Section: Savings.
Savings home page
Cash ISA
Whether you're saving towards a particular goal or purchase, our Cash ISA, which pays up to 3.00% AER (2.96% tax-free) variable, is a simple and tax free way to save.
- tax free interest
- instant access by transfer to another first direct account
- transfers from other providers welcome
- earn 3.00% AER (2.96% tax-free) variable on balances of £40,000 and over
- interest is calculated daily and applied monthly
- save from a minimum of £1, up to £5,640 per tax year.
Regular Saver
Have a holiday or special event on the horizon? Remove that temptation to spend and save a regular amount each month for 12 months for our very best savings rate - 8.00% AER/gross.
- save from a minimum of £25 up to a maximum of £300 each month, up to £3,600 per year
- 8.00% AER/gross fixed for 12 months
- interest is calculated daily and paid on the 12 month anniversary after account opening
- no withdrawals, unless account closed before end of 12 months term.
Everyday
e-Saver
Savings elsewhere? Transfer them to us to get an extra 1.00% boost with our Savings Balance Transfer offer.
- 0.25% AER/gross variable
- instant access by transfer to another first direct account
- 1.00% AER/gross bonus interest for 12 months on new balances
- interest is calculated daily and applied monthly
- open from as little as £1 and there are absolutely no limits to how much you can save.
Offset Savings
Put your savings to work for you with first direct's offset Mortgage. You can offset your savings and 1st Account balances against your mortgage - saving you more on your mortgage interest than you might earn in a typical savings account. It really is that simple - so find out how much you could be saving with our offset Mortgage Calculator.
Think carefully about securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Definitions
AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year.
Gross is the interest rate before the deduction of tax applicable to interest on savings accounts.
You may also be interested in
Our sweep facility allows you to save the money you don't spend each month - so you make the most of your finances. Subject to financial eligibility*.
Take your finances further with a range of easy to manage short and long term investment opportunities.
Buy and sell shares using our online Sharedealing Service - while making the most of your investments with your ISA allowance.
Visit the first direct lab - and have your say in our future products, services and ideas.
* Banking with first direct usually costs £10 a month, but we'll waive the fee if you pay in at least £1,500 to your 1st Account each month.
The value of most investments, and any income they generate, can go down as well as up, meaning you may not get back the full amount you invested.
first direct is a division of HSBC Bank plc. © HSBC Bank plc 2012. All Rights Reserved. Member HSBC 
Group.
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