first direct hikes interest rates on savings account by 3.5% – Make money ‘go further’

The full breaking down of the rate increases for the first direct’s savings account include:

Regular Saver: Increase of 2.5 percent, from one percent to 3.5 percent

Cash ISA: Increase of 0.15 percent from 0.20 percent to 0.35 percent

Bonus Savings bonus rate (up to £25,000): Increase of 0.20 percent from 0.25 percent to 0.45 percent

Bonus Saver bonus rate (over £25,000): Increase of 0.20 percent from 0.20 percent to 0.40 percent

Fixed Rate Saver – One year on balances between £2,000 and £1 million: Increase of 0.20 percent from 0.25 percent to 0.45 percent