HomeSavings and investmentsSavingsBonus Savings Account

Bonus Savings Account

A cash bonus - for doing nothing

Because dipping into your savings can be tempting, our Bonus Savings Account rewards you for establishing virtuous saving habits. Every month you don't make a withdrawal, we'll give you a bonus rate of 0.60% AER/gross variable on balances up to £100,000. Don't worry - you can still get at your money if you need to, but for that month the interest will only be 0.10% AER/gross. Knowing this should be just enough to curb the temptation...

  • bonus rate applies for every calendar month you don't make a withdrawal
  • instant access if you need it by an internal transfer to your first direct Current Account
  • earn the higher interest rate on balances up to £100,000 until 21 January 2019 or up to £25,000 from 22 January 2019
  • start saving from £1, no maximum limit
  • sole accounts only and one account per person.

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

Gross is the rate of interest if interest were paid and not compounded each year.

How to open a Bonus Savings Account

Existing customers

Log on to Online Banking, select 'Apply' and choose 'Bonus Savings Account' from the left hand menu.

Log on to Online Banking

If you would prefer to speak to us, please call us on:

03 456 100 100

New to first direct

Sorry - our Bonus Savings Account is only available to first direct Current Account customers (you're more than welcome to join us...)

More about our current account

You can also talk to us anytime on:

03 456 00 24 24

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Regular Saver account

Feeling disciplined? Lock away between £25 and £300 a month for 12 months and earn 5.00% AER/gross - our very best rate.

Find out more about our Regular Saver Account

Contact us

Let's talk about savings

Any time, day or night - there's always a real person on hand to help.

New to first direct?

03 456 00 24 24

Existing customer

03 456 100 100