First Direct Regular Saver Account
First Direct
Annual Equivalent Rate (AER)
7.00% AER/Gross
Monthly Fee
£0
Welcome Bonus
£175 switching bonus
Apply Now →on First Direct's website
Transaction limit:£25 to £300 each month
Minimum Deposit:£25
Annual Equivalent Rate (AER):
7.00% AER/Gross
Welcome Bonus: £175 switching bonus
Available when opening a 1st Account
Monthly Fee:
£0
Minimum Deposit:
£25
Transaction Limits:
£25 to £300 each month
What sets this account apart is its highly competitive fixed interest rate of 7.00% AER/Gross for 12 months, which is particularly attractive for disciplined savers. Additionally, the £175 switching bonus for new customers adds significant value, making it a compelling choice for those looking to switch banks.
Pros:
- High fixed interest rate
- No monthly fees
Cons:
- Requires a First Direct current account
In conclusion, the First Direct Regular Saver Account is an excellent option for disciplined savers seeking a high fixed interest rate of 7.00% AER/Gross, combined with a generous £175 switching bonus, making it especially suitable for those looking to maximize their savings while enjoying the benefits of switching banks.