- 5.00% AER/gross fixed for 12 months
- start saving between £25 and £300 in the first month from your 1st Account
- then make regular payments every month for the next 11 months, by standing order only, of at least £25 up to the maximum monthly balance, which starts at £300 in month 1. The maximum balance increases by £300 each month thereafter.
- change your payment amount any time to suit your circumstances - you can pay in £5 increments from £25, providing your monthly balance doesn't exceed the 'maximum monthly balance'
- no partial withdrawals are permitted in the first 12 months. If you need to access your money, in the initial 12 months you can close the account, but you will only receive interest at our standard variable Savings Account rate for the period your Regular Saver was open.
- savings can only be paid by standing order from your first direct 1st Account for 12 months
- interest is calculated daily and is paid on the anniversary of account opening
- the account is available in sole name only and only one account is allowed per person.
- after 12 months, your savings balance and credit interest are transferred automatically to either an Everyday e-Saver or Savings Account in your name.
AER: The Annual Equivalent Rate is the notional rate which illustrates what the gross rate would be if interest was paid and compounded each year.
Gross: The interest rate before the deduction of tax applicable to interest on savings.
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