A bank is offering free money to new customers.
A bank is offering free money
First Direct - the internet-based retail bank division of HSBC - is offering as much as £175 to new customers, as an incentive for them to sign up.
Chris Pitt, the CEO of First Direct, said in a statement: "This new switching offer of £175 is market leading and an increase on our previous offer of £150.
"On top of the switching bonus, we are increasing our savings rates across a range of accounts in order to offer people better value on their savings.
"Our regular saver already offers a rate of 3.50 percent and will allow customers to add to their savings regularly while earning a competitive interest rate."