first direct ups its short term savings game - Savings - News - Moneyfacts


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

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 It is now over 6 months old so the content may be out of date.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.

Find the best savings rates for you - Compare savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Savings rates plummet to fresh lows yet again

It’s becoming a recurring theme, and unfortunately, it’s showing no signs of stopping. Savings rates have plummeted to fresh lows once again as the impact of the base rate cut continues – and this month, product availability has followed.

Less than half of savings accounts beat inflation

Official figures show that inflation jumped up during September, with CPI rising to 1%. Not only does this mean that consumers may begin to feel the impact on their wallets, but there are now far fewer savings accounts that will beat inflation.

Number of savings accounts falls to record low

As if the continued drop in savings rates wasn’t bad enough, our latest research reveals another blow to already hard-pressed savers, with the number of accounts available having fallen to a record low.