HSBC and First Direct have cut the interest paid on their regular savings accounts from 2.75% to 1% for new customers, just days after MoneySavingExpert.com warned a rate reduction was on the cards...
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'HSBC and First Direct cut top regular savings rates to 1% after MSE warning'
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wiseonesomeofthetime said:1
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Just got my FD and HSBC renewals in in time.0
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Just opened a First Direct, though waiting for something in the post, Looks like a no no for the RS.0
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Chorley BS has just announced a Seasonal Regular Saver, available from 1st December, paying 1.25% variable: max £250 pm, matures on 30th November 2021.
Importantly, this product won't be available to those of us with an existing Chorley seasonal saver. We've separately been offered a follow-on RS.
For those unfamiliar with the Chorley's approach to regular savers, for some years now they've had a practice of providing an invitation-only, follow-on RS product when an existing RS matures, typically at a slightly better rate than available to the general public. So even if today's new issue isn't a market-leading variable rate, one might ultimately find it reasonably worthwhile if past form is anything to go by.11 -
How easy is it to apply for a Chorley BS Regular saver, please? I.e. do you have to post in documents for identity purposes which is a bit of a faff to say the least or can the application process basically be done online?1
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JamesRobinson48 said:cricidmuslibale said:How easy is it to apply for a Chorley BS Regular saver, please? I.e. do you have to post in documents for identity purposes which is a bit of a faff to say the least or can the application process basically be done online?1
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Re Chorley RSHow good are the maturity arrangements please? They say that they use BAC's which can take up to 5 days or into an easy access account, can this be accessed online?Thank youEPC2
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cricidmuslibale said:JamesRobinson48 said:cricidmuslibale said:How easy is it to apply for a Chorley BS Regular saver, please? I.e. do you have to post in documents for identity purposes which is a bit of a faff to say the least or can the application process basically be done online?1
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Hi all,
We've seen you're discussing the HSBC and First Direct rate drops today - here is MSE's most recent news story on the reductions:3 -
JamesRobinson48 said:Chorley BS has just announced a Seasonal Regular Saver, available from 1st December, paying 1.25% variable: max £250 pm, matures on 30th November 2021.
Importantly, this product won't be available to those of us with an existing Chorley seasonal saver. We've separately been offered a follow-on RS.
For those unfamiliar with the Chorley's approach to regular savers, for some years now they've had a practice of providing an invitation-only, follow-on RS product when an existing RS matures, typically at a slightly better rate than available to the general public. So even if today's new issue isn't a market-leading variable rate, one might ultimately find it reasonably worthwhile if past form is anything to go by.#40 Save £1 a day for Christmas 2020 £109/366
#9 Save 12k in2020 £3705/12000.001
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