OUR VARIABLE RATE SAVINGS ACCOUNTS HAVE INCREASED

Our variable rate savings products have increased from 31 August 2023 – you can find full details below. We will shortly be notifying those customers affected by email or by letter. 

New rates effective from 31 August 2023.  

Please note that only our 2nd Issue Business Saver and 2nd Issue Club Saver savings accounts are available for new account openings.

AccountMinimum balance Current Rate Gross Current Rate Gross AER#New Rate Gross New Rate Gross AER#
Bond Saver 1st, 2nd, 3rd, 4th and 5th Issue     
Annual Interest£1,000+3.00%3.00%3.50%3.50%
      
Branch Saver 1st, 2nd, 3rd, 4th and 5th Issue     
Annual Interest£5003.05%3.05%3.55%3.55%
 £1+2.95%2.95%3.45%3.45%
      
Deposit Branch Saver 1st and 2nd Issue      
Annual Interest£1,000+3.05%3.05%3.55%3.55%
      
Deposit Branch Saver 1st Issue (Clubs, Societies etc)     
Annual Interest£500+3.05%3.05%3.55%3.55%
 £1+2.95%2.95%3.45%3.45%
      
Direct Access Share 1st and 2nd Issue     
Annual Interest£50,000+3.00%3.00%3.50%3.50%
 £1+2.90%2.90%3.40%3.40%
      
Direct Access Deposit Personal and Unincorporated Gross     
Annual Interest£50,000+3.00%3.00%3.50%3.50%
 £1+2.90%2.90%3.40%3.40%
      
Direct Access Deposit - 1st Issue 
   
Annual Interest£50,000+3.00%3.00%3.50%3.50%
 £1,000+2.90%2.90%3.40%3.40%
      
Direct Access Deposit - 2nd Issue     
Annual Interest£50,000+3.00%3.00%3.50%3.50%
 £1,000+2.90%2.90%3.40%3.40%
      
      
Instant Access     
Annual Interest£50,000+3.00%3.00%3.50%3.50%
 £1+2.90%2.90%3.40%3.40%
      
Matured Capital Bond     
Annual Interest£50,000+3.00%3.00%3.50%3.50%
 £1+2.90%2.90%3.40%3.40%
      
Matured Savings Bond     
Annual Interest£50,000+3.00%3.00%3.50%3.50%
 £1+2.90%2.90%3.40%3.40%
      
Monthly Saver Account     
Annual Interest£20+2.90%2.90%3.40%3.40%
      
Ordinary Share     
Half-yearly£50,000+2.98%3.00%3.47%3.50%
 £1+2.88%2.90%3.37%3.40%
      
Personal Deposits      
Half-yearly£1+2.88%2.90%3.37%3.40%
      
Capital Saver 1st, 2nd, 3rd and 5th Issue*     
Annual Interest£20,000+3.50%3.50%4.30%4.30%
      
Capital Saver 4th Issue*     
Annual Interest£50,000+3.50%3.50%4.30%4.30%
      
Classic Saver 1st, 2nd and 3rd Issue*     
Annual Interest£20,000+3.50%3.50%4.30%4.30%
      
Classic Saver 4th Issue*     
Annual Interest£5,000+3.50%3.50%4.30%4.30%
      
Online Saver 1st, 2nd and 3rd Issue*£1003.50%3.50%4.30%4.30%
      
      

 

AccountMinimum balance Current Rate Gross Current Rate Gross AER#New Rate Gross New Rate Gross AER#
1st and 2nd Issue Business Saver     
Annual Interest£50,000+2.50%2.50%2.75%2.75%
 £1,000+2.40%2.40%2.65%2.65%
      
1st and 2nd Club Saver     
Annual Interest£50,000+2.50%2.50%2.75%2.75%
 £1,000+2.40%2.40%2.65%2.65%
      
AccountMinimum balance Current Rate Gross Current Rate Tax-free^AER#New Rate Gross New Rate Tax-free^AER#
1st Issue Cash ISA     
Annual Interest£1+3.00%3.00%3.50%3.50%
      
Guaranteed Cash ISA     
Annual Interest£1+3.00%3.00%3.50%3.50%
      
1st, 2nd, 3rd, 4th and 5th Issue 45 Day Notice Cash ISA     
Annual Interest£30,000+3.20%3.20%4.05%4.05%
 £3,000+3.00%3.00%3.85%3.85%
      
Online Cash ISA 1st Issue     
Annual Interest£1003.00%3.00%3.50%3.50%
      
AccountMinimum balance Current Rate Gross Current Rate Gross AER#New Rate Gross New Rate Gross AER#
Monthly High Income     
Monthly Interest£50,000+4.17%4.25%4.98%5.10%
 £1+4.07%4.15%4.89%5.00%
      
1st Issue 90 Day     
Annual Interest£50,000+4.25%4.25%5.10%5.10%
 £1+4.15%4.15%5.00%5.00%
      
2nd Issue 90 Day     
Annual Interest£50,000+4.25%4.25%5.10%5.10%
 £1+4.15%4.15%5.00%5.00%
      
Direct 90 Notice      
Annual Interest£50,000+4.25%4.25%5.10%5.10%
 £1+4.15%4.15%5.00%5.00%
      
Monthly Interest£50,0004.17%4.25%4.98%5.10%
 £1+4.07%4.15%4.89%5.00%
      
Notice Saver 1st, 2nd, 3rd and 4th Issue Annual     
 £50,000+3.35%3.35%4.05%4.05%
 £1,000+3.00%3.00%3.70%3.70%
      
Notice Saver 1st Issue Monthly     
Monthly Interest£50,000+3.30%3.35%3.98%4.05%
 £1,000+2.96%3.00%3.64%3.70%
      
Notice Saver 3rd and 4th Issue Monthly     
Monthly Interest£50,000+3.30%3.35%3.98%4.055%
 £5,000+2.96%3.00%3.64%3.70%
      
      
1st Issue Capital 120     
Annual Interest£20,000+4.30%4.30%5.15%5.15%
      
      
Deposit Notice Saver 1st, 2nd, 3rd and 4th Issue     
 £50,000+3.35%3.35%4.05%4.05%
 £1,000+3.00%3.00%3.70%3.70%
AccountMinimum balance Current Rate Gross Current Rate Tax-free^AER#New Rate Gross New Rate Tax-free^AER#
1st Issue Cash Junior ISA     
Annual Interest£3,000+4.10%4.10%4.60%4.60%
 £1+3.85%3.85%4.35%4.35%

Notes:

#AER stands for Annual Equivalent Rate and illustrates what the annual rate would be if interest was compounded.

^Interest is paid tax-free as it is currently exempt from income tax. The future tax treatment of Individual Savings Accounts may vary.


~A maximum withdrawal limit of £25,000 per day, per account applies.

*No additional funds can be paid into these account(s).