Previous interest rates and fees.

These rates are provided for information only.

These were the interest rates we paid on balances that were in credit.

Date

Account

Balance

AER

Gross (before tax each year)

Net (after tax each year)

Prior to 06 Dec 2009

Ultimate Reward Current Account

The first £2,500

2.50%

2.47%

1.98%

Prior to 06 Dec 2009

Ultimate Reward Current Account

Any amount over £2,500

0.10%

0.10%

0.08%

Prior to 06 Dec 2009

Current Account

Any amount

0.10%

0.10%

0.08%

Prior to 20 Feb 2009

Student Current Account

Any amount

2.02%

2.00%

1.60%

Prior to 24 Sept 2018

Cardcash^
(People under 18)

Any amount

1.51%

1.50%

1.20%

Prior to 24 Sept 2018

Expresscash

Any amount

1.51%

1.50%

1.20%

Prior to 06 Dec 2009


Balance

The first £2,500

AER

2.50%

Gross (before tax each year)

2.47%

Net (after tax each year)

1.98%

Prior to 06 Dec 2009


Balance

Any amount over £2,500

AER

0.10%

Gross (before tax each year)

0.10%

Net (after tax each year)

0.08%

Prior to 06 Dec 2009


Account

Balance

Any amount

AER

0.10%

Gross (before tax each year)

0.10%

Net (after tax each year)

0.08%

Prior to 20 Feb 2009


Balance

Any amount

AER

2.02%

Gross (before tax each year)

2.00%

Net (after tax each year)

1.60%

Prior to 24 Sept 2018


Account

Cardcash^
(People under 18)

Balance

Any amount

AER

1.51%

Gross (before tax each year)

1.50%

Net (after tax each year)

1.20%

Prior to 24 Sept 2018


Account

Balance

Any amount

AER

1.51%

Gross (before tax each year)

1.50%

Net (after tax each year)

1.20%

The annual equivalent rate (AER) shows what the interest rate would be if we paid interest on the full balance once a year.

Please note interest paid before 6th April 2016 will have been paid net (unless you registered the account with us to receive gross interest). Net is the rate of interest payable after allowing for the deduction of income tax at the rate specified by law (currently 20%).

From 6th April 2016 interest is paid Gross, meaning we will not deduct tax on your behalf. Dependent on your personal circumstances, tax may be due on your interest and it is your responsibility to disclose and pay any tax due directly to HMRC.


Arranged overdrafts

Find out everything you need to know about our arranged overdrafts, such as interest rates, managing your arranged overdraft limit and more.


^Please note that we don't pay interest on balances that are in credit in Cardcash accounts held by customers over 18.