We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

High Interest or other bonus

Options
I have just ended a First Direct Regular Saver and got £116.73 interest. I had to save £300 a month for 12 months to get that. It had 6% interest.

One year ago I tried that idea Martin Lewis has called Drip Feeding. I put my last year Regular Saver into a TSB Classic Plus Account which paid 5% interest. I paid from that into a TSB Monthly Saver. That also had 5% interest. Amazingy my total was £145.71 Interest. I got £74.44 for the first one and £71.27 for the second one.

Annoyingly First Direct Regular Saver is now 5% interest. Also TSB will reduce the interest rate from 5% to 3% in January 2017. Their Monthly Saver now has 2% interest.

I am trying to save to pay off my mortgage.

Comments

This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.