Online Bank Accounts – UK

At the very beginng of 2010 first direct (firstdirect.com) has announced New Year offers on a wide range of banking products including the return of its fee free Base Rate lifetime offset tracker Mortgage. The mortgage tracks the Bank of England Base Rate plus 2.49% making the current rate payable 2.99%.

The offers just announced by first direct are are as follows:

• Fee Free Base Rate offset tracker Mortgage -  The mortgage rate tracks the Bank of England Base Rate plus 2.49% making a current rate payable of 2.99%
• Life Insurance -  £100 Cashback when taking out first direct Life Insurance
• Cash e-ISA -  2.50% AER (2.47% tax-free) fixed until June 2011 before reverting to first direct standard variable rate, currently 0.20% AER (0.20% tax-free)
• Gold card -  0% on balance transfers for 15 months on transfers made within the first two months of account opening. A Balance Transfer fee of 2.9% (min £5) will be charged for all transfers; typical 16.9% APR variable for the gold card
• Credit Card -  0% on balance transfers for 15months on transfers made within the first two months of account opening. A Balance Transfer fee of 2.9% (min £5) will be charged for all transfers;  typical 19.9% APR variable for the Credit Card
• Personal Loan -  Those who apply for a Personal Loan with a term of at least 36 months before 31 January 2010 will receive 10% Cashback on interested paid. Typical 8.9% APR for Personal Loans between £5000 and £25000
• Car Insurance -  first direct will guarantee to beat written renewal invitations from customers’ current insurer by at least 10%. The bank will also beat any written renewals from the current insurer for second or subsequent cars in the same household by at least 15% (minimum premiums and other conditions apply)
• Home Insurance -  Customers receive a 25% discount – equivalent to 3 months free cover when buying a new Home Insurance policy
   

Source: first direct