Savings accounts

Previous interest rates

The following sum shows how interest is calculated:

Daily Cleared Balance x Gross Annual Rate / 36500 = Daily Gross Interest

Current interest rates can be found in the Current Interest Rates page.

Archived interest rates can be found in the Archived Interest Rates page.

Cash ISA

Effective from 25th April 2008

  Gross % AER% Net% Interest Credited
£1 - £2,999 4.75 4.75 - Interest paid annually on 5th April Maximum investment for cash ISA: £3600
£3,000 - £5,999 4.75 4.75 -
£6,000 - £8,999
 4.75 4.75 -
£9,000 - £14,999
 4.75 4.75 -
£15,000+
 4.75 4.75 -

Current Rates

Cash Saver

Effective from 25th April 2008

Unavailable to new customers

  Gross % AER% Net% Interest Credited
£1 - £4,999 0.68 0.68 0.55 Interest paid on full balance twice a year
£5,000 - £9,999 0.81 0.81 0.65
£10,000 - £49,999
 1.06 1.06 0.85
£50,000+
 1.56 1.56 1.25

Current Rates

Deposit

Effective from 25th April 2008

Unavailable to new customers

  Gross % AER% Net% Interest Credited
£1 - £4,999 0.62 0.62 0.50 Interest paid on full balance twice a year
£5,000 - £9,999 0.87 0.87 0.70
£10,000 - £49,999
 1.12 1.12 0.90
£50,000+
 1.62 1.63 1.30

Current Rates

Fixed Term Deposits

Effective from 7th November 2008

  Gross % AER% Net% Interest Credited
1 year (on maturity) 5.25 5.25 4.20 Interest paid monthly / Interest paid on maturity
2 year (on maturity) 5.25 5.25 4.20
3 year (on maturity) 5.25 5.25 4.20
1 year (monthly) 5.12 5.24 4.10
2 year (monthly) 5.12 5.24 4.10
3 year (monthly) 5.12 5.24 4.10

Current Rates

High Interest Tracker

Effective from 10th April 2008

Unavailable to new customers

  Gross % AER% Net% Interest Credited
Standard rate (£1) 4.75 4.75 3.80 Yearly

Current Rates

Investment 90

Effective from 25th April 2008

Unavailable to new customers from 9th April 1996

  Gross % AER% Net% Interest Credited
£1 - £4,999 0.78 0.78 0.62 Half yearly (or monthly)
£5,000 - £9,999 1.03 1.03 0.82
£10,000 - £24,999 1.53 1.53 1.22
£25,000 - £49,999 2.03 2.03 1.62
£50,000+ 2.53 2.53 2.02

Current Rates

Pathfinder

Effective from 25th April 2008

Unavailable to new customers

  Gross % AER% Net% Interest Credited
£1 - £2,499 0.28 0.28 0.22 Monthly
£2,500 - £4,999 0.28 0.28 0.22
£5,000 - £14,999 0.78 0.78 0.62
£15,000 - £49,999 0.96 0.97 0.77
£50,000 - £99,999 1.53 1.54 1.22
£100,000+ 2.28 2.30 1.82

Current Rates

Pathfinder Worldwide

Effective from 25th April 2008

  Gross % AER% Net% Interest Credited
£1 - £2,499 0.28 0.28 - Interest is calculated daily and paid Gross monthly
£2,500 - £4,999 0.28 0.28 -
£5,000 - £14,999 0.78 0.78 -
£15,000 - £49,999 1.03 1.03 -
£50,000 - £99,999 1.62 1.63 -
£100,000+ 2.37 2.40 -

Current Rates

Save Direct

Effective from 25th April 2008

Unavailable to new customers

  Gross % AER% Net% Interest Credited
£250 - £4,999 0.78 0.78 0.62 Yearly
£5,000 - £14,999 1.53 1.53 1.22
£15,000 - £24,999 2.21 2.21 1.77
£25,000 - £49,999 2.53 2.53 2.02
£50,000 - £99,999 3.03 3.03 2.42
£100,000 - £500,000 3.71 3.71 2.97

Current Rates

Save Direct Worldwide

Effective from 25th April 2008

  Gross % AER% Net% Interest Credited
£250 - £4,999 0.96 0.96 - Interest is paid Gross annually
£5,000 - £14,999 1.71 1.71 -
£15,000 - £24,999 2.50 2.50 -
£25,000 - £49,999 2.90 2.90 -
£50,000 - £99,999 3.40 3.40 -
£100,000 - £500,000 4.09 4.09 -

Current Rates

Save Wise

Effective from 25th April 2008

Unavailable to new customers

  Gross % AER% Net% Interest Credited
£1 - £4,999 0.62 0.62 0.50 Interest paid on full balance twice a year
£5,000 - £9,999 0.87 0.87 0.70
£10,000 - £49,999 1.12 1.12 0.90
£50,000+ 1.62 1.63 1.30

Current Rates

TESSA only ISA

Effective from 3rd August 2007

  Gross % AER% Net% Interest Credited
£1 - £2,999 5.25 5.25 - Yearly
£3,000 - £5,999 5.25 5.25 -
£6,000 - £8,999 5.25 5.25 -
£9,000 - £14,999 5.25 5.25 -
£15,000+ 5.50 5.50 -

Current Rates

Tessa Deposit

Effective from 3rd August 2007

Unavailable to new customers

  Gross% Now AER% Net% Interest Credited
£1 + 4.34 4.34 3.47 -

Current Rates

Smart Saver

Effective from 25th April 2008

  Gross% AER% Net% Interest Credited
Smart Saver £1+ 4.18 4.18 3.35 Yearly

Current Rates

Privilege Premier Savings

Effective from 29th September 2008

  Gross% AER% Net% Interest Credited
£1-£99,999 4.90 4.90 3.92 Yearly
£100,000+ 5.00 5.00 4.00 Yearly

If you convert your Account to either a Privilege or Current Account, a lower rate of interest will be paid on the Privilege Savings Account (see table below):

Privilege Savings

  Gross% AER% Net% Interest Credited
£1+ 4.70 4.70 3.77 Yearly

Current Rates