Know exactly what to expect from your money

Why choose a Fixed Rate Savings Account?

  • earn 4.60% AER/Gross for up to 13 months
  • save a one-off lump sum of between £2,000 and £1 million
  • open multiple Fixed Rate Savings Accounts
  • no partial withdrawals or additional deposits allowed*

*You'll be charged £100 if you take your money out before the end of the fixed term and depending on when you do this, you could get back less than originally paid in. New Fixed Rate Savings Accounts are released every month and interest rates may vary between them.

Put a lump sum away for a fixed term at a fixed rate, and you'll receive 4.60% AER/Gross between £2,000 and £1 million. Deposits mature on 28 June 2024.

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

Gross is the rate of interest if interest were paid and not compounded each year.

Key product info

Who can apply?

To take out a Fixed rate savings account, you must hold a first direct current account, which you must maintain for the duration of the fixed term. You must also be a UK resident and be at least 18 years old. Both sole and joint accounts are permitted.

Open a Fixed Rate Savings Account

Current Account holders

Give us a call to apply on 03 455 873 967

  • Mon to Thur- 8am to 10pm
  • Fri- 8am to 9pm 
  • Sat- 8am to 8pm 
  • Sun-9am to 8pm

Don't have a Current Account with first direct?

This product is only available to first direct Current Account customers (you're more than welcome to join us!)

Useful information

Dive into the Cash ISA Acount details- Cash ISA Key Facts and Terms and Conditions (PDF)

Dive into fixed rate savings Account details- Account Terms and Conditions and Charges (PDF, 111KB)

What first direct do with your account information- Privacy Notice (PDF, 63KB)

Take a look at a detailed breakdown of interest rates linked to your savings account -Interest Rate and Charges (PDF, 182KB) (For 1st Account charges refer to Account Terms and Conditions and Charges)

Financial Services Compensation Scheme Information Sheet and Exclusions List-UK FSCS Information Sheet and Exclusions List (PDF, 44KB)

Important notes