Savings interest rates
Interest rates and Charges
Personal Savings Accounts currently available
| Account name | Balance | Gross Interest Rate/AER (variable) | Charges | Additional Information |
|---|---|---|---|---|
| Direct Transfer Account 2 | £100 and over | Effective from 22nd August 2023: 1.55% | Withdrawals by CHAPS transfer to another UK account: £25 We may charge for duplicate statements: £5 |
For previous interest rates contact our customer service team on 0345 845 0829 Applications for this account must be submitted via a financial adviser. |
Maturity Base Rate Tracker EXISTING CUSTOMERS ONLY |
£100 and over | Effective from 04/08/2023: 5.25% | For previous interest rates contact our customer service team on 0345 845 0829 This account is only available to existing Fixed Term Deposit Account holders whose accounts are due to mature. |
| Account name | Balance | AER/Tax free (variable) | Charges | Additional Information |
|---|---|---|---|---|
| E-Cash ISA 3 | £10 and over | Effective from 22nd August 2023: 1.55% | Withdrawals by CHAPS transfer to another UK account: £25 We may charge for duplicate statements: £5 |
For previous interest rates contact our customer service team on 0345 845 0829 |
Non Personal Savings Accounts currently available
| Account name | Balance | Gross Interest Rate/AER | Charges | Additional Information |
|---|---|---|---|---|
| Charity Deposit Account | £500 and over | Effective from 22nd August 2023: 1.55% | Withdrawals by CHAPS transfer to another UK account: £25 We may charge for duplicate statements: £5 |
For previous interest rates contact our customer service team on 0345 845 0829 |
| Club and Association Deposit Account | £500 and over | Effective from 22nd August 2023: 1.55% | ||
| Pension Fund Deposit Account 2 | £500 and over | Effective from 22nd August 2023: 1.55% | ||
| Maturity Base Rate Tracker | £100 and over | Effective from 04/08/2023: 5.25% | For previous interest rates contact our customer service team on 0345 845 0829 This account is only available to existing Fixed Term Deposit Account holders whose accounts are due to mature. |
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Account name Balance Gross Interest Rate/AER Charges Additional Information Instant Saver 2 Account £100 and over Effective from 22nd August 2023: 1.55% Withdrawals by CHAPS transfer to another UK account: £25
We may charge for duplicate statements: £5For previous interest rates contact our customer service team on 0345 845 0829. Internet Saver Account £100 and over Effective from 22nd August 2023: 1.55% Instant Saver Account £100 and over Effective from 22nd August 2023: 1.55% Instant Saver plus Account £100 and over Effective from 22nd August 2023: 1.55% Instant Transfer Account £100 and over Effective from 22nd August 2023: 1.55% 60 Day Notice Account £50,000 and over Effective from 22nd August 2023: 1.65% £100 to £49,999 Effective from 22nd August 2023: 1.60% 1 Year Fixed Term Deposit Account For general information, or information about any specific issue, contact our customer service team on 0345 845 0829 3 Year Fixed Term Deposit Account For general information, or information about any specific issue, contact our customer service team on 0345 845 0829 5 Year Fixed Term Deposit Account For general information, or information about any specific issue, contact our customer service team on 0345 845 0829 Direct Transfer Account £100 and over Effective from 22nd August 2023: 1.55% Withdrawals by CHAPS transfer to another UK account: £25
We may charge for duplicate statements: £5For previous interest rates contact our customer service team on 0345 845 0829 Cash ISA £100 and over Effective from 22nd August 2023: 1.55% E-Cash ISA £10 and over Effective from 22nd August 2023: 1.55% E-Cash ISA 2 £10 and over Effective from 22nd August 2023: 1.55% -
Account name Balance Gross Interest Rate/AER (variable) Charges Additional Information Business Deposit Account £500 and over Effective from 22nd August 2023: 1.55% Withdrawals by CHAPS transfer to another UK account: £25
We may charge for duplicate statements: £5For previous interest rates contact our customer service team on 0345 845 0829 Pension Fund Deposit Account £500 and over Effective from 22nd August 2023: 1.55% Trust Fund Deposit account £500 and over Effective from 22nd August 2023: 1.55% Cash Investment Account £500 and over Effective from 22nd August 2023: 1.55% For previous interest rates contact our customer service team on 0345 845 0829
These accounts are sold via intermediaries only.Cash Investment Account 2 £500 and over Effective from 22nd August 2023: 1.55% Cash Investment Account 95 Day Notice £500 and over Effective from 22nd August 2023: 1.60% 1 Year Fixed Term Deposit Account For general information, or information about any specific issue, contact our customer service team on 0345 845 0829 3 Year Fixed Term Deposit Account For general information, or information about any specific issue, contact our customer service team on 0345 845 0829 5 Year Fixed Term Deposit Account For general information, or information about any specific issue, contact our customer service team on 0345 845 0829 1 Year Fixed Term Pension Fund Deposit Account For general information, or information about any specific issue, contact our customer service team on 0345 845 0829 3 Year Fixed Term Pension Fund Deposit Account For general information, or information about any specific issue, contact our customer service team on 0345 845 0829 5 Year Fixed Term Pension Fund Deposit Account For general information, or information about any specific issue, contact our customer service team on 0345 845 0829
Personal Savings Accounts that have been withdrawn
The following personal savings accounts have been withdrawn. If you held one of these accounts and didn’t close it before it was withdrawn your money was automatically transferred to an Instant Saver 2 Account. Your account number won’t have changed.
| Account name | Date withdrawn |
|---|---|
| Goldchip Account | 10th March 2014 |
| Spinal Injuries Scotland Savings Account | 10th March 2014 |
| Scotland Rugby Savings Account | 10th March 2014 |
| Pompey Soccersave Account | 7th April 2014 |
| VIP Premier Account | 29th May 2017 |
| Loyalty 60 Day Notice Account | 29th May 2017 |
| Loyalty Instant Transfer Account | 29th May 2017 |
Non Personal Savings Accounts that have been withdrawn
The following non personal savings accounts have been withdrawn. If you held one of these accounts and didn’t close it before it was withdrawn your money was automatically transferred to a Business Deposit Account (see Non Personal Savings Accounts No Longer Available). Your account number won’t have changed.
| Account name | Date withdrawn |
|---|---|
| Treasury Tracker Account | 10th March 2014 |
| Treasury Tracker 60 Day Notice Account | 10th March 2014 |
| Scotland Rugby Treasury Account | 10th March 2014 |
For information about previous interest rates please contact our customer service team on 0345 845 0829. Lines are open 8am to 6pm Monday to Friday.
Definitions
AER — Stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. (As every advertisement for a savings product which quotes an interest rate will contain an AER, you will be able to compare more easily what return you can expect from your savings over time).
Gross — Gross rate means that we will not deduct tax automatically from interest payments. The account holder is responsible for paying any tax due to HMRC.
Tax free — This is the contractual rate of interest payable where interest is exempt from income tax.
The AER advertised is based on interest paid gross and capitalised to the account once a year – please note that other interest payment periods may be available and the actual interest rate on your account will be lower if you have interest applied more frequently, but when compounded will equal the AER.
Financial Services Compensation Scheme
Scottish Widows Bank is a trading name of Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales, no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under number 119278.