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Old 16-01-2021, 21:39   #21
cjanderson
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Quote:
Originally Posted by Arthur Fowler View Post
Is that an old account? Can't see anything near that for a regular saver now

It’s actually 2.5% paying. Have to have 123 to get it. Up to £200 per month


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Old 16-01-2021, 21:47   #22
Arthur Fowler
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Quote:
Originally Posted by cjanderson View Post
It’s actually 2.5% paying. Have to have 123 to get it. Up to £200 per month


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Only one I can see linked to 123 pays 0.5%. Perhaps yours is no longer on offer.
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Old 17-01-2021, 10:32   #23
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Actually you are right! I must have redone my regular saver with M&S or first direct then lol

Account gets downgraded Monday!


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Old 17-01-2021, 10:43   #24
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FD do have a regular saver account paying 3% but (a) you need to have an FD current account and (b) it has a max limit of £300pm
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Old 17-01-2021, 11:03   #25
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I actually have current accounts with anyone who has a good ref saver, so first direct and M&S. plus Santander. All just get paid money in on 1st, pay out regular saver, plus 1-2 direct debits then send rest money back on 15th.

Then use Barclays day to day.

I like making things complex (though really they just run along happily until once a year I have to set up a new reg saver and transfer the old one balance back)


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Old 17-01-2021, 11:35   #26
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I've got a 2.75 regular saver with HSBC which allows 250 per month but runs out in March.

I've made things super-complicated with feeding regular amounts into our two kids Help to Buy ISAs. Managing a small inheritance they got on their behalf. 3 accounts for each of them just to try to maximise the interest. It's a bit complicated!
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Old 17-01-2021, 12:13   #27
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If I do have a hsbc student account (to get £100) so can try and get a refund saver off that too.


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Old 19-01-2021, 20:28   #28
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Quote:
Originally Posted by GregB View Post
Yeah, think I'll drop to the lite account. I can then switch if and when a decent switch freebie appears.
There have been a few switch rewards lately but you may have missed them now. Lloyds, RBS, NatWest, Ulster and Metro had offers.

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Old 19-01-2021, 20:40   #29
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I switched mine yesterday and got email saying it was lite today so nice and easy


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Old 25-01-2021, 08:53   #30
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Wow, the most you can earn interest now on the main 123 is 99p a month.
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Old 25-01-2021, 09:21   #31
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Max is month is £5 by my calcs.

I see they are also reducing the fee to £4 but still not worth it for me.
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Old 25-01-2021, 14:24   #32
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Max is month is £5 by my calcs.

I see they are also reducing the fee to £4 but still not worth it for me.
Yeah, £4.99 and then £4 removed for the fee, so 99p. And more wow. Just done the maths; you need to have £16k in your account to break even.
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Old 27-01-2021, 16:02   #33
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I've just changed to a Halifax Reward Current Account, no fee if you pay in £1500 a month.

If you use a debit card for £500 a month or keep £5000 in it, you can get a fiver a month, which isn't too shabby or you can claim another reward which isn't cash, movie rentals and cinema tickets.

Paying my AMEX bill seems to count as a debit card transaction, so basically free money for me. If you did the £5k option, works out at about 2.4% interest.
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Old 27-01-2021, 16:13   #34
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That is 1.2% but still better than most savings accounts
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Old 18-02-2021, 12:10   #35
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Quote:
Originally Posted by CrumpetMan View Post
There have been a few switch rewards lately but you may have missed them now. Lloyds, RBS, NatWest, Ulster and Metro had offers.
Switch rewards have started appearing again.

Best is £125 with HSBC but the pay in and DD requirements are a bit hefty for my needs.

Virgin Money has wine, which is no use to me.

I'll probably go with the £100 at First Direct as you only have to pay in £1000 in the first 3 months and there are no DD requirements.
They also have a 1% easy saver.

I'll then shift my reward earning DDs elsewhere. Just found out that I can top up my Bulb energy account with Amex so I'll get my DD down as low as it can go and just top up each month so Ican pick up Avios along the way.
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Old 18-02-2021, 12:42   #36
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HSBC offer is good but I have already had that previously and don't think I am eligible again. Same for First Direct.

Virgin one I have gone for, don't like wine but it's free and will gift the bottles over time.

To meet the deposit requirements of HSBC you can cycle the money, i.e. £250 in and out 7 times a month, you don't need £1750 to deposit in one go.

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Old 18-02-2021, 13:08   #37
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... and will gift the bottles over time.
... with the added bonus that they will age and get more valuable !
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Old 18-02-2021, 14:57   #38
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Quote:
Originally Posted by CrumpetMan View Post
HSBC offer is good but I have already had that previously and don't think I am eligible again. Same for First Direct.

Virgin one I have gone for, don't like wine but it's free and will gift the bottles over time.

To meet the deposit requirements of HSBC you can cycle the money, i.e. £250 in and out 7 times a month, you don't need £1750 to deposit in one go.
Cheers. Might go with that instead then, although the customer service at First Direct is meant to be miles better.

I'll ponder until I have time to get the process going
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