Regular Saver - first direct

Regular Saver

first direct
5 % AER
Headline Interest Rate
Regular Saver
FSCS
Compensation Scheme
£ 25 min monthly deposit
£ 300 max monthly deposit
  • Open By:
High interest rate
Need a current account to open

About the account

Account Type: Regular Saver
Headline Interest Rate: 5 % AER
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 25
Minimum Monthly Deposit: £ 25
Minimum Additional Deposit: £ 25
Maximum Monthly Deposit: £ 300
What happens if you miss a payment: If a payment is missed the account will be closed and funds will be transferred into an instant access account paying a lower rate of interest.
Date account was introduced: 07 Mar 2013
Date of last rate changed: 07 Mar 2013
Maximum rate change: -1 %

This account may be appropriate for you if

  • You are happy not withdrawing funds before the end of the term
  • You are over 18 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£255.00%5.00%5.00%

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: maturity
Statement Frequency: maturity
Additional Deposits: Not allowed
Standing Orders: Allowed

Withdrawals

Withdrawal Conditions: No withdrawals permitted during term of account.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: No withdrawals permitted during term of account.
Transferred on Maturity: On the anniversary of the date the Regular Saver Account was opened the account will cease to be a Regular Saver Account. If the customer has one of the following accounts then the money and any accrued interest will be transferred to that account: - Everyday e-Saver - Savings Account. If both of the above accounts are held then the money will be transferred to the account which pays the highest rate of interest. Otherwise the account will be converted to a new Savings Account.

Conditions

Existing Customer: Customers must have an existing current account upon account opening.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

Moneywise Best Buys

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Customer ratings