(Nothing to do with) Selsdon Wood Nature Reserve

Afternoon all.

For those of you looking to put away some cash a little bit each month I’ve noticed that first direct are currently offering an 8% AER rate if you open a Regular Saver account and pay in between £25 and £300 per month. No idea how that compares with other regular saver accounts out there (I’m sure moneysupermarket and the like will tell you), but it seems to be a decent rate at the moment. I think you need to have another account with first direct as well, but check out the website for details. (No, I am not on commission!)

Good luck

Chancellor Stroydont

Published in: on 21/11/2010 at 1:29 pm  Comments (5)  
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5 CommentsLeave a comment

  1. Interesting tip, thanks. Note from Mr Low: be aware it is likely that you will only earn 12 months interest on your first payment, 11 on the next etc, leading to an annualised return closer to say 5% (note that I have not checked the Ts and Cs) and that the 8% rate lasts for 12 months only, at which point the bank probably hopes you won’t bother moving your money as it pays you a paltry interest rate from then on. Not saying avoid, but approach with caution 🙂

  2. I’m not convinced that this post has the right title.

    • I’m not convinced either and I wrote it! But then, we can all edit each others’ posts so I guess there has been foul play : ) Maybe I put it in the wrong place?

      • In the blog’s dashboard it says something about “Default Title”. Maybe you left it blank and someone has set up that as the standard?

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