MSE News: First Direct doubles interest on regular saver to 7% – how to get the new rate

MSE_Petar

First Direct is doubling the interest rate on its regular savings account from 3.5% to 7% on Thursday 1 December. It's the highest rate we've seen on this type of account since 2012.

Read the full story:
'First Direct doubles interest on regular saver to 7% – here's how to get the new rate'

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t1redmonkey

I thought someone had resurrected an ancient thread from years ago for a second, didn't think we'd get a 7% account in 2022, very good news

london21

Wow can't wait for further details such as amount limit etc.

I am currently on Santander 2.75% looks like I shall be moving funds to First direct. 

just found it's 

(7% on £25-£300/mth for 1yr)

trickydicky14

It's great that FD are going to give the same rate to those who already have a RS as it is a fixed rate account. Well done FD.

SonOfPearl

I'm not going to open a FD current account just to get this regular saver, but it's nice to see some better rates popping up - perhaps others will follow. 

Sensory

Drip feeding from a 2.81% easy account results in annual interest equivalent to ~5.08%, higher than any one-year fix for £3,600.

Brewer21

Already got a regular saver with them, so another 5 months to go but at 7% 👍

cricidmuslibale

Brewer21 said:

Already got a regular saver with them, so another 5 months to go but at 7% 👍

It’s almost as pleasurable as a 7% ale 🍺 imho!

[Deleted User]

What with HSBC RS going to 5% and First Direct RS to 7%, it's just a pity that M and S Bank pulled out of doing current accounts and linked RS's. Back in the day, and not  too long ago, those 3 were a triumvirate of market-beating RS providers.

jaypers

Great news……half way through mine at 3.5%. Well done FD for increasing existing accounts. 

subjecttocontract

I only opened my reg saver with them last month.....great news.