Savings rates

This page provides a summary of the rates that apply to our savings accounts.

Full copies of the interest rates and terms and conditions that apply to our savings accounts can be downloaded from our terms and conditions page.

Interest we pay you

Type of current account	Amount held in account	Gross Rate %	AER%
30 Day Bonus (including bonus)
	£100,000 +	0.90	0.90
	£50,000 - £99,999	0.75	0.75
	£25,000 - £49,999	0.75	0.75
	£2000 - £24,999	0.75	0.75
	£0 - £1,999	0.10	0.10
A conditional interest bonus of 0.50% gross per annum Account Interest is paid annually at the end of March and is calculated on the daily cleared credit balance, provided that no more than four withdrawals are made per year.
30 Day Bonus (excluding bonus)
	£100,000 +	0.40	0.40
	£50,000 - £99,999	0.25	0.25
	£25,000 - £49,999	0.25	0.25
	£2000 - £24,999	0.25	0.25
	£0 - £1,999	0.10	0.10
Interest paid annually Note: withdrawals require 30 day notice Last updated on: 24/07/09
Reward Reserve (including all interest rewards)
	£50,000 +	0.80	0.80
	£25,000 - £49,999	0.75	0.75
	£2000 - £24,999	0.70	0.70
	£0 - £1,999	0.10	0.10
Interest paid quarterly and annually Quarterly reward amount - 0.25% (gross per annum) Quarterly interest rewards are payable provided the account balance does not fall below £2,000 for more than four days per quarter and no more than one withdrawal is made per quarter. Annual reward amount - 0.25% (gross per annum) Annual interest rewards are only payable (on a pro-rata basis) providing no more than three withdrawals are made in any one year. Should you close your account during a quarter or annual period, you would not receive any quarterly or annual reward for that period.
Reward Reserve (excluding all interest rewards)
	£50,000 +	0.30	0.30
	£25,000 - £49,999	0.25	0.25
	£2000 - £24,999	0.20	0.20
	£0 - £1,999	0.10	0.10
Interest paid quarterly Last updated on: 24/07/09
First Reserve
	£0 +	0.10	0.10
Interest paid quarterly Last updated on: 24/07/09
Young Saver
	£0 +	0.80	0.80
Interest paid quarterly Last updated on: 24/07/09

Cash Management

These rates change on a daily basis. For further information please contact your local branch.

Fixed Term Deposits

These rates change on a daily basis. For further information please contact your local branch.

Common definitions

Throughout this page, you'll see various terms being used. Here's what they mean:

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.

p.a. - per annum (per year).