Anything I should do differently?

badger09

You could also bag a switching incentive from First Direct.

Current M&S incentive appears to apply only to credit hard holders, but that doesn't seem too onerous;)

dcs34

Worth checking with the 5% regular savers that you won't end up losing the difference from any Direct Debits the respective current accounts require.

Look at switching offers - you don't appear to have had a NatWest or RBS account. £5 from a dummy account into one of those would earn you quite a bit more than 5%!

masonic

dcs34 wrote: »

Worth checking with the 5% regular savers that you won't end up losing the difference from any Direct Debits the respective current accounts require.

The First Direct, HSBC and Nationwide accounts don't require direct debits. The M&S account does, but they don't need to pay out every month.

Not sure how a Direct Debit would cause anyone to lose anything though, there are plenty of options that don't involve giving away your money.

onwards&upwards

masonic wrote: »

The First Direct, HSBC and Nationwide accounts don't require direct debits. The M&S account does, but they don't need to pay out every month.

Not sure how a Direct Debit would cause anyone to lose anything though, there are plenty of options that don't involve giving away your money.

Does the first direct reg saver allow withdrawals?

Think i’ll Get that and then leave it as it is until these rates run out. Don’t want to leave myself without options in a year because i’m Not new or have already taken advantage!

I’ve just opened a Marcus account to keep some ‘quick access’ funds in instead of the Starling. Only 1% more but every little helps.

masonic

onwards&upwards wrote: »

Does the first direct reg saver allow withdrawals?

Yes, but if you make a withdrawal you lose the 5% rate. If you need to withdraw the Nationwide regular saver is a better option as there is no penalty.

Think i’ll Get that and then leave it as it is until these rates run out. Don’t want to leave myself without options in a year because i’m Not new or have already taken advantage!

I've been taking advantage of all of these accounts for many years. The only one I'm no longer able to get is the Nationwide FlexDirect. All of the others can be used over multiple years.