Rate correct as at 1 September 2023
|All credit balances
Interest is calculated daily and paid into your account at the end of October each year.
Interest is paid 'gross'. This means that we do not deduct tax from the interest we pay. Depending on your personal circumstances, you may have to pay tax on your interest (this may change in the future).
AER stands for 'Annual Equivalent Rate' and illustrates what the interest rate would be if interest was paid and compounded (paid on the total balance including previous interest) once each year.
The rate of interest is variable and subject to change in the future. We will give you two months' written notice of any reductions to the credit interest rate. If we increase the credit interest rate on your account we will make the change immediately.
This account is not suitable for day-to-day banking.
You will be sent a statement at least every 6 months. With eBanking, you can ask us to make your statements available electronically rather than as paper copies.
Our Mobile Banking app is available for iOS and Android devices.
Our eBanking and Mobile Banking app may be temporarily unavailable when we carry out routine maintenance.