OUR VARIABLE RATE SAVINGS ACCOUNTS HAVE DECREASED

The interest rates on the majority of our variable rate savings products have decreased from 11 March 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#New Rate Gross New Rate Gross AER#
Bond Saver 1st, 2nd, 3rd, 4th and 5th Issue     
Annual interest£1,000+3.10%3.10%2.85%2.85%
(Rate effective from 11 March 2025)     
      
Branch Saver 1st, 2nd, 3rd, 4th and 5th Issue     
Annual interest£5003.15%3.15%2.90%2.90%
(Rate effective from 11 March 2025)£1+3.05%3.05%2.80%2.80%
      
      
Deposit Branch Saver 1st and 2nd Issue      
Annual interest£1,000+3.15%3.15%2.90%2.90%
(Rate effective from 11 March 2025)     
      
Deposit Branch Saver 1st Issue (Clubs, Societies etc)     
Annual interest£500+3.15%3.15%2.90%2.90%
(Rate effective from 11 March 2025)£1+3.05%3.05%2.80%2.80%
      
Direct Access Share 1st and 2nd Issue     
Annual interest£50,000+3.10%3.10%2.85%2.85%
(Rate effective from 11 March 2025)£1+3.00%3.00%2.75%2.75%
      
Direct Access Deposit Personal     
Annual interest£50,000+3.10%3.10%2.85%2.85%
(Rate effective from 11 March 2025)£1+3.00%3.00%2.75%2.75%
      
      
Direct Access Deposit - 1st Issue 
   
Annual interest£50,000+3.10%3.10%2.85%2.85%
(Rate effective from 11 March 2025)£1,000+3.00%3.00%2.75%2.75%
      
      
Direct Access Deposit - 2nd Issue     
Annual interest£50,000+3.10%3.10%2.85%2.85%
(Rate effective from 11 March 2025)£1,000+3.00%3.00%2.75%2.75%
      
      
Instant Access     
Annual interest£50,000+3.10%3.10%2.85%2.85%
(Rate effective from 11 March 2025)£1+3.00%3.00%2.75%2.75%
      
      
Matured Capital Bond     
Annual interest£50,000+3.10%3.10%2.85%2.85%
(Rate effective from 11 March 2025)£1+3.00%3.00%2.75%2.75%
      
      
Matured Savings Bond     
Annual interest£50,000+3.10%3.10%2.85%2.85%
(Rate effective from 11 March 2025)£1+3.00%3.00%2.75%2.75%
      
      
Monthly Saver Account     
Annual interest£20+3.00%3.00%2.75%2.75%
(Rate effective from 11 March 2025)     
      
      
Ordinary Share     
Half-yearly£50,000+3.07%3.09%2.82%2.84%
(Rate effective from 11 March 2025)£1+2.97%2.99%2.72%2.74%
      
      
Personal Deposits      
Half-yearly£1+2.97%2.99%2.72%2.74%
(Rate effective from 11 March 2025)     
      
Capital Saver 1st, 2nd, 3rd and 5th Issue*     
Annual interest£20,000+3.80%3.80%3.55%3.55%
(Rate effective from 11 March 2025)     
      
Capital Saver 4th Issue*     
Annual interest£50,000+3.80%3.80%3.55%3.55%
(Rate effective from 11 March 2025)     
      
Classic Saver 1st, 2nd and 3rd Issue*     
Annual interest£20,000+3.80%3.80%3.55%3.55%
(Rate effective from 11 March 2025)     
      
Classic Saver 4th Issue*     
Annual interest£5,000+3.80%3.80%3.55%3.55%
(Rate effective from 11 March 2025)     
      
Online Saver 1st, 2nd and 3rd Issue*     
Annual interest£1003.80%3.80%3.55%3.55%
(Rate effective from 11 March 2025)     
      
      
AccountMinimum Balance Current Rate Gross Current Rate Tax-free^AER#New Rate Gross New Rate Tax-free^AER#
1st and 2nd Issue Cash ISA     
Annual interest£1+3.10%3.10%2.85%2.85%
(Rate effective from 11 March 2025)     
      
Guaranteed Cash ISA     
Annual interest£1+3.10%3.10%2.85%2.85%
(Rate effective from 11 March 2025)     
      
Online Cash ISA 1st Issue     
Annual interest£1003.10%3.10%2.85%2.85%
(Rate effective from 11 March 2025)     
      
AccountMinimum Balance Current Rate Gross Current Rate Gross AER#New Rate Gross New Rate Gross AER#
Monthly High Income     
Monthly interest£50,000+4.73%4.83%4.48%4.57%
(Rate effective from 6 April 2025)£1+4.64%4.74%4.39%4.48%
      
Monthly High Income     
Monthly interest£50,000+4.48%4.57%4.23%4.31%
(Rate effective from 9 June 2025)£1+4.39%4.48%4.14%4.22%
      
1st Issue 90 Day     
Annual interest£50,000+4.85%4.85%4.60%4.60%
(Rate effective from 6 April 2025)£1+4.75%4.75%4.50%4.50%
      
1st Issue 90 Day     
Annual interest£50,000+4.60%4.60%4.35%4.35%
(Rate effective from 9 June 2025)£1+4.50%4.50%4.25%4.25%
      
2nd Issue 90 Day     
Annual interest£50,000+4.85%4.85%4.60%4.60%
(Rate effective from 6 April 2025)£1+4.75%4.75%4.50%4.50%
      
2nd Issue 90 Day     
Annual interest£50,000+4.60%4.60%4.35%4.35%
(Rate effective from 9 June 2025)£1+4.50%4.50%4.25%4.25%
      
Direct 90 Notice      
Annual interest£50,000+4.85%4.85%4.60%4.60%
(Rate effective from 6 April 2025)£1+4.75%4.75%4.50%4.50%
      
Monthly interest£50,0004.73%4.83%4.48%4.57%
(Rate effective from 6 April 2025)£1+4.64%4.74%4.39%4.48%
      
Direct 90 Notice      
Annual interest£50,000+4.60%4.60%4.35%4.35%
(Rate effective from 9 June 2025)£1+4.50%4.50%4.25% 4.25%
      
Monthly interest£50,000+4.48%4.57%4.23%4.31%
(Rate effective from 9 June 2025)£1+4.39%4.48%4.14%4.22%
      
1st Issue Capital 120     
Annual interest £20,000+4.90%4.90%4.65%4.65%
(Rate effective from 6 May 2025)     
      
1st Issue Capital 120     
Annual interest £20,000+4.65%4.65%4.40%4.40%
(Rate effective from 9 July 2025)     
      
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+4.35%4.35%4.10%4.10%
(Rate effective from 25 April 2025)£1+4.10%4.10%3.85%3.85%

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).