Bonus saver

You can use Bonus Saver as a separate interest earning accounts for your company tax funds, retained profits or your organisation's surplus cash.

• Bonus interest - earn an extra 1% (gross per annum) interest if you make no more than one withdrawal each quarter
• Low minimum balance - open an account with just £1 and invest up to £2 million
• Instant access - no withdrawal penalties and same day transfers to and from your current account
• Quarterly interest - calculated daily and added to your account each quarter
• No fees - there are no charges on a bonus saver account
• Online banking - access account information and make transfers online
• Interest options - interest can be paid into your reserve account or current account

Excluding bonus

Interest is calculated daily and applied quarterly.
Quarterly interest bonuses are payable when you make no more than one withdrawal per quarter.
Updated: 19th March 2009

Including bonus

Interest is calculated daily and applied quarterly.
Quarterly interest amount - 1.00% (gross per annum)
Updated: 19th March 2009

Annual Equivalent Rate (AER). This is a notional rate used for interest bearing accounts, which illustrates what the gross credit interest rate (excluding any bonus interest payable) would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.

Gross Rate. This means the interest rate you are paid before the deduction of income tax.