Savings rates
This page provides a summary of the rates that apply to our savings accounts.
Full copies of the fees and terms and conditions that apply to our personal accounts can be downloaded from our terms and conditions page.
Information within this page
Interest rates for savings accounts
Interest rates for savings accounts no longer available to new customers
30 Day Bonus
Including bonus
| Balance | Gross Rate | AER (variable) |
|---|---|---|
| £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.
Excluding bonus
| Balance | Gross Rate | AER (variable) |
|---|---|---|
| £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
| Balance | Gross Rate | AER (variable) |
|---|---|---|
| £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% |
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.
Excluding all interest rewards
| Balance | Gross Rate | AER (variable) |
|---|---|---|
| £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 and annually
Last updated on: 24/07/09
First Reserve
| Balance | Gross Rate | AER (variable) |
|---|---|---|
| £0 + | 0.10% | 0.10% |
Interest paid quarterly
Last updated on: 24/07/09
Young Saver
| Balance | Gross Rate | AER (variable) |
|---|---|---|
| £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.
Diamond Reserve
| Balance | Gross Rate | AER (variable) |
|---|---|---|
| £0 + | 0.10% | 0.10% |
Interest paid monthly
Last updated on: 24/07/09
Island Reserve
| Balance | Gross Rate | AER (variable) |
|---|---|---|
| £0 + | 0.10% | 0.10% |
Interest paid quarterly
Last updated on: 24/07/09
Special Reserve
| Balance | Gross Rate | AER (variable) |
|---|---|---|
| £0 + | 0.10% | 0.10% |
Interest paid quarterly
Last updated on: 24/07/09
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).