HSBC 7% Regular Saver

friolento

Mark_d said:

If you pay in £250 per month then at 7% interest you'd have £3116 by the end of month 12.

if you pay in £3000 into a 4% savings account then you'd have £3120 by the end of month 12.

Please familiarise yourself with Drip Feeding of Regular Savers

simonsmithsays

Mark_d said:

If you pay in £250 per month then at 7% interest you'd have £3116 by the end of month 12.

if you pay in £3000 into a 4% savings account then you'd have £3120 by the end of month 12.

To save your blushes though Mark I've had managers of Nottingham BS and Virgin Bank both not understanding such a basic error

I.e. that the missing £2750 (month one) is also being saved in accounts well in excess 6% other RS accounts.

surreysaver

Mark_d said:

If you pay in £250 per month then at 7% interest you'd have £3116 by the end of month 12.

if you pay in £3000 into a 4% savings account then you'd have £3120 by the end of month 12.

But you wouldn't have £3k in the HSBC account at the beginning. Combine the two and you'll have more than either 

jaypers

Really wanted the HSBC RS so applied for their standard bank account on Monday…..already have a credit card with them. Said at the end of the application that it could take 10 days. Not received an email, no hard search showing on my credit file, no email or communication…..all seems a bit odd. 

wmb194

jaypers said:

Really wanted the HSBC RS so applied for their standard bank account on Monday…..already have a credit card with them. Said at the end of the application that it could take 10 days. Not received an email, no hard search showing on my credit file, no email or communication…..all seems a bit odd. 

Patience. HSBC's known to be slow and for not being very loquacious.

gravel_2

Don't know if it's still the case but HSBC were also prone to reject people from the Advance account due to income.

jaypers

gravel_2 said:

Don't know if it's still the case but HSBC were also prone to reject people from the Advance account due to income.

Applied for the standard account and either way income not an issue and have a perfect credit rating. 

Middle_of_the_Road

jaypers said:

Really wanted the HSBC RS so applied for their standard bank account on Monday…..already have a credit card with them. Said at the end of the application that it could take 10 days. Not received an email, no hard search showing on my credit file, no email or communication…..all seems a bit odd. 

Had the same experience as you, although a hard search is showing up. 
I didn't ask for, but accepted the 1k overdraft they offered.

steven141

This seems to have disappeared  I was planning on opening this. 

surreysaver

steven141 said:

This seems to have disappeared  I was planning on opening this. 

Disappeared about a week ago