| interest | % p.a. | The overall cost for comparison is |
|---|---|---|
| life tracker | 5.74% | 5.9%APR |
| life tracker (large loan discount) | 5.59% | 5.8%APR |
| interest | % p.a. | The overall cost for comparison is |
|---|---|---|
| base rate for 2008 | 5.25% | 6.3% APR |
| standard variable | 6.25% | 6.5% APR |
| 2 year fixed rate | 4.95% | 6.1% APR |
| 2 year fixed rate | 5.25% | 6.0% APR |
| 5 year fixed rate | 5.29% | 5.9% APR |
| 10 year fixed rate | 5.49% | 5.9% APR |
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.
Linked accounts can include 1st Account, Everyday Savings Account and Savings Account.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
YOUR HOME IS REQUIRED AS SECURITY.
Effective from 1 September 2004 to 31 October 2007
| Credit interest | AER(1) | Gross(2)% p.a. | Net(2)% p.a. |
|---|---|---|---|
| All credit balances: | 2.00% | 1.98% | 1.58% |
Agreed overdraft balances effective from 1 April 2005 to 30 September 2007
| Overdrawn interest | %p.a. | %EAR(3) |
|---|---|---|
| Overdrawn balances | 12.19% | 12.9% |
Effective from 26 April 1999 to 31 October 2007
| Credit interest | AER(1) | Gross(2)% p.a. | Net(2)% p.a. |
|---|---|---|---|
| All credit balances: | 0.10% | 0.10% | 0.08% |
Agreed overdraft balances effective from 1 April 2005 to 30 September 2007
| Overdrawn interest | %p.a. | %EAR(3) |
|---|---|---|
| Overdrawn balances | 18.29% | 19.9% |
|
gold card interest rates Purchase rate effective from 1 April 2006 to 31 January 2007 Cash advance rate effective from 1 April 2006 to 31 July 2006 |
|
|---|---|
| APR | typical 15.9%APR variable |
| Purchases | |
| Annual rate - simple* | 14.904% |
| Cash Advances | |
| Annual rate - simple* | 17.904% |
|
Credit Card Purchase rate effective from 1 April 2006 to 31 January 2007 Cash advance rate effective from 1 April 2006 to 31 July 2006 |
|
|---|---|
| APR | typical 16.9%APR variable |
| Purchases | |
| Annual rate - simple* | 15.780% |
| Cash Advances | |
| Annual rate - simple* | 18.780% |
|
Classic Card Purchase rate effective from 21 February 2005 to 31 March 2006 Cash advance rate effective from 1 April 2006 to 31 July 2006 |
|
|---|---|
| APR | typical 19.4%APR variable |
| Purchases | |
| Annual rate - simple* | 17.904% |
| Cash Advances | |
| Annual rate - simple* | 21.360% |
* The simple rate is the rate used for interest calculation purposes. It is equivalent to the monthly rate multiplied by 12.
Your previous rate may be different to the one displayed here - please contact us to find out your previous rate.
| Credit interest | |||
|---|---|---|---|
| Credit balance | AER(1) | Gross(2)% p.a. | Net(2)% p.a. |
| £100,000 and over | 4.25% | 4.17% | 3.34% |
| £50,000 - £99,999 | 4.00% | 3.93% | 3.14% |
| £5,000 - £49,999 | 3.75% | 3.69% | 2.95% |
| £250 - £4,999 | 3.50% | 3.445% | 2.76% |
| £1 - £249 | 0.10%* | 0.10%* | 0.08%* |
*This is a nominal rate of interest which does not ordinarily fluctuate with changes in the Bank of England Base Rate
| Credit interest | |||
|---|---|---|---|
| Credit balance | AER(1) | Gross(2)% p.a. | Net(2)% p.a. |
| £2,500 and over | 2.25% | 2.23% | 1.78% |
| £250 - £2,499 | 2.10% | 2.08% | 1.66% |
| £1 - £249 | 0.10%* | 0.10%* | 0.08%* |
*This is a nominal rate of interest which does not ordinarily fluctuate with changes in the Bank of England Base Rate
| Balance | AER(1) | Tax free(4) |
|---|---|---|
| Variable cash e-ISA rate | 4.75% | 4.65% |
| Credit balance | AER(1) | Gross(2)% p.a. | Net(2)% p.a. |
|---|---|---|---|
| £1 and over | 5.25% | 5.13% | 4.10% |
| Balance | AER(1) | Gross(2)% p.a. | Net(2)% p.a. |
|---|---|---|---|
| £1 and over | 5.00% | 4.89% | 3.91% |
| With Bonus | |||
|---|---|---|---|
| Balance | AER(1) | Gross(2)% p.a. | Net(2)% p.a. |
| £250,000 and over | 5.00% | 4.89% | 3.91% |
| £100,000 - £249,999 | 4.75% | 4.65% | 3.72% |
| £50,000 - £99,999 | 4.65% | 4.55% | 3.64% |
| £3,000 - £49,999 | 4.50% | 4.41% | 3.53% |
| Without Bonus | |||
|---|---|---|---|
| Balance | AER(1) | Gross(2)% p.a. | Net(2)% p.a. |
| £250,000 and over | 3.00% | 2.96% | 2.37% |
| £100,000 - £249,999 | 2.75% | 2.72% | 2.18% |
| £50,000 - £99,999 | 2.65% | 2.62% | 2.10% |
| £3,000 - £49,999 | 2.50% | 2.47% | 1.98% |
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. |
|---|---|---|---|
| £2,500 and over | 2.25% | 2.23% | 1.78% |
| £250 - £2,499 | 2.10% | 2.08% | 1.66% |
| £1 - £249 | 0.10%** | 0.10%** | 0.08%** |
*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
**This is a nominal rate of interest which does not ordinarily fluctuate with changes in the Bank of England Base Rate
| Loan interest | typical %APR |
|---|---|
| Loans up to £25,000 | please refer to your loan agreement |
| Loan interest | % p.a. | typical %APR |
|---|---|---|
| Loans up to £10,000 | 17.16% | 18.5% variable |
| % p.a. | overall cost for comparison %APR | |
|---|---|---|
| All variable loans | 6.25% | 6.4% |
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
| Loan interest | % p.a. | overall cost for comparison |
|---|---|---|
| A All variable loans | 6.25% | 6.4% APR |
| B All variable loans | 8.25% | 8.6% APR |
| 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 |
|---|---|---|
| Loans from £5,000 | 11.25% | 11.9% APR |
(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.
All credit interest is calculated daily and paid monthly unless stated otherwise.
first direct is a division of HSBC Bank plc. © HSBC Bank plc 2008. All Rights Reserved. Member HSBC 
Group.
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