Interest rates and charges

Current interest rates and charges

Effective from 31 August 2018:

Balance tierAER/tax-free (variable)Charges
£10 and above 0.60% Withdrawals by CHAPS transfer to another UK account - £25
We may charge for duplicate statements - £5

 

Previous interest rates

For previous interest rate information for your account please contact our customer service team on 0345 845 0829.


Interest payment periods

Interest can be paid annually on 1 April, or twice yearly on 1 April and 1 October.

 

Definitions

Tax Free – This is the contractual rate of interest payable where interest is exempt from income tax.

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).

The AER advertised is based on interest paid gross and capitalised to the account once a year – please note that other interest payment periods are 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.

 

 

Summary box
Key product information for our Savings Account(s)

Account name E-Cash ISA 3
Interest rates
(AERs)

Please see above for full information.

Tax status Tax free savings. Interest is payable gross as long as HM Revenue and Customs requirements are met.
Conditions for bonus payment No bonus payment applies to this account.
Withdrawal arrangements No notice period or penalties for withdrawals.
Access Internet, telephone and post

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Scottish Widows Limited. Registered in England and Wales No. 3196171. Registered office in the United Kingdom at 25 Gresham Street, London EC2V 7HN. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 181655.

Scottish Widows Unit Trust Managers Limited. Registered in England and Wales No. 1629925. Registered Office in the United Kingdom at Charlton Place, Andover, Hampshire SP10 1RE. Tel: 0345 300 2244. Authorised and regulated by the Financial Conduct Authority. Financial Services Register number 122129.

HBOS Investment Fund Managers Limited, registered in England number 941082. Registered office in the United Kingdom at Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority. Financial Services Register number 119223.

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.

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