Direct have a slightly higher limit at £3000 but other than that is there anything else?

Thanks

Alex

Archi_Bald

The interest rate?

camperdown9

Hi

Sorry should of said the HSBC account is an "HSBC Advance account" so they match first direct and pay 6%.

Alex

Gromitt

I think you've got your figures crossed.

HSBC maximum £250 per month, or £3000 per year.
FD maximum £300 per month, or £3600 per year.

YorkshireBoy

camperdown9 wrote: »

is there anything else?

Re the current accounts required to feed the regular savers, one costs £12.95 a month...and the other one doesn't?

socrates

YorkshireBoy wrote: »

Re the current accounts required to feed the regular savers, one costs £12.95 a month...and the other one doesn't?

Now now you know there is a simple way around that...

YorkshireBoy

socrates wrote: »

Now now you know there is a simple way around that...

No I don't actually.

What's the "simple way" to avoid paying HSBC £12.95 a month (for the Advance account) in order to secure their 6% (FD matching) regular saver?