![]() To amend your standing order payment please call us once opened you can view your account via Online Banking and through our App. ![]() if you don't pay in the maximum allowed in any month, you can carry over any unused subscriptions and catch up in future months.the maximum monthly deposit is £300 per month.the minimum monthly deposit is £25 per month.regular deposits must be made by standing order each month.the maximum balance is £3,600 at the end of the 12 month term.apply for an account using Online Banking or through our App.this account can only be opened in sole names.you must already hold a first direct 1st Account, our current account.Projection provided for illustrative purposes only and does not take into account individual circumstances. 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 Monthly depositsįor the purpose of this calculation it is assumed:. No, once your account is opened the rate will remain fixed. 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.Ĭan first direct change the interest rate? 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 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 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. If this happens we'll pay interest up to that day and you'll receive interest equivalent to our Savings Account or any account that replaces it.įor at least the duration of the Regular Saver, you must hold a first direct 1st Account from which to make your monthly payments. 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 the maximum monthly balance (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 call us. 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 (we will set this up for you). Your first payment will be taken from your 1st Account on the day you open your account. How do I make payments into my regular saver?
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