First Direct 1st Account
First Direct
Annual Equivalent Rate (AER)
7.00% AER
Monthly Fee
£0
Welcome Bonus
£175 for switching
Apply Now →on First Direct's website
Minimum Deposit:£1,000
Annual Equivalent Rate (AER):
7.00% AER
Welcome Bonus: £175 for switching
When you open a First Direct 1st Account and complete a full switch.
Monthly Fee:
£0
Minimum Deposit:
£1,000
First Direct is a standout choice for its exceptional savings rate of 7.00% AER on its Regular Saver account, available exclusively to account holders. The £175 switching bonus adds further incentive, making it a compelling option for new customers.
Pros:
- High interest rate on savings
- No monthly fee
Cons:
- Requires specific conditions for bonuses
- Limited branch access
Overall, the First Direct 1st Account is ideal for those seeking a high savings interest rate without any monthly fees, along with the added bonus of £175 for switching. This account is particularly well-suited for individuals who prioritize both savings growth and a rewarding banking experience.