Current savings interest rates are effective from 17 August 2023
Rate of interest payable and tax treatment depends on individual circumstances and may be subject to change in the future.
If the balance of the account falls below the minimum, a variable interest rate of 1.50% gross/AER* will be paid. The minimum balance for each account is determined by the lowest band.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. The "gross" interest rate quoted is the contractual rate of interest payable before the deduction of Income tax specified by law. The "tax exempt (free)" interest rate quoted is the contractual rate of interest payable where interest is exempt from Income tax.
Information on how to set up automated payments to your savings account can be found here.
If you are coming to a branch to open an account we would encourage you to make an appointment to ensure we have a Qualified Savings Adviser free to assist you. If you would like to book an appointment you can, book online, visit a branch, call 01635 555700 or request a call back to arrange one.