Savings Account Rates

Our rates are changing Open in new window

Instant Saver account Open in new window

Savings Builder account Open in new window

Premium Saver account Open in new window

First Saver account Open in new window

Card Plus account Open in new window

Our savings account interest rates Open in new window

Our savings interest rates are changing

Instant Saver account

Balance

£1 – £50,000

Over £50,000

AER / Gross p.a. (variable)

Up to 19/01/2025

2.02% / 2.00%

2.07% / 2.05%

AER / Gross p.a. (variable)

From 20/01/2025

1.81% / 1.80%

1.87% / 1.85%

Definitions Close

Definitions

AER - Stands for Annual Equivalent Rate. 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.

Gross Rate - This means the interest rate you are paid without deduction of income tax.

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

Savings Builder account

Balance grows by less than £50 a month: regular saving condition is not met

Balance

£1 – £10,000

Over £10,000

AER / Gross p.a (variable)

Up to 19/01/2025

2.02% / 2.00%

AER / Gross p.a. (variable)

From 20/01/2025

1.81% / 1.80%

Definitions Close

Definitions

Gross Rate - This means the interest rate you are paid without deduction of income tax.

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

Balance grows by at least £50 a month: regular saving condition is met

Balance

£1 – £10,000

Over £10,000

AER / Gross p.a. (variable)

Up to 19/01/2025

5.12% / 5.00%

2.02% / 2.00%

AER / Gross p.a. (variable)

From 20/01/2025

4.85% / 4.75%

1.81% / 1.80%

Definitions Close

Definitions

Gross Rate - This means the interest rate you are paid without deduction of income tax.

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

Premium Saver account

One or more withdrawals made in month: bonus condition is not met

Balance

£1 – £24,999

£25,000 – £49,999

£50,000 – £1,000,000

£1,000,000+

AER / Gross p.a. (variable)

Up to 19/01/2025

2.32% / 2.30%

2.73% / 2.70%

AER / Gross p.a. (variable)

From 20/01/2025

2.12% / 2.10%

2.53% / 2.50%

Definitions Close

Definitions

Gross Rate - This means the interest rate you are paid without deduction of income tax.

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

No withdrawals made in month: bonus condition is met

Balance

£1 – £24,999

£25,000 – £49,999

£50,000 – £1,000,000

£1,000,000+

AER / Gross p.a. (variable)

Up to 19/01/2025

2.32% / 2.30%

2.43% / 2.40%

2.53% / 2.50%

2.73% / 2.70%

AER / Gross p.a. (variable)

From 20/01/2025

2.12% / 2.10%

2.22% / 2.20%

2.32% / 2.30%

2.53% / 2.50%

Definitions Close

Definitions

Gross Rate - This means the interest rate you are paid without deduction of income tax.

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

Our savings interest rates are changing

Instant Saver account

Balance

AER / Gross p.a. (variable)

AER / Gross p.a. (variable)

Savings Builder account

Balance grows by less than £50 a month: regular saving condition is not met

Balance

AER / Gross p.a (variable)

AER / Gross p.a. (variable)

Balance grows by at least £50 a month: regular saving condition is met

Balance

AER / Gross p.a. (variable)

AER / Gross p.a. (variable)

Premium Saver account

One or more withdrawals made in month: bonus condition is not met

Balance

AER / Gross p.a. (variable)

AER / Gross p.a. (variable)

No withdrawals made in month: bonus condition is met

Balance

AER / Gross p.a. (variable)

AER / Gross p.a. (variable)

First Saver account

Balance

AER / Gross p.a. (variable)

AER / Gross p.a. (variable)

Card Plus account

Balance

AER / Gross p.a. (variable)

AER / Gross p.a. (variable)

Our savings account interest rates