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Interest rates that apply to our savings accounts

Savings account rates

On this page
Our rates are changing
Instant Saver account
Savings Builder account
Premium Saver account
First Saver account
Card Plus account
Our savings account interest rates

Our savings interest rates are changing

On 20th January 2025, we will be reducing the interest rates paid on the following savings accounts:

  • Instant Saver account
  • Savings Builder account
  • Premium Saver account
  • First Saver account
  • Card Plus account

Instant Saver account

Rate change effective from 20/01/2025

Balance

£1 – £50,000
Over £50,000

AER / Gross p.a. (variable)

Up to 19/01/2025
2.02% / 2.00%
2.07% / 2.05%

AER / Gross p.a. (variable)

From 20/01/2025
1.81% / 1.80%
1.87% / 1.85%

Savings Builder account

Rate change effective from 20/01/2025

Balance grows by less than £50 a month: regular saving condition is not met

Balance

£1 – £10,000
Over £10,000

AER / Gross p.a. (variable)

Up to 19/01/2025
2.02% / 2.00%
2.02% / 2.00%

AER / Gross p.a. (variable)

From 20/01/2025
1.81% / 1.80%
1.81% / 1.80%

Balance grows by at least £50 a month: regular saving condition is met

Balance

£1 – £10,000
Over £10,000

AER / Gross p.a. (variable)

Up to 19/01/2025
5.12% / 5.00%
2.02% / 2.00%

AER / Gross p.a. (variable)

From 20/01/2025
4.85% / 4.75%
1.81% / 1.80%

Premium Saver account

Rate change effective from 20/01/2025

One or more withdrawals made in month: bonus condition is not met

Balance

£1 – £24,999
£25,000 – £49,999
£50,000 – £1,000,000
£1,000,000+

AER / Gross p.a. (variable)

Up to 19/01/2025
2.32% / 2.30%
2.32% / 2.30%
2.32% / 2.30%
2.73% / 2.70%

AER / Gross p.a. (variable)

From 20/01/2025
2.12% / 2.10%
2.12% / 2.10%
2.12% / 2.10%
2.53% / 2.50%

No withdrawals made in month: bonus condition is met

Balance

£1 – £24,999
£25,000 – £49,999
£50,000 – £1,000,000
£1,000,000+

AER / Gross p.a. (variable)

Up to 19/01/2025
2.32% / 2.30%
2.43% / 2.40%
2.53% / 2.50%
2.73% / 2.70%

AER / Gross p.a. (variable)

From 20/01/2025
2.12% / 2.10%
2.22% / 2.20%
2.32% / 2.30%
2.53% / 2.50%

First Saver account

Rate change effective from 20/01/2025

Balance

£1+

AER / Gross p.a. (variable)

Up to 19/01/2025
2.22% / 2.20%

AER / Gross p.a. (variable)

From 20/01/2025
2.02% / 2.00%

Card Plus account

Rate change effective from 20/01/2025

Balance

£1+

AER / Gross p..a. (variable)

Up to 19/01/2025
5.12% / 5.00%

AER / Gross p.a. (variable)

From 20/01/2025
4.85% / 4.75%

Our savings account interest rates

The savings account rates document includes key information you need to know about our savings accounts. It should be read together with the Personal Banking Account Terms and Fees and forms part of our agreement with you. Please keep it for future reference.