Rates

1st Account rates

The rates are correct as at 1 February 2012.

1st Account does not pay interest on credit balances.

Arranged overdraft interest	% p.a. variable	% EAR* variable
Debit balances up to £250Arranged overdraft interest	0%% p.a. variable	0%% EAR* variable
Debit balances over £250Arranged overdraft interest	14.85%% p.a. variable	15.9%% EAR* variable

We'll calculate arranged overdraft interest daily on the cleared end of day debit balance on your account, and deduct it from your account monthly.

Before we deduct any arranged overdraft interest, we'll give you at least 14 days' notice of the amount.

If you live in Northern Ireland and you've switched your banking to us you won't be charged arranged overdraft interest on the entire debit balance of your 1st Account for the first three months, unless your 1st Account is linked to your Offset Mortgage.

*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.

Credit card rates

If you use your credit card account from 16 September 2014 onwards, the following rates will apply:

Gold Card - representative 16.9% APR variable

	Annual rate - simple*
Purchases	15.780%Annual rate - simple*
Cash advances	21.708%Annual rate - simple*

Credit Card - representative 18.9% APR variable

	Annual rate - simple*
Purchases	17.472%Annual rate - simple*
Cash advances	22.368%Annual rate - simple*

If you used your Classic credit card account between 23 December 2009 and the 16 September 2014 the following rates would have applied:

Classic Card - typical 19.9% APR variable

	Annual rate - simple*
Purchases	18.360%Annual rate - simple*
Cash advances	21.360%Annual rate - simple*

*The simple rate is the rate used for interest calculation purposes. It is equivalent to the monthly rate multiplied by 12.

The rates advised above are for guidance only, and depend on the products that were on sale during the dates displayed.

The rate you receive may be different from those displayed above. If you're at all in doubt, please contact us to confirm your current rate.

Loan rates

Personal Loans - representative rates

The rates are correct as at 7 June 2018.

Loan amount	representative % APR	maximum % APR
Loans from £1,000 to £2,450Loan amount	18.9%representative % APR	21.9% maximum % APR
Loans from £2,500 to £4,950Loan amount	16.9%representative % APR	19.9% maximum % APR
Loans from £5,000 to £6,950Loan amount	4.9%representative % APR	15.9% maximum % APR
Loans from £7,000 to £30,000Loan amount	3.3%representative % APR	15.9% maximum % APR
Loans from £30,050 to £50,000Loan amount	6.7%representative % APR	15.9% maximum % APR

The rate we may offer could be higher than the advertised annual percentage rate (APR). An approved rate will be based on our assessment of your personal financial circumstances, including a credit check should you choose to apply. The loan amount you request will also impact the rate offered.

Flexiloan

This product is no longer on sale, but here are the rates for information:

Loan amount	% p.a.	representative % APR
Loans up to £10,000Loan amount	17.45%% p.a.	18.9% variablerepresentative % APR

Personal Loan rates may alter from time to time, but once a loan is taken the rate becomes fixed for the duration of the term.

Savings rates

Regular Saver

	AER(1)	Gross(2)% p.a.
£25 - £300* per month fixed for 12 months	5.00%AER(1)	5.00%Gross(2)% p.a.

* 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. Regular Savers can save up to a maximum of £3600 a year into this account.

Interest is calculated daily and paid on the first anniversary of account opening.

Interest rates quoted are fixed for the full 12-month term.

You must continue to hold a 1st Account with us for as long as you have your Regular Saver Account.

Only one account per customer.

Cash ISA

Rates are variable.

Balance	AER	Tax free
All BalancesBalance	0.85%AER	0.85%Tax free

Bonus Savings Account

Interest will be calculated daily and paid monthly. Sole accounts only and one account per customer.

Rates are variable.

With monthly bonus

Balance	AER(1)	Gross(2)% p.a.
under £25,000*Balance	0.60%AER(1)	0.60%Gross(2)% p.a.
£25,000+*Balance	0.30%AER(1)	0.30%Gross(2)% p.a.

Without monthly bonus

Balance	AER(1)	Gross(2)% p.a.
under £25,000*Balance	0.10%AER(1)	0.10%Gross(2)% p.a.
£25,000+*Balance	0.10%AER(1)	0.10%Gross(2)% p.a.

If you have more than £25,000 in your Bonus Savings Account, we'll pay the lower rate of interest on the money above £25,000. For example, if £40,000 is held, in any calendar month where no withdrawal is made, we'll pay 0.60% on the first £25,000 and 0.30% on the remaining £15,000.

If no withdrawals are made from the account during a calendar month we'll pay the rate 'with monthly bonus'. If during a calendar month a withdrawal is made we'll pay the rate 'without monthly bonus'.

Fixed Rate Savings - February issue

Current rates available from 30 January 2019 to 27 February 2019. Deposit matures 28 February 2020.

Balance	AER(1)	Gross(2)% p.a.
£2,000 - £49,999Balance	0.65%AER(1)	0.65%Gross(2)% p.a.
£50,000+Balance	0.75%AER(1)	0.75%Gross(2)% p.a.

Interest is paid at maturity. Multiple products can be opened, however please note that the interest rates quoted are per bond. This is a bond, which means you deposit a fixed amount of money for a fixed period at a fixed rate of interest.

Savings Account

Rates are variable.

Balance	AER(1)	Gross(2)% p.a.
£1+Balance	0.15%AER(1)	0.15%Gross(2)% p.a.

Offset Savings

Equivalent Credit Interest	AER
All credit balancesEquivalent Credit Interest	4.27%AER

Instead of receiving interest on your savings, your qualifying savings and current account balances are offset against your outstanding mortgage balance, so you only pay mortgage interest on the difference between the two.

Although you don't earn credit interest on your savings or current account, you effectively achieve the same overall benefit as an account paying 4.27% AER. You could receive a higher or lower equivalent rate depending on your current mortgage. This example is based on our standard variable rate.

Linked accounts could include 1st Account, Everyday Savings Account (no longer on sale) and Savings Account.

Linked Offset 1st Accounts and savings accounts.

Any debit balance on 1st Accounts or additional borrowing linked to your offset Mortgage will be secured against your property and charged the same rate of interest as your mortgage.

Other fees may apply:

If you're buying a property

In addition to any arrangement fee, you'll also need to pay for your legal and valuation costs.

If you're re-mortgaging a property in England or Wales

In addition to the arrangement fee and/or booking fee you'll need to pay for a professional valuation. However, first direct will pay for any enquiry fees to your previous lender, money transmission fees and Land Registry fees.

If you're re-mortgaging a property in Scotland or Northern Ireland

In addition to the arrangement fee and/or any booking fee you will need to pay for a professional valuation for both offset and Repayment Mortgages. However, first direct will pay for any enquiry fees to your previous lender, money transmission fees and Land Registry fees.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Everyday e-Saver

This product is no longer on sale, but here are the rates for information purposes. Note that they are variable.

Balance	AER(1)	Gross(2)% p.a.
All balancesBalance	0.25%AER(1)	0.25%Gross(2)% p.a.

Everyday Savings Account

This product is no longer on sale, but here are the rates for information purposes. Note that they are variable.

Balance	AER(1)	Gross(2)% p.a.
£50,000 and overBalance	0.25%AER(1)	0.25%Gross(2)% p.a.
£1 - £49,999Balance	0.15%AER(1)	0.15%Gross(2)% p.a.

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

(2) All credit interest will be paid without tax being taken off (paid gross).

All credit interest is calculated daily and paid monthly unless stated otherwise.

The rates are correct as at 3 September 2018.

Bank of England Base Rate 0.75% p.a.

Stocks and Shares ISA rates

The rates are correct as at 1 February 2012.

Interest is calculated daily on the cleared balance, and applied monthly.

Interest rates are on cash held in a first direct Stocks and Shares ISA pending investment⁽¹⁾.

Balance	AER(2)	Gross(3)% p.a.
£2,500 and overBalance	0.10%AER(2)	0.10%Gross(3)% p.a.
£250 - £2,499Balance	0.10%AER(2)	0.10%Gross(3)% p.a.
£1 - £249Balance	0.10%(4)AER(2)	0.10%(4)Gross(3)% p.a.

(1) Interest paid on cash held in an ISA will be subject to the ISA flat rate charge deduction of 20% payable to HM Revenue & Customs. We require a minimum balance (combined investments and cash) of £500 to be maintained in an ISA.

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

(3) All credit interest will be paid without tax being taken off (paid gross).

(4) This is the minimum rate that doesn't normally change with the Bank of England Base Rate.

All credit interest is calculated daily and paid monthly unless stated otherwise.