First Direct Bonus Savings Account
Compare the First Direct Bonus Savings Account with the UK's best savings, including savings details, application criteria, introductory rates, rates, managing account and fees & charges.
 |  Compare First Direct Bonus Savings Account details directly with other savings or compare savings using our savings comparison tables. | ||
| Company: | First Direct www.firstdirect.com | ||
| Product: | Bonus Savings Account | ||
| Apply via this site: | Not available | ||
| Savings Details | |||
 Account Type: | Instant Access | ||
| Rate Type: | The type of interest rate is variable. | ||
| Headline Interest Rate: | The headline interest rate is 1.50% AER. | ||
| Application Criteria | |||
| Existing Customer Only: | No | ||
| Minimum Age: | The minimum age is 18 years. | ||
| Area Restrictions: | There are no area restrictions | ||
| Minimum Investment: | The minimum investment is £3000. | ||
| Maximum Investment: | Unlimited | ||
| Minimum Balance: | The minimum balance is £3000. | ||
| Open to UK Residents: | This product is available to UK residents. | ||
| Introductory Rates | |||
| Introductory Bonus: | No introductory bonus payable. | ||
| Incentives Offered: | There are no free gifts or incentives offered with this account. | ||
| Rates | |||
| Tax Free: | This product is not tax free. | ||
| Open-ended Bonus: | A bonus of 1.15% is payable. | ||
| Bonus Payment Conditions: | Bonus Conditions The rates include a bonus of 1.15% is payable if no withdrawals are made from the account during a calendar month. If during a calendar month a withdrawal is made the bonus will not be paid. If the balance of the account is £500,000 or more no bonus is payable. | ||
| Rate Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £3,000 1.24% 1.24% 1.25% £100,000 1.29% 1.29% 1.30% £250,000 1.49% 1.49% 1.50% | ||
| Interest Payment Freq: | Interest is paid monthly. | ||
| Managing Account | |||
| Instant: | This is an instant access account. | ||
| Passbook: | A passbook is not provided when this account is opened. | ||
| Transactions at Branch: | Transactions cannot be made at a branch. | ||
| Statement Frequency: | Statements are issued annually. | ||
| Transactions by Phone: | Transactions can be made by telephone. | ||
| Transactions by Internet: | Transactions can be carried out via the internet. | ||
| Transactions by Post: | Transactions can be made by post. | ||
| Special Access: | A bonus of 2.00% is payable if no withdrawals are made from the account during a calendar month. | ||
| Withdrawal Conditions: | Withdrawal Conditions - A bonus of 2.00% is payable if no withdrawals are made from the account during a calendar month. If during a calendar month a withdrawal is made the bonus will not be paid. | ||
| Fees & Charges | |||
| Penalty on all Wdls: | There is a penalty on all withdrawals. | ||
| Compare | |||
| Products: | www.firstdirect.com Savings | ||
