Online bank First Direct has announced the launch of two new fixed-rate
Both are two-year fixed-rate offset
Following expiry of the two-year initial period, the
The bank describes the pair – which have a maximum
Chris Pilling, chief executive of First Direct, says it is “great to be able to offer our customers such competitively priced
Describing them as “unique in their flexibility” he explained that customers can overpay, underpay and redraw funds as they see fit and without need for approval.
Analysts are not expecting the interest rate to rise any further as recent reports have indicated that inflation is coming back under control.
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