hsbc reg;saver

joe134

Hi Guys, my Regular saver is one payment left.
Hsbc has written to say what they will do with the monies, BUT, no mention of taking out another;
Can you restart another when it expires??:beer:

caveman38

joe134 wrote: »

Hi Guys, my Regular saver is one payment left.
Hsbc has written to say what they will do with the monies, BUT, no mention of taking out another;
Can you restart another when it expires??:beer:

Yes. Do it on-line as it saves having to spend ages listening to all the waffle their obliged to read out.

System

Yes but I've always had to wait a few days before the next one. Definitely worth doing though (net of 3.2% for me)

bsms1147

MatthewAinsworth wrote: »

(net of 3.2% for me)

How've you worked that one out?

MDMD

bsms1147 wrote: »

How've you worked that one out?

The tax rules are scheduled to change anyway from April so when the next interest payment is made it will be paid gross with interest falling within the £500/£1000 savings interest allowance.

System

Bsms -

.How've you worked that one out?

4% gross interest, less 20% tax at moment for me - but as mdmd says that should improve

colsten

If you have an Advance current account, they pay 6% AER in the Reg Sav

planteria

as above, yes..
you can start the next one the day after the previous one matures.
i'm into my 4th back-to-back now.
i leave an Instant Access account open with them to collect the maturity.
and good point above.. the few good rates of interest around will become significantly more appealing once the new tax rules come in:T

Archi_Bald

planteria wrote: »

the few good rates of interest around will become significantly more appealing once the new tax rules come in

you can earn up to £200 a year more than before, as long as you are not an advanced rate tax payer.

planteria

those rates being paid gross are still good news though

Archi_Bald

Sure, I was agreeing with you. Worth up the £200 extra a year without raising a finger.