First Direct: Bank Raises Rates and Offers 3.5% Interest Savings Account | Personal finance | Finance

To create a current account and access the regular saver, the applicant must be 18 years old and resident in the UK.

New users can get £150 if they transfer their funds from another bank, or a cash offer of £20 just to invest with the group.

First direct recently increased the rates on several of its savings accounts to help customers affected by the cost of living crisis.

The new Regular Saver rate is 2.5% higher than the previous rate of 1%.

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