Protection
FSCS£120,000
Min balance
£1
Max balance
No limit
Access
Instant
Interest paid
Monthly
First Direct is also paying £210 to switch your current account. Offer ends 2 December 2026.
Rate Tiers
Up to £50,000 (no withdrawal)
3.35%AER
Bonus rate applies each month no withdrawal is made
Above £50,000 or withdrawal made
1.05%AER
Standard rate applies to balances above £50,000, or to the whole balance in any month a withdrawal is made
How It Stacks Up
Ranks 67th of 153
Easy access accounts we track
This account 3.35%
- UK CPI (Aug 2026)
- 3.10%
- Pays 0.25% more
- Average easy access
- 2.83%
- Pays 0.52% more
- Best easy access
- 5.00%
- Pays 1.65% less
Inflation: ONS. Averages and best rates: accounts on DepositScout.
A better-paying alternative
Tembo
HomeSaver
4.55%
AER
- Pays 1.20% more than this First Direct account
- Instant access, open with £10
We may earn a commission if you open this account.
A Good Fit For
- Pro: New and existing savers
- Pro: Savers who want instant access
- Pro: Savers who want a monthly income
Worth Weighing Up
- Con: The rate is variable, so it can go down
Good to Know
1st Account required
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