Changes to your interest rate

The underlying interest rate on your Online Savings Account is increasing to 0.90% AER/gross* (variable).

This increase is effective immediately and will automatically be applied to your account. You don’t need to do anything to get the new underlying interest rate.

In addition to the underlying rate, we continue to offer a 12-month fixed-rate bonus of 0.10% (gross) for new and existing customers.

New customers will automatically have the 12 month fixed-rate bonus added to their account upon opening.

If you already have an Online Savings Account, you can take advantage of the 12 month fixed-rate bonus as long as it’s available. See ‘Can I add a bonus rate to my account?’ below to find out how.

*AER stands for Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once a year. Gross is the interest rate payable before tax is deducted.

The underlying interest rate on your Cash ISA is increasing to 0.90% AER/tax-free* (variable).

This increase is effective immediately and will automatically be applied to your account. You don’t need to do anything to get the new underlying interest rate.

In addition to the underlying rate, we continue to offer a 12-month fixed-rate bonus of 0.10% (gross) for new and existing customers.

New customers will automatically have the 12 month fixed-rate bonus added to their account upon opening.

If you already have a Cash ISA, you can take advantage of the 12 month fixed-rate bonus as long as it’s available. See ‘Can I add a bonus rate to my account?’ below to find out how.

*Tax-free is the rate payable where interest is exempt from UK income tax. Your savings balance will be eligible for this tax benefit for so long as it is held in a valid cash ISA account.

The interest rate on a 1 Year Fixed Rate Saver is fixed for a year, so if you already hold one of these accounts with us, your interest rate will not change.

The interest rate on 1 Year Fixed Rate Saver accounts opened from today is 0.90% AER/gross* (fixed).

*AER stands for Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once a year. Gross is the interest rate payable before tax is deducted.

The underlying interest rate on your Maturity Saver is increasing to 0.90% AER/gross* (variable).

This increase is effective immediately and will automatically be applied to your account. You don’t need to do anything to get the new interest rate.

You might be able to earn a higher interest rate with another of our accounts. Learn about other available options here. 

*AER stands for Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once a year. Gross is the interest rate payable before tax is deducted.