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first direct: Regular Saver Account reviews

Name: Regular Saver Account
Rating: 4.85 (133 reviews)

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4.81

Based on 133 reviews, last reviewed 20th Apr 2025

No new 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

89%

2 star

Latest highest rating:

4

Standard regular saver with a good interest rate. Standard regular saver with a good interest rate. Reviewed on: 20th April 2025

Latest lowest rating:

1

Lack of customer service I switched to First Direct fulfilled all the requirements and received the switch reward. I opened the 7% saver account and began saving £300 every mo... Read more Reviewed on: 2nd May 2024

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About this product

First Direct savings reviews can help you to find out more about life at First Direct. How easy is it to contact First Direct? And how friendly are they? Our First Direct savings reviews can help you to find out information like this. Smart Money People is an independent source of honest reviews.

first direct Regular Saver Account reviews (133)

Review of the first direct, Regular Saver Account:

Great Interest Rates

Since opening my First Direct current account, I have also taken advantage of their regular saver account. This is really easy to set up and can all be done online when signed in for online banking. You then set up a standing order from your current account for between £25 and £300 to be transferred into the regular saver on a date of your choosing. This is great, as you can set up for the money to be transferred on payday, making it really easy to save. The best part of the account is the interest rate, which is 6% for the regular saver. This is one of the best in the market. It is paid at the end of 12 months of saving. The only draw back of the account is that you must commit for 12 months of saving, and if you access your money before that you don't get paid the interest. If you are saving some something specific long term, or just want to make sure you have a savings pot, I would highly recommend this account, as you'd be hard pushed to find a better interest rate at the moment. Reviewed on: 1st September 2016

First Direct

I've been with First Direct for over 20 years and very satisfied with their service. Reviewed on: 15th February 2024

I love first direct and have had no problems with th...

I love first direct and have had no problems with them at all quick and to the point Reviewed on: 31st January 2024

The First Direct Regular Saver is one of the best on...

The First Direct Regular Saver is one of the best on the market paying an excellent 7% interest on regular contributions of up to £300 a month. It's only beaten out by Nationwide currently on interest but with Nationwide having a lower regular contribution allowed. Reviewed on: 27th January 2024

Great rate of interest but fixes period.

Great rate of interest but its a fixes period. The bank closes your regular savers account after 12 months and deposits the full amount saved + interest in your current account. You then have to open a new regular savers account and start from scratch again. It's still good as it's 7% but you don't benefit from cash build up and compound interest in subsequent years. The do tell you this from the start so not a complaint but need to keep in mind that it's just short term benefit. Reviewed on: 3rd January 2024

Enticed by the higher interest rates but...

Enticed by the higher interest rates that this account had to offer at the time. My wife got an account without any troubles. However, my experience wasn't quite the same. I'm unable to proceed with my application because of an issue with the app! I will try again another time and hopefully get further. Reviewed on: 2nd January 2024

Brilliant bank

So easy to set up online. Great rates of interest Reviewed on: 1st August 2023

Best interest rate.

One of the best interest rate regular saving account. Reviewed on: 11th June 2023

Unbeatable interest rate

Great interest rate, of course I wish monthly max deposit was higher but it's worth opening account for just that, not to mention the current account switching bonus. Service seems excellent Reviewed on: 31st May 2023

Great reward for current account holders

This account pays a great rate of interest for current acc holders Reviewed on: 31st May 2023

Fab interest rates

Love this savings account it’s made me knuckle down and save properly and I love watching it increase each month. Reviewed on: 11th April 2023

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