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first direct sends fixed rate savers into raptures

first direct sends fixed rate savers into raptures

Category: Savings

Updated: 01/10/2010
First Published: 01/10/2010

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 It is now over 6 months old so the content may be out of date.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 sent savers into raptures by increasing the rate on its one year bond yet again.

At 3.00%, its fixed rate savings bond is paying a market leading rate and should prove popular with savers who prefer to handle their finances via the telephone.

The account does have the advantage of allowing savers early access to their funds if it is really required, although the bond will be closed and a £100 fee will be charged.

Savers will have to bear in mind that they must hold and maintain another first direct account during the term (excluding an ISA or Regular Saver).

However, four out of five Moneyfacts stars are still richly deserved.

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