First Direct provide current account customers with the UK’s highest satisfaction rating.
When you switch to their 1st Account, you’ll get £100 for free provided you pay in at least £1,000 in the first three months.
There’s no account fee provided you pay in at least £1000 per month, maintain an average balance of that amount, or use one of their other financial products.
If you save between £25 and £300 a month for 12 months, you’ll earn 5% AER/gross on that amount.
You’ll also have access to First Direct’s 5% Regular Savings account, where you can deposit up to £300 per month for up to a year at this rate.
You can take advantage of their 24/7 banking through their mobile, phone, and online services.
You may be eligible for a £250 interest-free overdraft.
If you decide after six months you don’t like their service, you can get £100 for leaving, providing you meet their terms and conditions.
How long will this deal run?
The First Direct website currently doesn’t give an end date to this promotion. We expect this to be available for a little while at least.
Who it’s for?
This is a great deal if you can take full advantage of it. Provided you can pay in at least £1000 a month, you’ll not have to pay the £10 account fee, and you’ll receive the free £100 sign up bonus. The 5% on your savings is also a strong incentive if you think you’ll be in a position to do that. If you value excellent customer service, there are few better high-street banks at the moment.