We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
1st Direct regular saver maturity
Comments
-
I’m on my second regular saver with FD. When my first one matured it took well over a week to get my money transferred to my current account. I’ve now opened a saver account with a small amount in to speed up the process when this years saver matures in May.First Direct are definitely dinosaurs in the banking world as i also have various savings accounts with the likes of Atom etc. These accounts are setup instantly and on maturity date, they have already added interest and the money has landed into my nominated account, often before I’ve got up for work at 6am.0
-
I have the impression that there's someone at First Direct's office in Leeds whose job is processing maturing regular savers. Sometimes that person has a day off sick, so everyone has to wait an extra day to get their money...2
-
I just did the same - thanks for the hint. I've never had to open an account through robo chat before! What a strange and time consuming system.Andy724246 said:I’m on my second regular saver with FD. When my first one matured it took well over a week to get my money transferred to my current account. I’ve now opened a saver account with a small amount in to speed up the process when this years saver matures in May.1 -
They leave the account open, while it's only 2% and obviously you can get better rates elsewhere, it works out easy for me to put the money in there and pay it over to the current account each month the day before the SO goes out. I will probably dump the money in Kroo this time though and transfer direct as the interest is betterveggieblob said:
I just did the same - thanks for the hint. I've never had to open an account through robo chat before! What a strange and time consuming system.Andy724246 said:I’m on my second regular saver with FD. When my first one matured it took well over a week to get my money transferred to my current account. I’ve now opened a saver account with a small amount in to speed up the process when this years saver matures in May.Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards