0.85% on balances £1 and over. The interest rate is variable, so it could go up or down.
Interest rate AER/Gross p.a (variable)
- 0.45% on balances £1 and over
Balance grows by at least £50 a month
Regular saving condition is met
- 1.50% for balances between £1 and £5,000
- 1.50% for balances between £5,001 and £10,000
- 0.45% for balances over £10,000
Balance grows by less than £50 a month
Regular saving condition is not met
- 0.00% for all balances over £1
With bonus interest
No withdrawals made in any month
- 0.20% for balances between £1 and £24,999 (no bonus paid)
- 0.60% for balances between £25,000 and £49,999 (inc.40% bonus)
- 0.85% for balances between £50,000 and £1,000,000 (inc. 65% bonus)
- 0.45% for balances over £1,000,000 (no bonus paid)
Without bonus interest
One or more withdrawals made in any month
- 0.20% for balances between £1 - £999,999
- 0.45% for all balances over £1,000,000
How do I earn interest?
You'll earn one rate of interest on your entire account balance. There are no regular saving conditions or monthly bonus conditions with this account.
To earn interest each month, your balance must grow by at least £50. Our monthly interest cycle runs from close of business on the second-last business day of one month, to close of business on the second-last business day of the following month.
Close of business times depend on whether you pay in your money in-branch or by using our telephone, online or mobile banking services.
To earn the bonus in each monthly bonus period, your account balance must be between £25,000 and £1,000,000, and you must not make any withdrawals from your account for that month.
A monthly bonus period runs from close of business on the second-last business day of one month, to close of business on the second-last business day of the following month.
Close of business times differ depend on whether you pay in your money in branch, or by using our telephone, online or mobile banking services.
Minimum deposit to open an account
£1
£1
£1
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Interest is calculated daily and paid on the first business day of the month and at account closure. You’ll be able to see and access the interest in your account on the following day.
Interest is calculated daily and paid on the first business day of the month and at account closure. You’ll be able to see and access the interest in your account on the following day.
Interest is calculated daily and paid on the first business day of the month and at account closure. You’ll be able to see and access the interest in your account on the following day.
