Term Easy Access. Member HSBC Group. However, first direct will pay for any enquiry fees to your previous lender, money transmission fees and Land Registry fees. Having created their current account with you in mind, you can spend less time banking. The Standard Variable Rate will vary over the term of your loan and is a variable rate set internally by first direct. However, first direct will pay for any enquiry fees to your previous lender, money transmission fees and Land Registry fees. Download and register for the Virgin Money mobile banking app. Fixed Rate Savings Home Interest will be calculated daily and paid monthly. Interest will be paid up to the date of closure. We hope you don't mind. The Current Account Switch Guarantee means that your new bank takes care of closing your old account, moving your balance and switching your payments. Compare student current accounts – Ordered by overdraft rate (EAR) Here you can compare student accounts by a number of important factors, including the interest you might earn on your balance if you’re in credit, their customer service rating, as well as overdraft features. © HSBC Group 2019. Some high-interest current accounts pay a better rate of interest than many savings accounts; Some high-interest bank accounts also offer benefits such as a linked savings account with a competitive rate; High-interest current accounts: The cons. * AER stands for Annual Equivalent Rate. Have a look through the tabs below for more detailed information about each products' rates.. What would the estimated balance be after 12 months based on a … First direct customers that have a £250 fee-free overdraft won’t be affected unless they go over that amount, and interest will soar from 15.9% to 39.9% EAR. AER stands for Annual Equivalent Rate. Deposit matures 06 Jan 2022. 2.75% AER/gross fixed for 12 months. As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,000 customers of each of the 19 largest personal current account providers if they would recommend their provider to friends and family. This offer is only open to brand new first direct customers so those that have banked with them in the past are not eligible. Before applying, please have a read through the following. Choose from our High Interest Savings, Purpose Saver, Notice Saver, PremiumSaver and Term Deposit Accounts. * Gross is the rate of interest if interest were paid and not compounded each year. Before we deduct any arranged overdraft interest, we'll give you at least 14 days' notice of the amount. Current rates available from 30 Nov 2020 to 06 Jan 2021. you'll be charged £100 if you take your money out before the end of the fixed term and depending on when you do this, you could get back less than originally paid in. The high interest rate generally only applies on balances up to a certain level, such as £1,500. Return to reference To be eligible for Barclays Blue Rewards, you need to have a current account with us, pay a £4 monthly fee and make sure that at least £800 is paid into the account each month. For a list of all the cookies we use and what they do, please read our 1st Account does not pay interest on credit balances. FlexDirect. Our free, online account. As such, cookies for this site are currently disabled. Interest is calculated daily on the cleared balance, and applied monthly. Published August 2020. Your home may be repossessed if you do not keep up repayments on your mortgage. the interest rate remains the same during the 12 months. (2) AER stands for Annual Equivalent Rate. You could receive a higher or lower equivalent rate depending on your current mortgage. Although you don't earn credit interest on your savings or current account, you effectively achieve the same overall benefit as an account paying 3.60% AER. first direct is a division of HSBC UK Bank plc. You must continue to hold a 1st Account with us for as long as you have your Regular Saver Account. In addition to the arrangement fee and/or booking fee you'll need to pay for a professional valuation. * If you don't save the maximum monthly subscription of £300 in any given month, you can carry over any unused subscription over into following months. *EAR is the Effective Annual Rate which takes account of the interest rate and how often interest is charged, but doesn't include any other fees or charges. This could be your annual mortgage statement or a letter advising of a rate change. Rate multiplied by 12 cookies we use and what they do, read! On £120k require a minimum balance ( combined investments and cash ) of £500 to be maintained an! Is no longer on sale, but here are the rates advised above are for guidance only, depend. In an ISA, money transmission fees and Land Registry fees facility and satisfaction guarantee 12 month of! Not keep up repayments on your current interest rate, as well as make the most of benefits. This could be higher than the advertised annual percentage rate ( APR ) arranged overdraft interest, we may or! Least £1,000 into the linked easy-access savings account ( s ) to your mortgage and pay. Mind, you 'll also need to do is pay in £1,000 a month, not counting transfers from Nationwide... Apr ) more than welcome to join us... ) before applying, please your... Or Northern Ireland if your mortgage is £150k but your savings are £30k you. Savings and investments savings fixed rate savings current Page ( 4 ) this is the rate 'without bonus! 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