The Top Fixed Interest Savings Discussion Area

t1redmonkey

moi said:

fabsaver said:

New table topping fixed rate bonds from FirstSave launched today.

1 year 6.10%
2 year 6.15%
3 year 5.95%

https://firstsave.co.uk/accounts/index.html

Does anyone have any experience with First Save? I've never heard of them. Their website looks a bit amateur.

In the About Us section it mentions they're part of FirstBank UK Limited.  If you then go on FirstBank UK's website, it mentions they are "a wholly owned subsidiary of the First Bank of Nigeria Limited (FBNL), an African bank with a rich heritage, established in 1894 as the first banking institution in Nigeria."

Ifts

moi said:

fabsaver said:

New table topping fixed rate bonds from FirstSave launched today.

1 year 6.10%
2 year 6.15%
3 year 5.95%

https://firstsave.co.uk/accounts/index.html

Does anyone have any experience with First Save? I've never heard of them. Their website looks a bit amateur.

Yes I have used FirstSave in the past, like another user said they used to offer table topping rates then.
And I would have no problem using them again if i had a need to do so.

I did take out a few fixes with them a long time ago, and all was ok, i got the money back at the end of the fixed term! 

trickydicky14

Can anyone help please, I have opened a fixed term account with Raisin but not funded it. I have now found something better, If I just don't fund it will it just drop off after 60 days. And in the mean time, can I open another account with Raisin from a different provider.







r

Sea_Shell

trickydicky14 said:

Can anyone help please, I have opened a fixed term account with Raisin but not funded it. I have now found something better, If I just don't fund it will it just drop off after 60 days. And in the mean time, can I open another account with Raisin from a different provider.







r

Yes, if you fail to fund it, it will eventually get dropped (when the funding window closes), however, if you want to choose another offering from them before then (or have other funds maturing) you'll need to actually cancel it, as otherwise it could auto-fund when money hits the holding account.

You can have multiple applications pending, but if you transfer in say £3000 you don't get to pick which one gets funded.  As soon as there is enough funds to fund either of them, it will get auto-funded. 

eg, you have 2 accounts pending.   One at £1000 and one at £3000.   You transfer in £3000.  £1000 will go to open the £1k one (regardless of WHEN you applied), and leave £2000 in your holding account.  The second won't open until you pay in another £1000.

   

So you need to make sure you only have pending, those accounts that you really want to fund.  

IME it's best to cancel any unwanted applications, just to be sure.

Doctor_Who

trickydicky14 said:

Can anyone help please, I have opened a fixed term account with Raisin but not funded it. I have now found something better, If I just don't fund it will it just drop off after 60 days. And in the mean time, can I open another account with Raisin from a different provider.

r

I've always opened and immediately funded accounts with Raisin, but have wondered what would happen if I decided not to proceed with the first account and opened a second account. Having seen how Raisin works, my guess is that Sea_Shell is correct. After opening an account and transferring the total amount pledged to the holding account (can be multiple transfers) you have no further input since the funds automatically get transferred to the account you are opening. If you have two accounts opening then I don't think you get to choose which gets funded first, but I've never tried this. Best to cancel the account you no longer want to fund, I think this can be done online, or you can secure message them.

trickydicky14

Sea_Shell said:

trickydicky14 said:

Can anyone help please, I have opened a fixed term account with Raisin but not funded it. I have now found something better, If I just don't fund it will it just drop off after 60 days. And in the mean time, can I open another account with Raisin from a different provider.







r

Yes, if you fail to fund it, it will eventually get dropped (when the funding window closes), however, if you want to choose another offering from them before then (or have other funds maturing) you'll need to actually cancel it, as otherwise it could auto-fund when money hits the holding account.

You can have multiple applications pending, but if you transfer in say £3000 you don't get to pick which one gets funded.  As soon as there is enough funds to fund either of them, it will get auto-funded. 

eg, you have 2 accounts pending.   One at £1000 and one at £3000.   You transfer in £3000.  £1000 will go to open the £1k one (regardless of WHEN you applied), and leave £2000 in your holding account.  The second won't open until you pay in another £1000.

   

So you need to make sure you only have pending, those accounts that you really want to fund.  

IME it's best to cancel any unwanted applications, just to be sure.

Thank you for that, am I correct in saying you can't cancel on line? would I have to ring or message them.

Sea_Shell

trickydicky14 said:

Sea_Shell said:

trickydicky14 said:

Can anyone help please, I have opened a fixed term account with Raisin but not funded it. I have now found something better, If I just don't fund it will it just drop off after 60 days. And in the mean time, can I open another account with Raisin from a different provider.







r

Yes, if you fail to fund it, it will eventually get dropped (when the funding window closes), however, if you want to choose another offering from them before then (or have other funds maturing) you'll need to actually cancel it, as otherwise it could auto-fund when money hits the holding account.

You can have multiple applications pending, but if you transfer in say £3000 you don't get to pick which one gets funded.  As soon as there is enough funds to fund either of them, it will get auto-funded. 

eg, you have 2 accounts pending.   One at £1000 and one at £3000.   You transfer in £3000.  £1000 will go to open the £1k one (regardless of WHEN you applied), and leave £2000 in your holding account.  The second won't open until you pay in another £1000.

   

So you need to make sure you only have pending, those accounts that you really want to fund.  

IME it's best to cancel any unwanted applications, just to be sure.

Thank you for that, am I correct in saying you can't cancel on line? would I have to ring or message them.

It can all be done online.   Just go to pending accounts* and click cancel.   Simples!!  (i've done it many times)


They should show at the top of the list of your fixed term accounts.   

*Pending first, then funded (current) and then matured, show in that order

alanjones60

necronom said:

Assuming that the Charter Savings Bank starts their Bonds again at a good rate, does anyone know if they are easy to set up for someone without photo ID?  Some banks are quick and easy, some need documentation posting (sometimes with a signature from someone like a teacher), and some just won't let me join.

I opened the 6.1% bond with charter on the 30th of june. No photo id needed. The whole process was flawless,and quick

SJMALBA

Shawbrook 1 Year @ 6% (5.84% monthly), 1k min.

https://www.shawbrook.co.uk/direct/savings/personal-savings/fixed-rate-bonds/1-year-fixed-rate/

fabsaver

moi said:

fabsaver said:

New table topping fixed rate bonds from FirstSave launched today.

1 year 6.10%
2 year 6.15%
3 year 5.95%

https://firstsave.co.uk/accounts/index.html

Does anyone have any experience with First Save? I've never heard of them. Their website looks a bit amateur.

I recently opened their 90 Day Notice account and no issues so far. All the documents (including the code to authorise nominated account) arrived very quickly and online account set up went smoothly. My initial deposit appeared online within a few hours.

They use the same IT systems and processes as several other banks and buildings societies (Newcastle Building Society, Charter Savings Bank, Ford Money, Gatehouse Bank, etc). If you have used any of those the FirstSave procedures will all seem familiar. Account admin operates at an address based in Newcastle.