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Regular Savings Accounts: The Best Currently Available List!
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veryintrigued said:typistretired said:I have £3000 in mine so won’t be closing as will get a paltry interest rate
Raise a complaint and ask them to close and cite lots of other saving institutions who allow this, closing without penalty and opening the higher rate (or just applying the higher rate) to their current RS holders.
First Direct are supposed to be a bit better aren't they? That's what they keep telling us.- sorry - you can't make partial withdrawals. If you close your account before the end of the 12 month period, we'll only pay you interest at our standard Savings Account variable rate
You can close it - but you would lose the 1% on the sums invested for 10 months which I presume is typistretired's concern. If the 3.5% RS account is still around in 2 months they will be free to open it.
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I have spoken to first direct via chat and they can close the regular saver and open a new one for me but I would only get the low interest rate on closure"Look after your pennies and your pounds will look after themselves"0
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Rich2808 said:veryintrigued said:typistretired said:I have £3000 in mine so won’t be closing as will get a paltry interest rate
Raise a complaint and ask them to close and cite lots of other saving institutions who allow this, closing without penalty and opening the higher rate (or just applying the higher rate) to their current RS holders.
First Direct are supposed to be a bit better aren't they? That's what they keep telling us.- sorry - you can't make partial withdrawals. If you close your account before the end of the 12 month period, we'll only pay you interest at our standard Savings Account variable rate
You can close it - but you would lose the 1% on the sums invested for 10 months which I presume is typistretired's concern. If the 3.5% RS account is still around in 2 months they will be free to open it.
The terms have been clear on a number of other RS that have had their rates increased from other institutions.
But they've waived these terms and either let savers close without detriment or raise the rate on their 'fixed' existing account.
I'd expect a company that espoused how good they were to do likewise.
Maybe we have different expectations of 'walking the walk'.
Anyway I've taken this thread off thread enough now...
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typistretired said:I have spoken to first direct via chat and they can close the regular saver and open a new one for me but I would only get the low interest rate on closure0
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veryintrigued said:Rich2808 said:veryintrigued said:typistretired said:I have £3000 in mine so won’t be closing as will get a paltry interest rate
Raise a complaint and ask them to close and cite lots of other saving institutions who allow this, closing without penalty and opening the higher rate (or just applying the higher rate) to their current RS holders.
First Direct are supposed to be a bit better aren't they? That's what they keep telling us.- sorry - you can't make partial withdrawals. If you close your account before the end of the 12 month period, we'll only pay you interest at our standard Savings Account variable rate
You can close it - but you would lose the 1% on the sums invested for 10 months which I presume is typistretired's concern. If the 3.5% RS account is still around in 2 months they will be free to open it.
The terms have been clear on a number of other RS that have had their rates increased from other institutions.
But they've waived these terms and either let savers close without detriment or raise the rate on their 'fixed' existing account.
I'd expect a company that espoused how good they were to do likewise.
Maybe we have different expectations of 'walking the walk'.
Anyway I've taken this thread off thread enough now...
Can you name a 1 year fixed rate regular saver provider where terms either state no withdrawals or if a withdrawal gets made/account closed will be paid at .xxx.... rate who has waived these terms and either let savers close without detriment or raise the rate on their 'fixed' existing account.?3 -
You could just reduce your SO to the minimum payment which is £25 I think and wait till the 12 months is up.1
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Newly_retired said:You could just reduce your SO to the minimum payment which is £25 I think and wait till the 12 months is up.1
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I am sure we all hope so!0
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I have been with first direct since launch they used to pay a interest on the account but they stated some blub about wanting to give better etc etc thinking about switching them off as my nominal account"Look after your pennies and your pounds will look after themselves"0
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typistretired said:I have been with first direct since launch they used to pay a interest on the account but they stated some blub about wanting to give better etc etc thinking about switching them off as my nominal account
23 years with them.
I have multiple accounts with other banks, just for switching from time to time.
The only one that comes close is Chase, interest, Cashback and support are good.
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