First Direct 1st Account 2026 Review

Mika L.
Written by Mika L.
Financial Content Writer

First Direct 1st Account4.8/5

First Direct

Annual Equivalent Rate (AER)
7.00% AER
Monthly Fee
£0
Welcome Bonus
£200 switching bonus
Apply Now →on First Direct's website
Transaction limit:£250 interest-free overdraft
Minimum Deposit:null

Annual Equivalent Rate (AER):

7.00% AER

Welcome Bonus: £200 switching bonus

£175 standard switch incentive plus an extra £25 boost

Monthly Fee:

£0

Minimum Deposit:

null

Transaction Limits:

£250 interest-free overdraft

The First Direct 1st Account earns the #1 spot due to its fee-free structure and access to a highly competitive 7.00% AER Regular Saver account. It stands out as the top choice because it combines a generous switching bonus with an interest-free overdraft, making it an excellent option for those looking to maximize their banking benefits.

Pros:

  • Fee-free account
  • Access to high interest savings
  • Quick online application

Cons:

  • No interest on current account
  • Limited branch access
learn more about this bank account on First Direct's website →

In conclusion, the First Direct 1st Account is an ideal choice for individuals seeking a no-fee banking solution that offers competitive interest rates and attractive incentives, making it particularly suited for those who value both savings potential and financial flexibility. With its combination of a substantial welcome bonus and an interest-free overdraft, this account is designed to help users make the most of their finances.

Frequently Asked Questions

Related Guides