Regular Saver
|
AER(1) |
Gross(2)% p.a. |
£25 - £300* per month fixed for 12 months |
5.00%AER(1) |
5.00%Gross(2)% p.a. |
* If you don't save the maximum monthly subscription of £300 in any given month, you can carry over any unused subscription over into following months. Regular Savers can save up to a maximum of £3600 a year into this account.
Interest is calculated daily and paid on the first anniversary of account opening.
Interest rates quoted are fixed for the full 12-month term.
You must continue to hold a 1st Account with us for as long as you have your Regular Saver Account.
Only one account per customer.
Cash ISA
Rates are variable.
Balance |
AER |
Tax free |
All BalancesBalance |
0.85%AER |
0.85%Tax free |
Bonus Savings Account
Interest will be calculated daily and paid monthly. Sole accounts only and one account per customer.
Rates are variable.
With monthly bonus
Balance |
AER(1) |
Gross(2)% p.a. |
under £25,000*Balance |
0.60%AER(1) |
0.60%Gross(2)% p.a. |
£25,000+*Balance |
0.30%AER(1) |
0.30%Gross(2)% p.a. |
Without monthly bonus
Balance |
AER(1) |
Gross(2)% p.a. |
under £25,000*Balance |
0.10%AER(1) |
0.10%Gross(2)% p.a. |
£25,000+*Balance |
0.10%AER(1) |
0.10%Gross(2)% p.a. |
If you have more than £25,000 in your Bonus Savings Account, we'll pay the lower rate of interest on the money above £25,000. For example, if £40,000 is held, in any calendar month where no withdrawal is made, we'll pay 0.60% on the first £25,000 and 0.30% on the remaining £15,000.
If no withdrawals are made from the account during a calendar month we'll pay the rate 'with monthly bonus'. If during a calendar month a withdrawal is made we'll pay the rate 'without monthly bonus'.
Fixed Rate Savings - February issue
Current rates available from 30 January 2019 to 27 February 2019. Deposit matures 28 February 2020.
Balance |
AER(1) |
Gross(2)% p.a. |
£2,000 - £49,999Balance |
0.65%AER(1) |
0.65%Gross(2)% p.a. |
£50,000+Balance |
0.75%AER(1) |
0.75%Gross(2)% p.a. |
Interest is paid at maturity. Multiple products can be opened, however please note that the interest rates quoted are per bond. This is a bond, which means you deposit a fixed amount of money for a fixed period at a fixed rate of interest.
Savings Account
Rates are variable.
Balance |
AER(1) |
Gross(2)% p.a. |
£1+Balance |
0.15%AER(1) |
0.15%Gross(2)% p.a. |
Offset Savings
Equivalent Credit Interest |
AER |
All credit balancesEquivalent Credit Interest |
4.27%AER |
Instead of receiving interest on your savings, your qualifying savings and current account balances are offset against your outstanding mortgage balance, so you only pay mortgage interest on the difference between the two.
Although you don't earn credit interest on your savings or current account, you effectively achieve the same overall benefit as an account paying 4.27% AER. You could receive a higher or lower equivalent rate depending on your current mortgage. This example is based on our standard variable rate.
Linked accounts could include 1st Account, Everyday Savings Account (no longer on sale) and Savings Account.
Linked Offset 1st Accounts and savings accounts.
Any debit balance on 1st Accounts or additional borrowing linked to your offset Mortgage will be secured against your property and charged the same rate of interest as your mortgage.
Other fees may apply:
If you're buying a property
In addition to any arrangement fee, you'll also need to pay for your legal and valuation costs.
If you're re-mortgaging a property in England or Wales
In addition to the arrangement fee and/or booking fee you'll need to pay for a professional valuation. However, first direct will pay for any enquiry fees to your previous lender, money transmission fees and Land Registry fees.
If you're re-mortgaging a property in Scotland or Northern Ireland
In addition to the arrangement fee and/or any booking fee you will need to pay for a professional valuation for both offset and Repayment Mortgages. However, first direct will pay for any enquiry fees to your previous lender, money transmission fees and Land Registry fees.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Everyday e-Saver
This product is no longer on sale, but here are the rates for information purposes. Note that they are variable.
Balance |
AER(1) |
Gross(2)% p.a. |
All balancesBalance |
0.25%AER(1) |
0.25%Gross(2)% p.a. |
Everyday Savings Account
This product is no longer on sale, but here are the rates for information purposes. Note that they are variable.
Balance |
AER(1) |
Gross(2)% p.a. |
£50,000 and overBalance |
0.25%AER(1) |
0.25%Gross(2)% p.a. |
£1 - £49,999Balance |
0.15%AER(1) |
0.15%Gross(2)% p.a. |
(1) AER stands for Annual Equivalent Rate. This shows you what the rate would be if interest were paid and compounded each year.
(2) All credit interest will be paid without tax being taken off (paid gross).
All credit interest is calculated daily and paid monthly unless stated otherwise.
The rates are correct as at 3 September 2018.
Bank of England Base Rate 0.75% p.a.