A savings account tailored to your needs.

This is an account designed especially for regular savers, which allows you to save what you want, when you want, and how you want. So if flexibility is important to you, then this account may fit the bill.

 

When you open an account in branch or online we will ask you for a regular savings instruction to debit between £10 to £500 per month from a First Trust Bank Select Account or Current Account. If you are a new customer or do not already have a suitable account, talk to us about how we can help.

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Features and benefits

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    Earn up to 2.75% Gross*/AER** variable interest on savings of between £10 and £500 per month for up to 12 months

    Receive a competitive variable Regular Saver Interest rate of 2.75% Gross*/AER** for your savings within the maximum monthly threshold.  Savings in excess of this threshold may attract a Standard Saver rate of 0.50% Gross*/AER** variable.

     

    Interest is calculated daily and paid annually in April.

     

    For more information about these thresholds, see the 'How does it work' section.

     

    *Gross stands for contractual rate of interest payable before the deduction of income tax at the rate specified by law.

    **AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

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    Access to your savings without penalty in-branch or online

    You can access your savings whenever you need them.

     

    Visit any First Trust Bank branch or alternatively use our Online or Mobile Banking to complete your day to day transactions such as transferring money, paying bills or checking your most recent transactions. 

     

    See our full range of Ways to Bank Options.

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    Add to your savings anytime without restriction

    You can add to your savings anytime by cash, cheque, standing order or electronic transfer.

     

    See the 'How does it work' section for a more detailed explanation on what interest rate will apply to additional lodgements.

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    Take a payment holiday if you require

    You can take a Payment Holiday for a nominated period of time. There is no penalty for stopping the monthly payment. Just let us know up until the day before it is due to leave your account.

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    Carry on saving in the account after 12 months

    You can continue to save to your Regular Saver Account. After 12 months a new annual Saver Period begins and the monthly threshold is reset, so why not talk to us at that stage about moving some of your money into another product e.g. First Trust Bank Cash ISA.

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    Open your account today

    • If you're registered for our Online Banking Service, simply open a new Regular Saver Account by selecting the 'Apply & Open' option.
    • Alternatively call into your nearest First Trust Bank branch or call us on 0345 6005 925† if you would prefer to make an appointment.
    • We will need to see proof of your identity and address (such as your passport, driving licence and a gas or electricity bill).  If you are not sure what proof we accept, click here or speak to a customer service adviser on 0345 6005 925.  
    • Complete and sign the relevant forms and we will do the rest.

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How does it work?

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    A more detailed explanation on how the account works

    • When you open the account we will ask you for a regular savings instruction to debit between £10 to £500 per month from a First Trust Bank Current or Select Account
     
    • Your savings will earn the Regular Saver Rate of interest up to a Maximum Monthly Threshold increasing by £500 per month, up to a Maximum Monthly Threshold of £6,000 in month 12.   In each month, any balances in the account that exceed the Maximum Monthly Threshold will earn the lower Standard Saver Rate of interest (please refer to the table below).

     

    • The Maximum Monthly Threshold reverts back to £500 and a new annual Saver Period will commence in month 13. The Maximum Monthly Threshold will be £500 for month one of the new period, increasing by £500 monthly as before.
     
    • You can still continue to save in your Regular Saver Account. Any balances previously saved will be included against the threshold allowances for the new annual Saver Period or, why not talk to us about moving some of your money into another product, e.g. First Trust Bank Cash ISA.

     

     

    How much interest do I get?

    How much interest do I get?
    † Interest is calculated daily and paid annually on the 1st working day in April. Interest rate is subject to change with at least two months notice given to customers.

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Regular Saver Account Summary Box

This summary box sets out key product features that apply to our Regular Saver Account. You should carefully read this document along with the Regular Saver Account Terms and Conditions to allow you make an informed decision as to whether this product is right for you.

 

to view the summary box in PDF format, please click below link

 

If you require this summary box in PDF format, please download here.

Talk to Us

We’re ready to help you start saving today.

 

Simply call us on 0345 6005 925 , or drop into any First Trust Bank branch. We’ll be happy to answer any questions you may have and help you find the right kind of savings account for you.

 

† Lines open: 9am to 5pm Monday - Friday (except on bank holidays). Calls may be recorded. Call charges may vary - refer to your service provider.

Help and guidance

 

Terms and conditions

View the Regular Saver account terms and conditions


Savings calculator

Find out how even the smallest amount of regular savings will add up

 

Deposit rates

Find out more about our deposit account rates

 

Help Centre
For all service related queries please visit our Help Centre.

 

Important information about taxation

Find out how we apply tax on savings in line with current legislation.

 

Financial Services Compensation Scheme

Check what protection the Financial Services Compensation Scheme offers you.

 

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