First direct reduction in interest rates including regular saver

Rich1976

From 3rd October Regular Saver is being reduced to 2.75%

All other savings accounts from 18th December including Cash Isa down to 0.55%

veryintrigued

Heck - that's a drop and a half!

Rich1976

Yep so anyone interested best get in before Thursday. The isa rate while not brilliant was better than other places even though nonwhere best on market.

want_to_save

Where have you seen that it still shows as 5% on their website

Rich1976

On their Interest Rates Pdf

xylophone

Where have you seen that it still shows as 5% on their website

https://www1.firstdirect.com/savings-and-investments/savings/regular-saver-account/

Rich1976

Yes and scroll down to their interest and charges PDF

Alexland

Sigh, probably to be followed by announcements on sibling HSBC and M&S regular savers. End of an era.

xylophone

sibling HSBC and M&S regular savers. End of an era.

Annoying if so - my M&S comes up for renewal at the end of this month!

I have an appointment to open the new Virgin RS 19 (3%) but not for a fortnight!

MDMD

My FD RS finished last night so I’ll call them now to renew

If the M&S one drops I’ll dump them

Edit: called FD and renewed. Person I spoke to had no idea the rate was dropping - I wonder if the website was updated with that PDF too early!

She did say that they are making it an app or website only product - you can’t apply on the phone.

RichyRich

That's irritating. My RS expires just before Christmas. Might be looking at switching accounts in the new year.