MSE News: First Direct doubles interest on regular saver to 7% – how to get the new rate

masonic

flaneurs_lobster said:

masonic said:

TheBanker said:

The posts earlier in this thread suggest it's also worth opening a Savings Account to avoid delays on maturity. I assume there's no problem opening a Savings Account with a £1 balance and just leaving it there? 

No need for a balance, and no problem waiting until nearer maturity to open.

Can't see any reference to a regular savings account in the app, is it available online?

I was able to apply via the Android app. It was there along with the various other products.

RG2015

flaneurs_lobster said:

masonic said:

TheBanker said:

The posts earlier in this thread suggest it's also worth opening a Savings Account to avoid delays on maturity. I assume there's no problem opening a Savings Account with a £1 balance and just leaving it there? 

No need for a balance, and no problem waiting until nearer maturity to open.

Can't see any reference to a regular savings account in the app, is it available online?

It is available online.

Edit: It is also on my app. Click on the three lines at the top of the home screen, left of Balances. Then click on products and you should see the regular saver.

flaneurs_lobster

RG2015 said:

flaneurs_lobster said:

masonic said:

TheBanker said:

The posts earlier in this thread suggest it's also worth opening a Savings Account to avoid delays on maturity. I assume there's no problem opening a Savings Account with a £1 balance and just leaving it there? 

No need for a balance, and no problem waiting until nearer maturity to open.

Can't see any reference to a regular savings account in the app, is it available online?

It is available online.

Edit: It is also on my app. Click on the three lines at the top of the home screen, left of Balances. Then click on products and you should see the regular saver.

Sorry, my bad. By "regular" I meant vanilla, easy access, rubbish interest rate savings account, not the 7% Regular Saver which I have.

gt94sss2

flaneurs_lobster said:

RG2015 said:

flaneurs_lobster said:

masonic said:

TheBanker said:

The posts earlier in this thread suggest it's also worth opening a Savings Account to avoid delays on maturity. I assume there's no problem opening a Savings Account with a £1 balance and just leaving it there? 

No need for a balance, and no problem waiting until nearer maturity to open.

Can't see any reference to a regular savings account in the app, is it available online?

It is available online.

Edit: It is also on my app. Click on the three lines at the top of the home screen, left of Balances. Then click on products and you should see the regular saver.

Sorry, my bad. By "regular" I meant vanilla, easy access, rubbish interest rate savings account, not the 7% Regular Saver which I have.

You can't open the easy access account online. It needs to be by phone.

A word of warning - that call will take a long time as FD will read out the t&c for you on the phone before opening the account 

Personally, and depending on how much you value your time, I wouldn't bother. Just allow your first RS to convert into a normal savings account automatically and then keep that open for future RS maturities.

PloughmansLunch

gt94sss2 said:

flaneurs_lobster said:

RG2015 said:

flaneurs_lobster said:

masonic said:

TheBanker said:

The posts earlier in this thread suggest it's also worth opening a Savings Account to avoid delays on maturity. I assume there's no problem opening a Savings Account with a £1 balance and just leaving it there? 

No need for a balance, and no problem waiting until nearer maturity to open.

Can't see any reference to a regular savings account in the app, is it available online?

It is available online.

Edit: It is also on my app. Click on the three lines at the top of the home screen, left of Balances. Then click on products and you should see the regular saver.

Sorry, my bad. By "regular" I meant vanilla, easy access, rubbish interest rate savings account, not the 7% Regular Saver which I have.

You can't open the easy access account online. It needs to be by phone.

A word of warning - that call will take a long time as FD will read out the t&c for you on the phone before opening the account 

Personally, and depending on how much you value your time, I wouldn't bother. Just allow your first RS to convert into a normal savings account automatically and then keep that open for future RS maturities.

You don’t have to phone - see my comment a few posts back. In-app chat takes hardly any time at all once you’re connected to an agent.