6% First Direct savings account coming to an end; can I open another?

A question about : 6% First Direct savings account coming to an end; can I open another?

Hi all

My 6% First Direct savings account has reached maturity and I've received the interest payment. If I want to open another account to achieve the same 6% interest rate for the next year, how do I go about doing this? I understand I can only have one of these accounts at a time, so does that mean I have to withdraw the funds and close the account and then setup a new one?

Many thanks

M.

Best answers:

• Once the account matures into one of their normal savings accounts, you'll be able to apply for another.
• yes, unless they pull the deal. im into my third HSBC-version. will probably go again if they're still paying 6% in June/July. the 8% was even sweeter though
• You can use the money on maturity day via phone only. It takes a couple of days for the money to show up online. I rang up on maturity day, and moved the money to different accounts (Ј300 moved to the current account for the first payment of the new reg saver) and set up a new reg saver account (the money never touched the 0.5% saver account or whatever it's called), this year's account's SO date is exactly the same as last year's.
  Also note that you cannot ring up a few days before and set up a new account in advanced. Either ring up on maturity day to transfer money and set up a new reg saver or wait until it shows online a couple of days later.