Regular Saver Thread **New and Restarted**

18cc

This link (provided by user Snow Tiger on the Banking board) seems to imply that you can now get the HSBC regular saver by opening an ordinary bank account (no minimum balance or pay in required) - is my reading of this correct?

https://www.hsbc.co.uk/content/dam/hsbc/gb/pdf/accounts/getting-started-introducing-your-account.pdf

On the HSBC web page it does not mention this:

https://www.hsbc.co.uk/current-accounts/products/bank-account/

Dovestones

HSBC Regular Saver: check out link below.
Interest depends on which account you have.

https://www.hsbc.co.uk/savings/products/regular-saver/

18cc

Thanks for the clarification so all they are changing is the fact that if you have an ordinary bank account with 3% Regular Saver you now no longer have to pay in 500 month

Dovestones

You can have the basic Bank Account, get the 3% Regular Saver and not have any minimum pay in if you are over 65. Not sure about under 65 but would suspect £500 monthly min needed.

18cc

They seem to have changed it so no minimum payin required now


https://www.hsbc.co.uk/content/dam/hsbc/gb/pdf/accounts/getting-started-introducing-your-account.pdf

schiff

I've never done this before, so I thought I would! Monthly deposits into regular savers:

£1050 at 5%
£200 at 3.5%
£2350 @ 3%
£1350 at 2.5%
£200 at 2.3%
£500 at 2.25%
£250 at 2%

JamesRobinson48

schiff wrote: »

I've never done this before, so I thought I would! Monthly deposits into regular savers:

£1050 at 5%
£200 at 3.5%
£2350 @ 3%
£1350 at 2.5%
£200 at 2.3%
£500 at 2.25%
£250 at 2%

Mine's almost identical, except for the 2.00% band where I'm paying in £4,550 pm, plus I have £450 at 1.75%.

MarkFromCornwall

schiff wrote: »

£1050 at 5%
£200 at 3.5%
£2350 @ 3%
£1350 at 2.5%
£200 at 2.3%
£500 at 2.25%
£250 at 2%

Equivalent to £5900 at a weighted average rate of 3.129%.

Mee

Just a word of caution about sharing information here which may enable potential scammers build up a picture of your financial connections.

adindas

Mee wrote: »

Just a word of caution about sharing information here which may enable potential scammers build up a picture of your financial connections.

And how ?
Keep in mind not many people here use their real name/ID