![]() ![]() monthly deposits made on the 1st of each month.the interest rate remains the same during the 12 months.What would the estimated balance be after 12 months based on 12 monthly deposits of £25 and £300?įor the purpose of this calculation it is assumed:. No, once your account is opened the rate will remain fixed. Interest is fixed, is calculated daily and credited at the end of the 12 month fixed term.Ĭan first direct change the interest rate? Our interest rates are subject to change at any time so please bear in mind the rate you’ll get in a new Regular Saver might be different to the one that’s just matured. Will I get the same interest rate in a new Regular Saver? Once your money is showing in your sole Savings Account you can then apply for a new Regular Saver via our Mobile App or Online Banking. You’ll have to wait until the old one has closed and the processing work is complete which takes up to 5 days. If I decide to open a new Regular Saver, when can I do this? You’ll be able to see your money via our Mobile App and Online Banking once the account has closed and the processing work is complete. Don’t worry your money will still be earning interest while this is all happening. It can take up to 5 working days – it’s usually much quicker than this but if your maturity date falls just before or on a weekend it can take longer to complete the processing work. Your money will be automatically transferred to a Savings Account. If you don’t have a sole Savings Account, your Regular Saver will convert into a new sole Savings Account. What happens to my money when my Regular Saver matures? The maturity process can take up to 5 working days. When does my Regular Saver Account mature and when will I get the interest?Įxactly one year after you opened your Regular Saver Account interest will be added to the balance and the maturity process will begin. Yes, providing they don't already have one.įor at least the duration of the Regular Saver, you must hold a first direct 1st Account from which to make your monthly payments. I have a joint account, can my joint party open a Regular Saver? No, you can only have one Regular Saver at any one time even if you’re not saving the maximum allowance of £300 per month. we'll pay interest up to that day and you'll receive interest equivalent to our Savings Account variable rateĬan I apply for a new Regular Saver Account if I have one open already? You can access your money before then, but you'll have to close the account. Our Regular Saver Account is for 12 months so, as you'd expect, you can only withdraw your money after a year. The date of your standing order payment needs to remain the same once set up. ![]() You can change the amount of the monthly standing order between £25 and £300 (in multiples of £5) but you can only make one standing order payment to your account in any one month. To amend your standing order payment please chat with us via our App, Message Us via Online Banking or give us a call and we’ll be happy to help. You can view your account in our App and Online Banking. This will be followed by another 11 monthly payments which can only be made by standing order from your 1st Account (we will set this up for you). ![]() Your first payment will be taken from your 1st Account on the day we open your Regular Saver Account. How do I make payments into my regular saver? 1st Account customers can apply by downloading and logging on to our App and going to ‘Products’ or via Online Banking. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |