Overlay
Savings account rates

Interest rates that apply to our savings accounts

Savings interest rate changes

 

Until
28th Aug 2023

From
29th Aug 2023

Product

Balance

Bonus Condition

Gross p.a (variable)

AER
(variable)

Gross p.a (variable)

AER
(variable)

Savings Builder £1 - £10,000 Under £50 balance increase:
regular saving condition not met
2.10% 2.12% 2.20% 2.22%
£1 - £10,000 £50 or over balance increase:
regular saving condition is met 
5.00% 5.12% 5.25%

5.38%

£10,000 + N/A 2.25% 2.27% 2.40% 2.43%
Premium Saver £1 - £24,999 N/A 2.55%  2.58%  2.70%  2.73%
£25,000 - £49,999 Withdrawals made in month:
bonus condition is not met
2.55%   2.58% 2.70%  2.73%
£25,000 - £49,999 No withdrawals made in month:
bonus condition is met
2.65%  2.68%  2.80%  2.84%
£50,000 - £1,000,000 Withdrawals made in month:
bonus condition is not met
2.55%  2.58%  2.70%  2.73%
£50,000 - £1,000,000 No withdrawals made in month:
bonus condition is met
2.75%   2.78% 2.90%  2.94%
£1,000,000 + N/A 2.95%  2.99%  3.10%  3.14%
Instant Saver £1- £50,000 N/A 2.25%  2.27% 2.40% 2.43%
Over £50,000 N/A 2.30% 2.32% 2.45% 2.48%
First Saver £1 + N/A 2.45% 2.47% 2.60% 2.63%
Card Plus £1 + N/A 5.00% 5.12% 5.25% 5.38%


Definitions

Annual Equivalent Rate (AER). This is a notional rate used for interest bearing accounts which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.
Tax-free interest means interest payable is exempt from UK income tax.
Gross Rate. This means the interest rate you are paid without the deduction of income tax. p.a. Per annum (per year).

Our personal savings rates

The Savings account rates document includes key information you need to know about our savings accounts.

It should be read together with the Personal Banking Account Terms and Fees and forms part of our agreement with you. Please keep it for future reference.

Thinking about opening another savings account?

Take a look at all the options in our savings account range and see if your money could work harder.

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