First direct bank are currently offering a 7% interest rate on savings accounts fixed for 12 months. One of the highest rates available.

Got some savings? How does 7% AER interest sound? First Direct, an online bank if currently offering a whopping 7% on savings deposits, but there are some rules.

First Direct Bank is an online bank that operates as a division of the HSBC Group. It was established in 1989 and offers current accounts, savings accounts, mortgages, insurance, investments and financial advice. It has over 1 million customers and is renowned for its unparalleled customer service, including 24/7 telephone banking services as well as a super high savings account!

The bank states that their regular savings account will offer savers 7% AER/Gross p.a fixed for 12 months if they deposit between £25 and £300 a month. This can earn savers a nice £136.50 over 12 months - enough to pay for a Ryanair return ticket to Europe.

More information is here

PLEASE NOTE: we do not get remunerated for any referrals to First direct bank, this information is purely informative.