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Interest rates and fees

Glossary of Terms

From the 31st October 2018, some new regulation is coming your way for Payment Accounts. It’s all about making the information you are given on fees for key services on Instant Savings Account(s) more consistent between banks. This involves the standardisation of terms used as well as their definitions. You can also view our Glossary of Terms, which will let you know what the change is to each term or phrase.

Fee Information Documents for Savings Accounts

These documents inform you about the fees for using the main services linked to the payment account. It will help you to compare these fees with those of other accounts.

Instant Savings Account

Personal savings products

Rates of interest are subject to change but are correct as at 1st July 2020.

Signature Savings Account
Instant Savings
Jumpstart Savers Account
Headstart Savers Account
Flexi Cash ISA
Offsale accounts

Personal savings products
Rates quoted applies to both Gross* & AER+ pa
Signature Savings Account
£100,000 and over
0.50
£50,000 - £99,999
0.40
£25,000 - £49,999
0.35
£0 - £24,999
0.30
Instant Savings
£100,000 and over
0.25
£10,000 - £99,000
0.25
£0 - £9,999
0.20
Jumpstart Savers Account
£1,000 and over
0.40
£500 - £999
0.35
£250 - £499
0.35
£1 - £249
0.30
Headstart Savers Account (95 day notice account) Current Gross*
rate (%p.a)
Current
AER%+
£1 and over 1.10 1.10
The gross interest rate payable is 1% above the Bank of England base rate.
Personal savings
products
Rates quoted applies to both Tax free++ & AER+ pa
Flexi Cash ISA
£1 and over
0.25

Offsale accounts

Personal savings products
Rates quoted applies to both Gross* & AER+ pa
Passbook Account
£25,000 and over
0.35
£10,000 - £24,999
0.10
£5,000 - £9,999
0.10
£2,500 - £4,999
0.10
£500 - £2,499
0.10
£250 - £499
0.10
£50 - £249
0.10
£1 - £49
0.00
Cybersave
£1,000 and over
0.35
£500 - £999
0.35
£250 - £499
0.30
£100 - £249
0.15
£1 - £99
0.15
Savings Account Plus
£1 and over
0.20
Savings Account Plus - Offset
£1 and over
0.20
Regular Home Saver Account
£1 and over
0.10
Child Savings Bond (only available for maturing customers)
£50 - £250,000
1.50
40 Day Notice Account
£75,000 and over
0.55
£25,000 - £74,999
0.35
£0 - £24,999
0.35
Help To Buy: ISA
£1 and over
1.50
Offsale Online Fixed Rate Bond Current gross*
rate(%)
Current
AER+(%)
Issue 6 (maturity date 30th October 2020) Only available to maturing Issue 4 customers 1.00 1.00
Issue 5 (maturity date 30th October 2020) Only available to maturing Issue 3 customers 1.30 1.31
Offsale Cash ISA fixed rate bonds Tax free++
rate (%p.a.)
AER%+
Issue 32 (maturity date 30th April 2021) Available to maturing Issue 9, 11, 20, 24 & 29 customers 2.20 2.20
Issue 39 (maturity date 31st May 2022) 1.25 1.25
Issue 40 (maturity date 30th July 2021) 1.80 1.80
Issue 43 (maturity date 29th January 2021) 2.20 2.20
Issue 46 (maturity date 30th October 2020) 1.71 1.71
Issue 49 (maturity 26th February 2021) 1.71 1.71
Issue 50 (maturity 28th February 2022) 1.81 1.81
Issue 54 (maturity 31st May 2022) 1.81 1.81
Issue 55 (maturity 30th November 2020) 1.40 1.40
Issue 56 (maturity 26th February 2021) to 01/03/2020 1.26 1.26
Issue 56 (maturity 26th February 2021) from 02/03/2020 1.36 1.36
Issue 57 (maturity 30th April 2021) Available to maturing Issue 51 customers 1.36 1.36
Issue 58 (maturity 30th April 2021) Available to maturing Issue 51 & 52 customers 1.50 1.50
Issue 59 (maturity 28th May 2021) Available to maturing Issue 28 & 45 customers 1.05 1.05
Issue 60 (maturity 31st May 2023) Available to maturing Issue 28 & 45 customers 1.15 1.15
Issue 61 (maturity 31st July 2023) Available to maturing Issue 41 customers 1.00 1.00
Issue 62 (maturity 30th July 2021) Available to maturing Issue 41 customers 0.75 0.75
Issue 63 (maturity 31st August 2021) Available to maturing Issue 53 customers 0.60 0.60
Issue 64 (maturity 31st August 2023) Available to maturing Issue 53 customers 0.75 0.75

Definitions

*Gross rate. Gross rate interest is the interest payable without taking account of any tax payable. If you earn interest over your Personal Savings Allowance you will be required to pay any tax due yourself directly to HM Revenue and Customs. If you would like to read more about your Personal Savings Allowance, please visit the Government website www.gov.uk.

+AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

++Tax Free - is the rate payable when income is exempt from Income Tax.

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