The highest savings rate in nine years and £175 is up for grabs if you switch to First Direct.
Anyone making the move could earn 7 per cent interest on savings of up to £300 a month. You have to save at least £25 a month and cannot touch the money for 12 months, but on the maximum £3,600 deposit you would earn £136.50 in a year. You need a First Direct current account to get the linked savings rate, but you will get the £175 bonus if you switch using the Current Account Switch Service.
Banks use high rates on regular savings accounts, which limit how much you can pay in, to attract customers without having to pay too much interest. But they do
