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Review of the first direct, Regular Saver Account:

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Great rate of interest but fixes period.

Great rate of interest but its a fixes period. The bank closes your regular savers account after 12 months and deposits the full amount saved + interest in your current account. You then have to open a new regular savers account and start from scratch again. It's still good as it's 7% but you don't benefit from cash build up and compound interest in subsequent years. The do tell you this from the start so not a complaint but need to keep in mind that it's just short term benefit. Reviewed on: 3rd January 2024

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