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FirstSave

Anyone know anything about this bank, i was looking at transferring some of my savings across, so i havent got over 35 with anyone bank,

cheers:beer:
Sam B

Comments

  • neilp
    neilp Posts: 210 Forumite
    I saw some good initial feedback on here, but don't know anyone who has one of these accounts. I know this is probably silly, but I am put off by the fact that it is a Nigerian bank, even though it is covered in the FSCS.
  • samuela66
    samuela66 Posts: 1,203 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    neilp wrote: »
    I saw some good initial feedback on here, but don't know anyone who has one of these accounts. I know this is probably silly, but I am put off by the fact that it is a Nigerian bank, even though it is covered in the FSCS.
    ...............

    ooer didnt know that!
    Sam B
  • I have just opened one and transferred my money by BACS from the Halifax, nervous three or four days till it appears in my account. Was very easy to open and the paperwork came through the post within a couple of days.
  • Parisian
    Parisian Posts: 410 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I just opened the account.
    The papers came through in a couple of days, and it is v. simple to manage... I actually like how simple their website is to use compared to some of the other savings accounts I have opened!

    The username is similar to my Bradford & Bingley account, are they linked in any way? Would be good to know for those who have more than 35k to save.
  • Meltdown_2
    Meltdown_2 Posts: 471 Forumite
    100 Posts
    Parisian wrote: »
    The username is similar to my Bradford & Bingley account, are they linked in any way? Would be good to know for those who have more than 35k to save.

    Not linked in the FSA/FSCS way - i.e. they are separate organisations.
    But a substantial number of 'overseas' or 'small' financial institutions make some use of the facilities of more major UK players - for a fee of course.
    There might be something to this effect in the very small print on any documentation you have.
    Imprudent granting of credit is bound to prove just as ruinous to a bank as to any other merchant.
    (Ludwig von Mises)

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