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.

Asset 30 Account (Issue Three) - £ pounds

Balance Gross % p.a. AER % p.a. Gross % p.a. New rate effective 20 September 2021 AER % p.a. New rate effective 20 September 2021
£5,000+ 0.25% 0.25% 0.15% 0.15%

Rates may vary and are correct as at 13 May 2020

Rates apply to Issue Three of this product.

  • The minimum opening deposit is £5,000
  • Interest is calculated daily and credited monthly
  • 30 days’ notice of withdrawal should be provided or there will be a charge equivalent to 30 days interest of the amount withdrawn
  • One ‘without notice' withdrawal free of charge each calendar year of up to £2,500 if the account balance is greater than £5,000
  • No interest is paid on accounts with balances below £5,000.

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.