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Featured - ISA allowance
What is the 2024/25 ISA allowance?A new tax-year means a refreshed ISA allowance to allocate. Find out more about the 2024/25 ISA allowance...
Savings
ISAs
Mortgages
Buy to let
Specialist mortgages
Featured - Debt and your credit score
How debt impacts your credit scoreA healthy credit score has its benefits, so make sure you manage your debt correctly.
Loans
Featured - travel insurance
Travel insurance 2024Discover the best travel insurance policy for your next trip.
Home & vehicle
Health & travel
Featured - High interest current accounts
Find current accounts offering in-credit interest rates up to 5.00% AER.
Current accounts
Featured - Purchase Cards
Best purchase credit cardsExplore the best cards with a 0% introductory period.
Credit cards
Credit repair
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Featured - The triple lock explained
Could the value of your state pension rise by more than inflation?
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How much can I give as a cash gift?
How much can I give as a cash gift?Will your loved one's gift be tax affected?
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Customers only have until 22 April to take advantage of this deal, unless it’s withdrawn sooner.
Following in the footsteps of a number of high street providers, first direct became the latest bank to offer a cash incentive in exchange for switching current accounts, after it relaunched its £175 deal today.
“Our switching incentive has proven incredibly popular amongst our customers, which is why we’re excited to bring it back,” explained Chris Pitt, CEO of first direct.
The deal is only available to new first direct customers, which means you won’t be eligible if you’ve previously held a first direct product or opened an HSBC current account on or after 1 January 2018.
To receive the free cash, you’ll need to open a first direct 1st Account before the offer closes on 22 April (or is withdrawn) and then use the Current Account Switch Service (CASS) to transfer your existing account. As part of this process, you must switch at least two direct debits or standing orders and deposit a minimum of £1,000 into the account within 30 days. You’ll also need to register and log into first direct’s digital banking within the same timeframe.
The 1st Account from first direct comes with a range of benefits, such as fee-free overseas transactions, access to a regular savings account paying 7.00% AER and the opportunity to get an up to £250 interest-free overdraft. What’s more, the account charges no monthly maintenance fee.
Our dedicated current account charts are updated regularly throughout the day, allowing you to compare products and find the best current account for your needs and circumstances.
Recent months have seen a number of current account switching deals return to the market.
In February, Lloyds Bank announced a similar deal, which offers customers £175 for switching to any of its Club Lloyds Current Accounts. Only a few days later, NatWest launched its current account switching incentive, which pays a larger £200.
Meanwhile, HSBC introduced its new switching offer a couple of weeks ago, which could see you receive up to £220 if you meet all of the criteria. It was closely followed by Santander, which launched its £185 deal last week.
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Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfactscompare.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
From interest-free overdrafts to exclusive discounts and vouchers on rail travel, food and more, student accounts from NatWest, Santander and other major banks are offering a range of perks.
From interest-free overdrafts to exclusive discounts and vouchers on rail travel, food and more, student current accounts can offer a range of perks.
Its Everyday Extra packaged account also includes breakdown cover, travel and mobile phone insurance.
Its Everyday Extra packaged account also includes breakdown cover, travel and mobile phone insurance.
The Financial Conduct Authority is set to extend Consumer Duty rules to closed products and services from the end of this month, but savers shouldn’t be complacent.
The FCA is set to extend Consumer Duty rules to closed products and services from the end of this month, but savers shouldn’t be complacent.
From interest-free overdrafts to exclusive discounts and vouchers on rail travel, food and more, student accounts from NatWest, Santander and other major banks are offering a range of perks.
From interest-free overdrafts to exclusive discounts and vouchers on rail travel, food and more, student current accounts can offer a range of perks.
Its Everyday Extra packaged account also includes breakdown cover, travel and mobile phone insurance.
Its Everyday Extra packaged account also includes breakdown cover, travel and mobile phone insurance.
The Financial Conduct Authority is set to extend Consumer Duty rules to closed products and services from the end of this month, but savers shouldn’t be complacent.
The FCA is set to extend Consumer Duty rules to closed products and services from the end of this month, but savers shouldn’t be complacent.
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Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
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