Savings

Interest rates and charges

Personal Savings Accounts currently available

Account name Balance Gross Interest Rate/AER (variable) Charges Additional Information
Instant Saver 2 Account £100 and over Effective from 10th August 2020: 0.01% 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.
Direct Transfer Account 2 £100 and over Effective from 10th August 2020: 0.01% 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 £100 and over Effective from 23rd March 2020: 0.10% 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 25th May 2021: 0.01% 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 1st December 2017: 0.10% 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 12th December 2016: 0.01%
Pension Fund Deposit Account 2 £500 and over Effective from 12th December 2016: 0.01%
Maturity Base Rate Tracker £100 and over Effective from 23rd March 2020: 0.10% 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.

Personal Savings Accounts No Longer Available

Account name Balance Gross Interest Rate/AER Charges Additional Information
Internet Saver Account £100 and over Effective from 10th August 2020: 0.01% 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.
Instant Saver Account £100 and over Effective from 10th August 2020: 0.01%
Instant Saver plus Account £100 and over Effective from 10th August 2020: 0.01%
Instant Transfer Account £100 and over Effective from 10th August 2020: 0.01%
60 Day Notice Account £50,000 and over Effective from 10th August 2020: 0.10%
£100 to £49,999 Effective from 10th August 2020: 0.05%
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 10th August 2020: 0.01% 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.
Cash ISA £100 and over Effective from 10th August 2020: 0.05%
E-Cash ISA £10 and over Effective from 10th August 2020: 0.30%
E-Cash ISA 2 £10 and over Effective from 25th May 2021: 0.01%

Non Personal Savings Accounts No Longer Available

Account name Balance Gross Interest Rate/AER (variable) Charges Additional Information
Business Deposit Account £500 and over Effective from 23rd February 2017: 0.01% 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.
Pension Fund Deposit Account £500 and over Effective from 23rd February 2017: 0.01%
Trust Fund Deposit account £500 and over Effective from 23rd February 2017: 0.01%
Cash Investment Account £500 and over Effective from 23rd February 2017: 0.01% 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 12th December 2016: 0.00%
Cash Investment Account 95 Day Notice £500 and over Effective from 12th December 2016: 0.05%
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.