Want to earn fixed interest for two years on your savings? Check out our Fixed Saver.
We are making some changes to our general account terms and conditions from the 8 June and will provide a ‘guide to changes’ that explains these in your account opening documentation.
0.40% gross/AER on balances of £1 or more for 24 months from account opening.
You can choose to have this paid monthly, or after each year on the date you opened the account.
No. This account has a fixed rate of interest so the rate won’t change during the term.
For example, if you deposit £1000.00 the balance after 24 months will be £1008.01.
This account can be opened and managed:
Bear in mind:
You can’t make withdrawals from this account, but you can close the account early. Bear in mind that if you close the account early, you’ll be charged the equivalent of 180 days’ gross interest. This means you may get back less than you put in.
After 24 months the account will change to an Instant Saver. Before this happens, we'll contact you to explain your options and next steps.
Gross rate means we won’t deduct tax automatically from the interest we pay on money in your account. It’s your responsibility to pay any tax you may owe to HM Revenue & Customs (HMRC).
AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account which shows an interest rate, you will see the AER. This means you can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.
For more definitions, view our savings glossary.
You've a chance of winning one of 3 top prizes of £100,000, if you register and hold £5,000 in a qualifying account during the whole calendar month before each draw.