HSBC and First Direct drop Reg Savers to 1%

Personal Finance Bank Accounts
1

As widely expected . . . .

https://www1.firstdirect.com/savings-and-investments/savings/regular-saver-account/

The 2.75% have now gone.

Would not have appeared in Emma anyway as Savings Accounts not supported in Open Banking (per another thread)

1 Like
2

Eeesh it really does seem like savings accounts arenā€™t the best place for your money at the minuteā€¦ but if itā€™s not the right time to invest, what else can you really do with it??

2 Likes
3

And I am not an investor.

Raised to be careful with money and now it is so ingrained that the thought of risking hard earned capital makes it difficult for me to change.

S&S ISA next April may be my first venture.

May change my mind by then too though :rofl:

1 Like
4

Itā€™s always the right time to invest :partying_face: :moneybag:

Have you started investing @rebekah?

1 Like
5

I have a link to a 1.25% easy access saver if anyone wants to take advantage?

2 Likes
6

All the investing advice kinda suggests that to make the most out of investing you need to keep your money in there for at least five years. My whole saving history has been saving up for a couple of years for something big (a car, travelling around S.A, a house) spending it all, and then starting again haha, so itā€™s never seemed sensible to invest it!

Maybe Iā€™ve missed a trick all these years haha :joy:

1 Like
7

Whoā€™s that with, youā€™ve intrigued me?!

@rebekah is right, I think - investing long term is where you get a return, saving up for a ā€œgoalā€ is only short to medium term so it doesnā€™t make sense to me to risk investing as the potential for loss is too high.

Unless we are both doing it wrong?

8

Ah okay, that makes more sense.

Maybe it could be an idea to go for more short-term investments like peer-to-peer lending


9

Yeah maybe after Iā€™ve bought a house this could be something I look into! :raised_hands:

What type of investments do you have?

1 Like
10

After youā€™ve bought a house in London, youā€™ll have nothing left to invest :rofl:

Problem solved :grin:

1 Like
11

Ugh, donā€™t remind me!

I can start small though and work on building it month by month :sweat_smile:

2 Likes
12

Hereā€™s a start then . . .

Screenshot 2020-11-28 at 07.27.06
Screenshot 2020-11-28 at 07.27.06756Ɨ560 88.8 KB

Sorry. Couldnā€™t resist it :rofl:

1 Like
13

Still available if someone wants to take my referral!

14

Scary that the best savings rates now are coming from crypto :s

1 Like