How can I apply for a Regular Saver?
1st Account customers can apply by downloading and logging on to our App and going to ‘Products’ or via Online Banking.
How do I make payments into my Regular Saver?
We’ll take your first payment from your 1st Account on the day we open your Regular Saver. After that, your payments will be made by standing order from your 1st Account – don’t worry, we’ll set this up for you.
Your standing order payment date will need to remain the same once set up. You can only make one standing order payment each month. This means if your standing order is less than £300, you can’t make any additional payments. You’ll have to change your monthly standing order amount to pay in more or less in future months.
Can I change my payment amount and date?
To change your standing order payment, chat with us via our App, Message Us via Online Banking, or give us a call. You can change your standing order amount between £25 and £300 (in multiples of £5), but you’ll only be able to make one monthly payment. You can’t change your payment date – it needs to remain the same once set up.
How do I manage my account?
You can view and manage your account in our App and Online Banking. To change your standing order payment, chat with us via our App, Message Us via Online Banking, or give us a call.
Are there any charges?
No, none at all.
Can I make withdrawals?
No, you can only withdraw your money after 12 months. You can access your money before then, but you’ll have to close the account. If you close your account before the 12-month period ends, we’ll only pay you interest at our standard Savings Account variable rate.
Can I apply for a new Regular Saver Account if I have one open already?
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.
I have a joint account, can my joint party open a Regular Saver?
Yes, you can both hold one Regular Saver Account each.
Is there anything else I need to know?
You need to keep your 1st Account open for the 12 months you have your Regular Saver. This is so you can make the monthly standing order payments.
