Current and closed variable interest rates
For full product details, please take a look at the product special conditions and savings general terms and conditions.
To view interest rates, including bonus account interest rates, please refer to the following documents:
Please note:
- All interest will be paid gross without tax taken off.
- You may still be required to pay tax if your savings interest is above your Personal Savings Allowance (PSA). It is your responsibility to advise the appropriate tax authorities of any interest recovered.
- Please refer to the GOV.UK website for details on the different tax thresholds and what action may be required by you.
- We can deduct any tax from the rate of interest where we’re allowed to do so by law.
- If you are responsible for tax in a country other than the UK, or in addition to any UK tax responsibility you may have, we may provide details of your account to the tax authorities of these other countries if we’re required to do so by law.
Did you join us before July 2023?
Find out more information on your interest rates and terms and conditions.
Important information about the Personal Savings Allowance
You may still be required to pay tax if your savings interest is above your Personal Savings Allowance (PSA). The PSA exempts the first £1,000 of savings income from any tax for basic rate taxpayers and the first £500 for higher rate taxpayers, saving up to £200 off an annual tax bill. This does not apply to additional rate taxpayers.
This means that interest is paid gross and tax isn't deducted. Further information is available from HMRC by visiting the GOV.UK website.
Lets dive deeper
AER stands for Annual Equivalent Rate. It shows what the interest rate would be if interest was paid and added to an account once each year. The contractual rate of interest payable before the deduction of income tax is referred to as the gross rate. ISAs are exempt from income tax because interest is paid tax free.