| %p.a. | The overall cost for comparison is | |
|---|---|---|
| life tracker | 2.59% above Bank of England Base Rate, for the life of the mortgage currently 3.09% | 3.2% APR |
There is an arrangement fee of £999 on our life tracker mortgage.
| Term of fixed rate | %p.a. | Rate to revert to after fixed rate period | The overall cost for comparison is | Booking Fee | Arrangement Fee |
|---|---|---|---|---|---|
| 2 year fixed rate | 3.94% | Standard Variable Rate for the remainder of the term, currently 3.69% | 3.9% APR | £499 | £499 |
| 2 year fixed rate | 4.34% | Standard Variable Rate for the remainder of the term, currently 3.69% | 3.9% APR | £99 | £0 |
| 3 year fixed rate | 4.64% | Standard Variable Rate for the remainder of the term, currently 3.69% | 4.1% APR | £499 | £499 |
| 3 year fixed rate | 4.89% | Standard Variable Rate for the remainder of the term, currently 3.69% | 4.1% APR | £99 | £0 |
| Term of fixed rate | Initial rate %p.a. | Rate to revert to after fixed rate period | Overall cost for comparison is | Arrangement fee | Booking fee |
|---|---|---|---|---|---|
| 2 year fixed rate | 3.34% | Standard Variable Rate for the remainder of the term, currently 3.69% | 3.9% APR | £999 | £499 |
| 3 year fixed rate | 4.24% | Standard Variable Rate for the remainder of the term, currently 3.69% | 4.0% APR | £499 | £499 |
| Term of fixed rate | %p.a. | The overall cost for comparison is | Booking Fee | Arrangement Fee |
|---|---|---|---|---|
| Capped tracker (cap of 4.99% applies until 31 August 2012) | Tracks the Bank of England Base Rate plus 2.48%, currently 2.98% | 3.2% APR | £0 | £1499 |
| standard variable rate | 3.69% | 3.8% APR | £0 | £299 |
| Equivalent Credit Interest | Non tax payer | Standard rate tax payer | Higher rate tax payer |
|---|---|---|---|
| All credit balances (AER) | 3.75% | 4.71% | 6.33% |
Instead of receiving interest on your savings, your savings and 1st Account balances are offset against your outstanding mortgage balance and you only pay interest on the difference between the two. Therefore, you can benefit from the equivalent of the same rate of interest on your savings and 1st Account as you pay on your mortgage, up to the amount outstanding on your mortgage. Although no credit interest is paid, you effectively achieve the same overall benefit as an account paying 3.75% AER, and because you don't receive any interest there is no tax to pay on it, therefore tax payers would have to find a savings account that pays 4.71% AER (or 6.33% AER for higher rate tax-payers) to achieve the same overall benefit. You could receive a higher or lower equivalent rate depending on your current mortgage rate. All of these rate examples are based on our standard variable rate.
Linked accounts could include 1st Account, Everyday Savings Account and Savings Account.
Linked Offset 1st Accounts and savings accounts.
Any debit interest 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.
Linked accounts can include 1st Account, Everyday Savings Account and Savings Account
*an early repayment charge applies during the fixed rate. Find out more.
Other fees may apply:
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
1st Account does not pay interest on credit balances.
| Debit interest | %p.a. | %EAR(3) |
|---|---|---|
| Debit balances up to £250 | 0% | 0% |
| Debit balances over £250 | 14.85% | 15.9% |
We will calculate debit interest daily on the cleared end of day debit balance on your account and deduct it from your account monthly.
Before we deduct any debit interest, we will give you at least 14 days notice of the amount to be deducted.
If you are a Northern Ireland Resident and you have switched your banking to us you will not be charged debit 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.
| gold card interest rates | |
|---|---|
| APR | typical 16.9%APR variable |
| Purchases | |
| Annual rate - simple* | 15.780% |
| Cash Advances | |
| Annual rate - simple* | 20.052% |
| Credit Card interest rates | |
|---|---|
| APR | typical 17.9%APR variable |
| Purchases | |
| Annual rate - simple* | 16.620% |
| Cash Advances | |
| Annual rate - simple* | 20.052% |
| Classic Card interest rates | |
|---|---|
| APR | typical 19.9%APR variable |
| Purchases | |
| Annual rate - simple* | 18.360% |
| Cash Advances | |
| Annual rate - simple* | 22.368% |
* The simple rate is the rate used for interest calculation purposes. It is equivalent to the monthly rate multiplied by 12.
If you already have a card with us, your rate may be different to the one displayed here - please contact us to find out your rate.
| AER(1) | Tax free(4) | |
|---|---|---|
| Opened online from 1 July 2009, fixed until 31 July 2010 | 2.60% | 2.57% |
| And then variable from 1 August 2010 | 0.20% | 0.20% |
| Variable cash e-ISA rate | 0.20% | 0.20% |
| Credit interest | AER(1) | Tax free(4) |
|---|---|---|
| £25 - £300* per month fixed for 12 months | 7.00% | 7.00% |
* More than £300 per month can be paid from month 2 onwards if the maximum monthly balance, which starts at £300 in month 1 and increases by £300 each month thereafter, is not reached.
Interest is paid on the first anniversary of account opening, and thereafter monthly. Interest rates quoted are fixed for 12 months and then our cash e-ISA variable rates apply. No partial withdrawals in first year; account must be closed - interest then payable at variable cash e-ISA rate on the whole balance for the full period since the Regular Saver ISA was opened. To open a Regular Saver ISA you must hold a first direct 1st Account.
| Balance | AER(1) | Gross(2)% p.a | Net(2)% p.a. |
|---|---|---|---|
| All balances | 0.40% | 0.40% | 0.32% |
The e-Savings Account is limited to one per customer. No interest is paid on the full account balance in any month you make a withdrawal.
| AER(1) | Gross(2)% p.a. | Net(2)% p.a. | |
|---|---|---|---|
| £25 - £300 per month for 12 months | 8.00% | 8.00% | 6.40% |
Interest is calculated daily and paid on the first anniversary of account opening.
Interest rates quoted are fixed for the duration of the 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.
| AER(1) | Gross(2)% p.a. | Net(2)% p.a. | |
|---|---|---|---|
| £1 and over | 0.25% | 0.25% | 0.20% |
Other rates are available from time to time. Please visit firstdirect.com/savings or call us on 08 456 100 100 for details.
| With conditional Bonus | |||
|---|---|---|---|
| Balance | AER(1) | Gross(2)% p.a. | Net(2)% p.a. |
| £250,000 and over | 0.20% | 0.20% | 0.16% |
| £100,000 - £249,999 | 0.15% | 0.15% | 0.12% |
| £50,000 - £99,999 | 0.10% | 0.10% | 0.08% |
| £3,000 - £49,999 | 0.10% | 0.10% | 0.08% |
| Without conditional Bonus | |||
|---|---|---|---|
| Balance | AER(1) | Gross(2)% p.a. | Net(2)% p.a. |
| £250,000 and over | 0.15% | 0.15% | 0.12% |
| £100,000 - £249,999 | 0.10% | 0.10% | 0.08% |
| £50,000 - £99,999 | 0.05% | 0.05% | 0.04% |
| £3,000 - £49,999 | 0.05% | 0.05% | 0.04% |
If no withdrawals are made from the account during a calendar month we will pay the rate 'with Monthly Bonus'. If during a calendar month a withdrawal is made we will pay the rate 'without Monthly Bonus'.
| Balance | AER(1) | Gross(2)% p.a. | Net(2)% p.a. |
|---|---|---|---|
| £100,000 and over | 0.05% | 0.05% | 0.04% |
| £50,000 - £99,999 | 0.05% | 0.05% | 0.04% |
| £5,000 - £49,999 | 0.05% | 0.05% | 0.04% |
| £250 - £4,999 | 0.05% | 0.05% | 0.04% |
| £1 - £249 | 0.05% | 0.05% | 0.04% |
Other rates are available from time to time. Please visit firstdirect.com/savings or call us on 08 456 100 100 for details.
| Balance | AER(1) | Gross(2)% p.a. | Net(2)% p.a. |
|---|---|---|---|
| £50,000 and over | 2.00% | 1.98% | 1.58% |
| £1 - £49,999 | 0.10% | 0.10% | 0.10% |
Interest is calculated daily on the cleared balance, and applied monthly.
Interest rates on cash held in a first direct Stocks and Shares ISA pending investment*.
| Balance | AER(1) | Gross(2)% p.a. | Net(2)% p.a. |
|---|---|---|---|
| £2,500 and over | 0.10% | 0.10% | n/a |
| £250 - £2,499 | 0.10% | 0.10% | n/a |
| £1 - £249 | 0.10%(7) | 0.10%(7) | n/a |
*Interest paid on cash held in an ISA will be subject to deduction of the HM Revenue & Customs 20% ISA flat rate charge deduction payable to HM Revenue & Customs. We require a minimum balance of £500 (combined investments and cash) to be maintained in an ISA.
| Loan amount | standard typical %APR |
|---|---|
| Loans from £1,000 to £2,450 | 15.9% |
| Loans from £2,500 to £4,950 | 13.9% |
| Loans from £5,000 to £7,950 | 11.9% |
| Loans from £8,000 to £9,950 | 10.9% |
| Loans from £10,000 to £14,950 | 9.9% |
| Loans from £15,000 to £25,000 | 8.9% |
The rate you receive is dependent on your individual circumstances; credit checks and assessment of your financial circumstances.
| Loan interest | %p.a. | typical %APR |
|---|---|---|
| Loans up to £10,000 | 17.45% | 18.9% variable |
| Loan interest | %p.a. | overall cost for comparison %APR |
|---|---|---|
| A All variable loans | 1.50% | 1.5% |
| B All variable loans | 3.50% | 3.6% |
| A Rate if your mortgage is with first direct or if you have no other mortgage
borrowing. B Rate if you have a mortgage which is not with first direct. |
||
| Loan Interest | %p.a. | overall cost for comparison %APR |
|---|---|---|
| Loans from £5,000 | 6.50% | 6.7% |
(1) Annual Equivalent Rate (AER) is a notional rate which illustrates
what the gross rate would be if interest was paid and compounded each
year.
(2) We pay gross interest (that is, the interest paid before the deduction
of tax applied to the interest on savings) to customers who register
as non-taxpayers or non-UK residents and net to all other customers.
The net rate is the rate after the deduction of tax on interest, currently
20%. Higher rate tax payers will have an additional liability. This
tax rate may change. Tax deducted may be reclaimed by non-taxpayers.
If you are eligible for the payment of gross credit interest and require
a registration form, please telephone 08 456 100 100.
(3) Effective Annual Rate.
(4) Rate payable where interest is exempt from income tax.
(5) Your home is required as security.
(6) If during any statement month you go overdrawn on your savings account, debit interest is calculated daily based on the 1st Account overdraft rate.
(7) This is a nominal rate of interest which does not ordinarily fluctuate with changes in the Bank of England Base Rate. Whilst other interest rate bands, during this unprecedented low base rate environment, are also now paying 0.05% AER, the interest payable on these bands remains subject to fluctuation with the Bank of England Base Rate.
(8) Product no longer on sale.
All credit interest is calculated daily and paid monthly unless stated
otherwise.
The rates are correct as at 17 July 2009. 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.
Bank of England Base Rate 0.50% p.a.
first direct is a division of HSBC Bank plc. © HSBC Bank plc 2008. All Rights Reserved. Member HSBC 
Group.
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