Am I better off using a regular savings account, or an account that pays interest on full amount?

adindas

Depending on personal circumstance, Tax, the  amount of money involved.

For may people is to take advantage of  Both. Not either or

dllive

Hi guys. I applied to First Direct on the 15th Dec. Should I have expected something in the post by now - or even an email!?

DiamondLil

I applied on 4th Dec. and received the paperwork on Monday 19th. Postal service where I am is dire.

I called them on 16th and was assured that the account is open and relevant stuff posted out same day as the account was applied for.

I've called them twice and each time was put through immediately.

EarthBoy

alibean121 said:

Yes that’s a good plan. You can pay in once per calendar  month so £400 now then monthly on the first will get you the most interest possible.

You can pay in as many times as you like, as long as you don't exceed the monthly limit:

• Save £25 - £400 every month by one standing order or  bank transfer. This needs to reach your account before the 25th of the month. You can top up your savings by bank transfer as long as you don’t exceed the £400 monthly limit.

https://www.lloydsbank.com/savings/club-lloyds-monthly-saver.html

Stargunner

dllive said:

Hi guys. I applied to First Direct on the 15th Dec. Should I have expected something in the post by now - or even an email!?

I also applied on the 15th Dec via their app, 1st account and regular saver were set up the same day, and also funded. Had emails during set up. Nothing in the post yet, but to be expected with the postal strikes and I don’t need the debit card anyway.

Albermarle

dllive said:

Hi guys. I applied to First Direct on the 15th Dec. Should I have expected something in the post by now - or even an email!?

They stopped taking new applications for a couple of days, due to being overloaded with applications. Also existing current accounts have seen delays in opening the regular saver ( of varying lengths).