OUR VARIABLE RATE SAVINGS ACCOUNTS HAVE DECREASED

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The interest rates on the majority of our variable rate savings products have decreased from 9 June 2025 – you can find full details below. We have notified those customers affected by email or by letter. 

AccountMinimum Balance Current Rate Gross Current Rate Gross AER#
Monthly High Income   
Monthly interest£50,000+4.23%4.31%
(Rate effective from 9 June 2025)£1+4.14%4.22%
    
1st Issue 90 Day   
Annual interest£50,000+4.35%4.35%
(Rate effective from 9 June 2025)£1+4.25%4.25%
    
2nd Issue 90 Day   
Annual interest£50,000+4.35%4.35%
(Rate effective from 9 June 2025)£1+4.25%4.25%
    
Direct 90 Notice    
Annual interest£50,000+4.35%4.35%
(Rate effective from 9 June 2025)£1+4.25% 4.25%
    
Monthly interest£50,000+4.23%4.31%
(Rate effective from 9 June 2025)£1+4.14%4.22%
    
1st Issue Capital 120   
Annual interest £20,000+4.40%4.40%
(Rate effective from 9 July 2025)   
    

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).