First Direct Account
First Direct
Annual Equivalent Rate (AER)
7.00% AER
Monthly Fee
£0
Welcome Bonus
£175 cash bonus
Apply Now →on First Direct's website
Minimum Deposit:£1,000
Annual Equivalent Rate (AER):
7.00% AER
Welcome Bonus: £175 cash bonus
For switching to their 1st Account using the Current Account Switch Service.
Monthly Fee:
£0
Minimum Deposit:
£1,000
What sets this account apart is its impressive 7.00% AER on the Regular Saver account, which is available exclusively to 1st Account customers, making it a compelling choice for those looking to maximize their savings.
Pros:
- High interest rate on savings
- Cash incentive for switching
Cons:
- Overdraft subject to status
In conclusion, the First Direct Account is an excellent option for individuals seeking to enhance their savings with a competitive 7.00% AER and a generous welcome bonus, making it particularly well-suited for those who prioritize high-interest rates without incurring monthly fees. If you're looking for a straightforward and rewarding banking experience, this account is definitely worth considering.