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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 30th October 2018.

B Savings Account
Signature Savings Account
Instant Savings
Jumpstart Savers Account
Headstart Savers Account
40 Day Notice Account
Help To Buy: ISA
Flexi Cash ISA
Cash ISA Fixed Rate Bond (Issue 46)
Cash ISA Fixed Rate Bond (Issue 47)
Offsale accounts

Personal savings products
Rates quoted applies to both Gross* & AER+ pa
B Savings Account
On all balances
1.00
Signature Savings Account
£100,000 and over
0.60
£50,000 - £99,999
0.40
£25,000 - £49,999
0.35
£0 - £24,999
0.30
Instant Savings
£100,000 and over
0.30
£50,000 - £99,999
0.25
£25,000 - £49,999
0.25
£10,000 - £24,999
0.25
£5,000 - £9,999
0.20
£250 - £4,999
0.20
£0 - £249
0.20
Jumpstart Savers Account
£1,000 and over
0.90
£500 - £999
0.70
£250 - £499
0.45
£1 - £249
0.30
40 Day Notice Account
£75,000 and over
1.05
£25,000 - £74,999
0.85
£0 - £24,999
0.65
Headstart Savers Account (95 day notice account) Current tax free++
rate (%p.a)
Current
AER%+
£1 and over 1.75 1.76
The gross interest rate payable is 1% above the Bank of England base rate.
Personal savings
products
Rates quoted applies to both Gross* & AER+ pa
Help To Buy: ISA
£1 and over
2.00
Flexi Cash ISA
£40,000 and over
0.90
£20,000 - £39,999
0.75
£1 - £19,999
0.60
Cash ISA Fixed Rate Bond (Issue 46) Maturity date 30th October 2020 – Subject to Availability
£2,000 and over
1.71%
Cash ISA Fixed Rate Bond (Issue 47) Maturity date 29th November 2019 – Subject to Availability
£2,000 and over
1.55%

Offsale accounts

Personal savings products Current gross*
rate(%)
Current
AER+(%)
Passbook Account
£25,000 and over
0.35
0.35
£10,000 - £24,999
0.10
0.10
£5,000 - £9,999
0.10
0.10
£2,500 - £4,999
0.10
0.10
£500 - £2,499
0.10
0.10
£250 - £499
0.10
0.10
£50 - £249
0.10
0.10
£1 - £49
0.00
0.00
Cybersave
Rates quoted applies to both Gross* & AER+ pa
£1,000 and over
0.75
£500 - £999
0.55
£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
0.75
Child Savings Bond (only available for maturing customers)
£50 - £250,000
2.00
Offsale Online Fixed Rate Bond Current gross*
rate(%)
Current
AER+(%)
Issue 3 (maturity date 28th June 2019) 1.60 1.60
Issue 4 (maturity date 29th November 2019) Available to maturing Issue 1 & 2 customers only 1.60 1.61
Offsale Cash ISA fixed rate bonds Tax free++
rate (%p.a.)
AER%+
Issue 28 (maturity date 29th May 2020) Available to maturing Issue 3 customers only 2.70 2.70
Issue 31 (maturity date 30th November 2018) Available to maturing Issue 6,21 & 26 customers 2.20 2.20
Issue 32 (maturity date 30th April 2021) Available to maturing Issue 9, 11, 20, 24 & 29 customers 2.20 2.20
Issue 34 (maturity date 31st May 2019) Available to maturing Issue 20 & 24 customers only 1.75 1.75
Issue 39 (maturity date 31st May 2022) 1.25 1.25
Issue 40 (maturity date 30th July 2021) 1.80 1.80
Issue 41 (maturity date 31st July 2020) 2.00 2.00
Issue 42 (maturity date 31st January 2019) 1.50 1.50
Issue 43 (maturity date 29th January 2021) 2.20 2.20
Issue 44 (maturity date 31st May 2019) 1.30 1.30
Issue 45 (maturity date 29th May 2020) 1.60 1.60

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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