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Everyday e-Saver Account

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Easy money

Savings couldn't be simpler than with our versatile Everyday e-Saver. Whether you're saving up for the latest gadget, a brand new wardrobe or just a rainy day, you can start saving from just £1, and you always have the option of instant, no-strings online access to your money whenever you like - making it perfect for combining with our sweep facility to help you save.

And if you've got savings held with another savings provider, then you can give them, and everything you save for 12 months, an extra 1.00% AER/gross boost with our Savings Balance Transfer offer. Terms and Conditions apply.

  • additional 1.00% bonus interest for 12 months on new balances. Make sure you call before you transfer new balances and we'll convert your account to our Savings Balance Transfer offer.
  • instant access by transfer to another first direct account
  • online access 24/7
  • automatically sweep money you don't spend each month from your 1st Account into your Everyday e-Saver.

 

Sweeping your savings together

If you want to save a little and often to build up your savings for that something special, you'll love our sweep facility. At the end of every month (or whenever you'd like, in fact) we'll automatically sweep any money you haven't spent from your 1st Account into your savings.

You can set up your Sweep by telephone or internet banking, and you can also set a date of the month for it to happen, and a minimum amount to keep in your 1st Account. Then we'll make sure your spare cash is moved into your Everyday e‑Saver. Most importantly, you're always in control - you say how much, you say when.

You'll be amazed at how your savings can grow.

 

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Everyday e-Saver at a glance

Our Everyday e-Saver is a flexible savings account. This information will give you a better idea of what's involved - though please make sure you read the Interest Rates and Charges and Terms and Conditions before you apply.

Our downloads are in a PDF format. To read them you'll need to have Adobe Reader 4.0™ or above. It's free and you can get Adobe Reader here.

 

Summary box and Key Product Information
Account name

Everyday e-Saver Account.
Interest rates

Interest is calculated daily and applied monthly.

One rate applies to all balances.

see our interest rates and charges information for full details
Tax status

Interest will be paid after the deduction of the basic rate of savings tax, currently 20%, unless you are eligible and have registered for non-taxable interest.
Conditions for bonus payment

No bonus payments on this account.
Withdrawal arrangements

Instant withdrawals can be made by transfer to another first direct account in your name. Transfers to other banks may take longer.
Access

This account can be applied for online or by telephone, but can only be managed online once it has been opened.

Savings Balance Transfer Terms and Conditions

At the end of the bonus interest rate period, your account will automatically revert to standard rates and your account number will remain the same. Your bonus is calculated on a daily basis on the money in your account above your 'Starting Balance' and will be paid into your account monthly, on the same date as your normal interest payments are received. The balance on your account is rounded down to the nearest £1 to calculate the 'Starting Balance' (e.g. if your balance as at the previous working day was £1,511.65, your starting balance for bonus interest will be £1,511). If your balance falls below your 'Starting Balance', no bonus interest will be earned until your balance goes over this amount again. The 'Starting Balance' is calculated as the balance of your account at the calendar day before you start to earn bonus interest.

If the account is closed within the 12 month period, bonus interest will not be paid for the month in which the account is closed.

 

Other things you should know

+Expand all
How much can I save?

You can open an Everyday e-Saver Account for as little as £1 and there are absolutely no limits to how much you can save.
How to manage my account

You can manage and move money to and from your account online, 24/7, whenever you want. It's easy, it's flexible, and it's also instant for internal transfers to and from your 1st Account. Transfers to accounts held elsewhere may take longer.
How to apply

You can apply online and by telephone.

If you are already a first direct customer call 08 456 100 100. If you are not a first direct customer call 0800 24 24 24
What else should I know?

Sole and joint savings accounts are available.

 

Savings Balance Transfer offer at a glance


Summary box and Key Product Information
Account Name

Everyday e-Saver Account 1% Savings Balance Transfer
Interest rates

Interest is calculated daily and applied monthly.

We will pay you a bonus interest rate of 1.00% AER above the variable Everyday e-Saver Account rate (currently 0.25% AER, 0.25% gross p.a.) that applies to your account for the next 12 months on any additional money paid into this account above the 'Starting Balance'. The 'Starting Balance' is calculated as the balance of your account as at the calendar day before you start to earn bonus interest.

Your bonus is calculated on a daily basis on the money in your account above your 'Starting Balance' and will be paid into your account monthly on the same date as your normal interest payments are received. The balance on your account is rounded down to the nearest £1 to calculate the 'Starting Balance' (e.g. if your balance as at the previous working day was £1,511.65, your starting balance for bonus interest will be £1,511).

If your balance falls below your 'Starting Balance', no bonus interest will be earned until your balance goes over this amount again.
Tax status

Interest will be paid after the deduction of the basic rate of savings tax, currently 20%, unless you are eligible and have registered for non-taxable interest.
Conditions for bonus payment

The 1% bonus interest rate is paid monthly in addition to the standard variable rate offered on our Everyday e-Saver Account.
Withdrawal Arrangements

Instant withdrawals can be made by transfer to another first direct account in your name, via Internet Banking or by cheque. Transfers to other banks may take longer.

If the balance falls below the starting balance then no interest will be earned until your balance goes over this again. If your account is closed within the 12 month period, you won't earn any bonus interest for the month in which the account is closed.
Access

This account can be applied for online or by telephone, but can only be managed online once it has been opened.

Definitions

AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year.

Gross is the interest rate before the deduction of tax applicable to interest on savings accounts.

 

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How to apply for an Everyday e-Saver Account

Already a customer?

You can apply online through your Internet Banking. As you're currently logged in, just select Apply online from the left hand menu within Internet Banking

If you already have an Everyday e-Saver Account and want to take advantage of the additional balance transfer interest please call us on 08 456 100 100.

Log on to apply


To apply for an Everyday e-Saver Account online, log on to Internet Banking, select 'Apply', then choose 'Everyday e-Saver' from the left hand menu. Once your account has been set up, contact us on 08 456 100 100 before you transfer any external funds into the account to benefit from the additional balance transfer interest rate.

If you haven't yet registered for Internet Banking, simply click on the link below and enter your support and access ID details. If you haven't received your support and access IDs, please call us on 08 456 100 100.

Register for Internet Banking

Not yet a customer?

You can apply online using the application form below and benefit from our balance transfer interest offer.

Apply for a sole account

Apply for a joint account

You can also talk to us anytime on:
0800 24 24 24

Before you apply, please read the following:-

Interest rates and charges

Important Notes

first direct Account Terms and Conditions

Key Features Document

Please print and save a copy for your records.

Our downloads are in a PDF format. To read them you'll need to have Adobe Reader 4.0™ or above. It's free and you can get Adobe Reader here.

For more information about accounts and other products you can refer to the Money Advice Service ™ website.

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