log on

call us 08 456 100 100

rates

skip to footer

current rates

life tracker mortgage

	%p.a.	The overall cost for comparison is
life tracker (borrowing less than £200,000)	0.49% Above Bank of England Base Rate, currently 5.49%	5.7% APR
life tracker (borrowing £200,000 or more)	0.34% Above Bank of England Base Rate, currently 5.34%	5.5% APR

There is an arrangement fee of £399 on our life tracker mortgage.

offset Mortgage

	%p.a.	The overall cost for comparison is	Booking Fee	Arrangement Fee
2 year fixed rate*	5.29%	6.2% APR	£499	£999
2 year fixed rate*	5.79%	6.1% APR	£99	£0
5 year fixed rate*	5.39%	6.0% APR	£399	£399
10 year fixed rate*	5.49%	5.9% APR	£299	£299
standard variable rate	6.00%	6.2% APR	£0	£299

Linked Offset 1st Accounts and savings accounts.

Although no credit interest is paid, you benefit from the equivalent same rate of interest on linked accounts. Instead of receiving interest on your savings, your savings balances are offset against the outstanding mortgage balance. 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 up to the amount outstanding on your mortgage, and because you don’t receive any interest there is no tax to pay on it. No credit interest is paid if your linked 1st Accounts and saving accounts exceed the balance of your offset Mortgage. Linked accounts could include 1st Account, Everyday Savings Account and Savings Account.

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:

if you are purchasing a property
In addition to the arrangement fee, you will also need to pay for your legal and valuation costs.
if you are re-mortgaging a property in England or Wales
In addition to the arrangement fee you will 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 are re-mortgaging a property in Scotland or Northern Ireland
In addition to the arrangement fee you will need to pay for a professional valuation. You will also need to cover your own legal costs, including Land Registry and other directly related completion fees. However, first direct will contribute up to £400 towards these costs. We will refund this to you upon receipt of a copy of your solicitor’s invoice following drawdown of your offset Mortgage. first direct will pay for any enquiry fees to your previous lender and money transmission 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.

1st Account

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	12.19%	12.9%

credit cards

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.

cash e-ISA

	AER⁽¹⁾	Tax free⁽⁴⁾
Opened online from 7 March 2008. Fixed until 6 March 2009	6.00%	5.84%
Opened online from 6 April 2008. Fixed until 6 March 2009	5.89%	5.84%
Opened online from 9 May 2008. Fixed until 6 March 2009	5.75%	5.84%
and then variable from 7 March 2009	4.50%	4.41%
Variable cash ISA rate	4.50%	4.41%

The fixed AER varies each month as the fixed rate period reduces, e.g. in April the fixed period remaining is 11 months, therefore, the rate applied is calculated on the basis of 11 months at the fixed rate and 1 month at the variable rate.

Regular Saver ISA

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.

e-Savings Account⁽⁶⁾⁽⁸⁾

Balance	AER⁽¹⁾	Gross⁽²⁾% p.a	Net⁽²⁾% p.a.
All balances	5.00%	4.89%	3.91%

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.

Regular Saver⁽⁶⁾

	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.
To open a Regular Saver Account you must hold a first direct 1st Account.
Only one account per customer.

Everyday e-Saver⁽⁶⁾

	AER⁽¹⁾	Gross⁽²⁾% p.a.	Net⁽²⁾% p.a.
£1 and over	4.75%	4.65%	3.72%

Bonus Savings Account⁽⁶⁾

Interest will be calculated daily and applied monthly. Minimum balance £3,000. Only one account per customer.

With Bonus
Balance	AER⁽¹⁾	Gross⁽²⁾% p.a.	Net⁽²⁾% p.a.
£250,000 and over	4.55%	4.46%	3.57%
£100,000 - £249,999	4.30%	4.22%	3.38%
£50,000 - £99,999	4.20%	4.12%	3.30%
£3,000 - £49,999	4.05%	3.98%	3.18%

Without Bonus
Balance	AER⁽¹⁾	Gross⁽²⁾% p.a.	Net⁽²⁾% p.a.
£250,000 and over	2.55%	2.52%	2.02%
£100,000 - £249,999	2.30%	2.28%	1.82%
£50,000 - £99,999	2.20%	2.18%	1.74%
£3,000 - £49,999	2.05%	2.03%	1.62%

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'.

Savings Account⁽⁶⁾

Balance	AER⁽¹⁾	Gross⁽²⁾% p.a.	Net⁽²⁾% p.a.
£100,000 and over	3.80%	3.74%	2.99%
£50,000 - £99,999	3.55%	3.49%	2.79%
£5,000 - £49,999	3.30%	3.25%	2.60%
£250 - £4,999	3.05%	3.01%	2.41%
£1 - £249	0.10%⁽⁷⁾	0.10%⁽⁷⁾	0.08%⁽⁷⁾

Everyday Savings Account⁽⁶⁾

Balance	AER⁽¹⁾	Gross⁽²⁾% p.a.	Net⁽²⁾% p.a.
£2,500 and over	2.00%	1.98%	1.58%
£250 - £2,499	1.85%	1.83%	1.46%
£1 - £249	0.10%⁽⁷⁾	0.10%⁽⁷⁾	0.08%⁽⁷⁾

Stocks and Shares ISA

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	2.00%	1.98%	1.58%
£250 - £2,499	1.85%	1.83%	1.46%
£1 - £249	0.10%⁽⁷⁾	0.10%⁽⁷⁾	0.08%⁽⁷⁾

^*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.

Personal Loans - standard rates

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 dependant on your individual circumstances; credit checks and assessment of your financial circumstances.

Flexiloan

Loan interest	%p.a.	typical %APR
Loans up to £10,000	17.45%	18.9% variable

Equity Release Loan⁽⁵⁾

Loan interest	%p.a.	overall cost for comparison %APR
A All variable loans	6.00%	6.2%
B All variable loans	8.00%	8.3%
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.

HomeOwner Reserve⁽⁵⁾

Loan Interest	%p.a.	overall cost for comparison %APR
Loans from £5,000	11.00%	11.6%

(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) Equivalent 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.
(8) Product no longer on sale.

All credit interest is calculated daily and paid monthly unless stated otherwise.
The rates are correct as at 9 May 2008. 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.

first direct Base Rate 5.00% p.a.

skip to top of page

first direct is a division of HSBC Bank plc. © HSBC Bank plc 2008. All Rights Reserved. Member HSBC Group.
Because we want to make sure we're doing a good job, we may monitor or record our calls. We hope you don't mind.