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first direct ups its short term savings game

first direct ups its short term savings game

Category: Savings

Updated: 02/09/2010
First Published: 02/09/2010

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
first direct has upped its short term savings game by increasing the rate paid on its one year bond.

Its fixed term telephone operated account matures on 30 September 2011, with a minimum investment of £2K paying 2.80%. Earlier access is permitted on closure only and is subject to a £100 charge.

Further additions are not allowed but further bonds can be opened whilst the issue remains available, while a maximum investment cap of £49,999 is in place.

Clients must hold another first direct account other than an ISA or Regular Saver and must maintain the account for the term.

Four out of five Moneyfacts stars have been awarded.

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