Interest rates

Listed below are the current interest rates for our on sale and off sale bank accounts and savings products. All of our accounts, excluding Fixed Term Deposits, are subject to variable rates of interest.

Please note that the interest rates on some of our accounts are changing. You can find information on what the rates will be changing to and on what date in the interest rate tables relevant to each account.

Term Maturity Account [Off Sale] - £ pounds

Balance Gross % p.a. AER % p.a.
£0+ 0.01% 0.01%

Rates may vary and are correct as at 13 May 2020

  • Interest is calculated daily and credited to your account on the last day of the month.
  • This account is only available to customers with a maturing Term Deposit, no further deposits can be made.
  • The option to add to or partially withdraw from the account is not available.
  • Only withdrawals are permitted from this account.

The gross rate is the interest rate we pay where no income tax has been deducted.

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year.