Is HSBC about to slash its regular saver to 1%? Fears sparked after customers sent wrong welcome packs
How to max out your regular savings interest
We’ve already been telling HSBC and First Direct current account customers who want to take advantage of the 2.75% regular savers to go quick in case the banks follow M&S Bank and cut their offers. And while HSBC hasn’t confirmed whether there will be a rate cut, these emails should be an extra nudge to get your skates on.
You’ll need a current account with the relevant bank to open a linked regular saver, and once open you can deposit £25-£250 a month with HSBC, or £25-£300 a month with First Direct. Both let you carry your allowance over, so if you don’t pay in the max each month, you can pay more in later. No withdrawals are allowed during the term and, after 12 months, your money will be transferred into an easy-access account with the relevant bank.
If you don’t have an HSBC or First Direct current account, we’re checking with the banks how long it would take to open a current account with them and then take out a regular saver. But in any event, you may be able to beat HSBC and First Direct’s current rate of 2.75% with a regular saver linked to a different bank.
For example, NatWest and RBS both pay 3.04% variable interest on their regular savings accounts, and let you deposit £1-£50 per month. Again, you’ll need a current account with the relevant bank to open a linked saver – and both banks currently have switching bonuses, of £125 for NatWest and £100 for RBS. We’ve full info in our Regular Savings Accounts guide.
Win $300 in Gift Cards! Enter Our Facebook Giveaway
If you’ve been wanting to try Nutrisystem (or could just use some extra money), now is your chance to win BIG! This November, we’re giving away $300 in Visa gift cards on Facebook to one lucky winner. Use them to try out a Nutrisystem plan,…
Run to the Finish Podcast 134
Podcast: Play in new window | Download Subscribe: Apple Podcasts | Google Podcasts | Stitcher | RSS Run Eat Repeat Podcast 134 with Run to the Finish’s Amanda Brooks. Get the notes on Run Eat Repeat.com Today I’m talking to Amanda from Run to the…
How to Cook a Delicious Turkey
Very few things instill as much anxiety in the hearts of home cooks as does cooking the traditional Thanksgiving bird. In recent years, there’s been a lot of talk about different and supposedly better ways of cooking your turkey. Deep-frying, brine, smoking, barbecuing. However, when…
Great Gift Ideas for Toddlers 2020
Blocks, Puzzles & Games There are tons of benefits that come from playing with blocks and puzzles. They promote imaginative play, creative expression, experimentation, problem solving, building an awareness of space and shapes, improving fine motor skills, etc. All this to say, a good puzzle…