To view the current interest rates applying to your savings please click on the account type below.
Current Savings Accounts (rates effective from 23 May 2008 unless otherwise stated)
Guaranteed Cash ISA 2008/09 (rate
effective from 1 July 2008)
Second Issue ISA
Index Linked Cash ISA
Direct Access Share
Monthly Saver
Direct 90 Notice
Savings Bond 26th Issue one year term (available
from 18 August 2008)
Savings Bond 25th Issue three year term (available
from 16 June 2008)
Savings Accounts no longer available (rates effective from 23 May 2008 unless
otherwise stated)
Guaranteed Cash ISA 2007/08
Guaranteed Cash ISA 2006/07
Guaranteed Cash ISA 2005/06
First Issue ISA
Monthly High Income
90 Day 1st Issue
90 Day 2nd Issue
Ordinary Share
Instant Access
Direct Access Deposit
Personal Deposit
Current Savings Accounts
(Rates effective from 23 May 2008 unless otherwise stated)
| PRODUCTS | Balance | Gross | Net | Gross AER | |
|---|---|---|---|---|---|
| Guaranteed Cash ISA 2008/09 (rate effective 1 July 2008 ) Annual Interest |
£1+ | 6.01% | Tax Free | 6.01% | back to top |
| Second Issue ISA Annual Interest |
£1+ | 5.26% | Tax Free | 5.26% | back to top |
| Direct Access Share Annual Interest |
£50,000+ | 4.95% | 3.96% | 4.95% | |
| £1+ | 4.71% | 3.77% | 4.71% | back to top | |
| Monthly Saver Annual Interest |
£20+ | 4.95% | 3.96% | 4.95% | back to top |
| Direct 90 Notice Annual Interest |
£50,000+ | 5.05% | 4.04% | 5.05% | |
| £5,000+ | 4.86% | 3.89% | 4.86% | ||
| Monthly Interest | £50,000+ | 4.80% | 3.84% | 4.91% | |
| £5,000+ | 4.61% | 3.69% | 4.71% | back to top | |
| 26th Issue Savings Bond 1 year term (rate effective 18 August 2008) Annual Interest |
£1,000+ | 7.11% | 5.69% | 7.11% | |
| Monthly Interest | £5,000+ | 6.89% | 5.51% | 7.11% | back to top |
| 25th Issue Savings Bond 3 year term (rate effective 16 June 2008) Annual Interest |
£1,000+ | 6.25% | 5.00% | 6.25% | |
| Monthly Interest | £5,000+ | 6.08% | 4.86% | 6.25% | back to top |
What were the previous interest rates?
Savings Accounts no longer available
(Rates effective from 23 May 2008 unless otherwise stated)
| PRODUCTS | Balance | Gross | Net | Gross AER | |
|---|---|---|---|---|---|
| Guaranteed Cash ISA 2005/06, 2006/07, 2007/08 Annual Interest |
£1+ | 5.26% | Tax Free | 5.26% | back to top |
| First Issue ISA Annual Interest |
£1+ | 5.26% | Tax Free | 5.26% | back to top |
| Instant/Direct Access Deposit Annual Interest |
£50,000+ | 4.95% | 3.96% | 4.95% | |
| £1+ | 4.71% | 3.77% | 4.71% | back to top | |
| Ordinary Share Half Yearly |
£50,000+ | 4.95% | 3.96% | 5.01% | |
| £1+ | 4.71% | 3.77% | 4.77% | back to top | |
| Personal Deposit Half Yearly |
£1+ | 4.61% | 3.69% | 4.66% | back to top |
| Monthly High Income Monthly Interest |
£50,000+ | 4.80% | 3.84% | 4.91% | |
| £5,000+ | 4.61% | 3.69% | 4.71% | back to top | |
| 90 Day 1st Issue Annual Interest |
£10,000+ | 5.05% | 4.04% | 5.05% | back to top |
| 90 Day 2nd Issue Annual Interest |
£50,000+ | 5.05% | 4.04% | 5.05% | |
| £1,000+ | 4.86% | 3.89% | 4.86% | back to top |
What were the previous interest rates?
AER stands for Annual Equivalent Rate and illustrates what the annual rate would be if interest was compounded.
Gross interest is the rate payable before the deduction of income tax at the rate specified by law (currently 20%) and can only be paid or credited subject to the required certification.
Net interest is the rate payable after the deduction of income tax at the rate specified by law (currently 20%). Where the tax deducted exceeds an individual's tax liability (if any) a claim may be made to HM Revenue & Customs for repayment of tax. Individuals whose income falls within the basic rate band will have no more tax to pay on their interest. Individuals who are higher rate tax payers will have to pay the extra tax due on their interest (the difference between tax deducted at 20% and the higher rate of 40%).
Tax Free - interest is paid tax free as it is currently exempt from income tax. The future tax treatment of Individual Savings Accounts may vary.
