Saving & banking

first direct 1st Account

  • £100 signup fee - and £100 if you choose to leave after six months*
  • First £250 overdraft is interest and fee free
  • Multi award winning customer service


Bank of England defies rate cut expectation: what it means for savers and borrowers

Thursday, 14 July 2016 | News

The Bank of England’s monetary policy committee has decided to hold the base rate at its record low of 0.5%, despite widespread market anticipation of a rate cut.

Savings update: deals slashed ahead of interest rate decision

Tuesday, 12 July 2016 | News

Banks are busy cutting rates on their fixed-rate deals ahead of Thursday's (14 July) meeting when the Bank of England will announce whether it will cut base rate from 0.5% to 0.25%.

Half a million first-time buyers sign up for Help to Buy Isas

Thursday, 07 July 2016 | News

Over half a million people have signed up for a Help to Buy Isa since the scheme launched in December, according to recent figures from the Treasury.

Savings update: interest rate cut will be bad news for savers

Monday, 04 July 2016 | News

Savers could face lower interest rates this summer. Last week Mark Carney, governor of the Bank of England, hinted that base rate could be cut from its current 0.5% to 0.25% in July or August.

Savings update: snap up top deals before Brexit hits rates

Tuesday, 28 June 2016 | News

Savers keen to snap up the top fixed rate on their money will need to act fast as the best deals are likely to be withdrawn imminently.

Cut in interest rates predicted post Brexit

Friday, 24 June 2016 | News

All the immediate predictions for UK interest rates following today’s historic Leave vote signalled a downward move.

Can I open a Help to Buy Isa and a cash Isa in the same year?

Tuesday, 21 June 2016 | Question and Answer

The key action to consider is whether you have actually paid into the Help to Buy (H2B) Isa in the current tax year.

Savings update: Tesco Bank ups Online Saver rate but RCI still top

Monday, 20 June 2016 | News

Tesco Bank has raised the rate on its Online Saver to 1.27% before tax (1.02% after tax) for new savers. The rate includes a bonus payable for the first year after which it drops to 0.75% (0.6%).

Bank of England maintains low interest rates in run up to referendum

Friday, 17 June 2016 | News

The Bank of England announced on Thursday (16 June) that it would keep interest rates at their current record low of 0.5%.

Savings update: Charter Savings Bank tops fixed-rate bond table

Monday, 13 June 2016 | News

Charter Savings Bank has launched a one-year fixed rate bond paying a top 1.66% before tax (1.33% after tax), available online. The next best deals come from French-owned RCI Bank at 1.65% (1.32%).