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Rates and charges for our savings accounts

Rates of interest are subject to change but are correct as at 1st February 2016.

Signature Savings Account
Instant Savings
Savings Account Plus
Jumpstart Savers Account
Headstart Savers Account
40 Day Notice Account
Cash ISA - Instant Access
Cash ISA - 40 Day Notice
Help To Buy: ISA
Offsale accounts

Personal savings products Current gross*
rate
(%)
Current
AER+(%)
Net**
rate
(%)
Signature Savings Account
£100,000 and over
0.75
0.75
0.60
£50,000 - £99,999
0.55
0.55
0.44
£25,000 - £49,999
0.35
0.35
0.28
£0 - £24,999
0.25
0.25
0.20
Instant Savings
£100,000 and over
0.10
0.10
0.08
£50,000 - £99,999
0.10
0.10
0.08
£25,000 - £49,999
0.10
0.10
0.08
£10,000 - £24,999
0.10
0.10
0.08
£5,000 - £9,999
0.10
0.10
0.08
£250 - £4,999
0.10
0.10
0.08
£0 - £249
0.10
0.10
0.08
Savings Account Plus
£1 and over
0.10
0.10
0.08
Jumpstart Savers Account
£1,000 and over 0.55 0.55 0.44
£500 - £999 0.50 0.50 0.40
£250 - £499 0.25 0.25 0.20
£1 - £249 0.10 0.10 0.08
Headstart Savers Account (95 day notice account)
£1 and over 1.50 1.51 1.20
The gross interest rate payable is 1% above the Bank of England base rate.
40 Day Notice Account
£1,000,000 and over
0.85
0.85
0.68
£100,000 - £999,999
0.60
0.60
0.48
£0 - £99,999
0.25
0.25
0.20
The gross interest rate payable is linked to the Bank of England base rate.
Personal savings
products
Current tax free++
rate (%p.a)
Current
AER%+
Cash ISA - Instant Access
Current Rates until 10th March 2016
£24,000 and over
1.10
1.10
£9,000 - £23,999
0.90
0.90
£0 - £8,999
0.70
0.70
Rates from 11th March 2016
£30,000 and over
1.00
1.00
£15,000 - £29,999
0.90
0.90
£0 - £14,999
0.70
0.70
Cash ISA - 40 Day Notice
Current Rates until 10th March 2016
£24,000 and over
2.00
2.00
£9,000 - £23,999
1.50
1.50
£1 - £8,999
1.00
1.00
Rates from 11th March 2016
£30,000 and over
1.75
1.75
£15,000 - £29,999
1.50
1.50
£1 - £14,999
1.00
1.00
Help To Buy: ISA
£1 and over
2.00
2.00

Offsale accounts

Personal savings products Current gross*
rate
(%)
Current
AER+(%)
Current net**
rate
(%)
Passbook Account
£25,000 and over
0.35
0.35
0.28
£10,000 - £24,999
0.10
0.10
0.08
£5,000 - £9,999
0.10
0.10
0.08
£2,500 - £4,999
0.10
0.10
0.08
£500 - £2,499
0.10
0.10
0.08
£250 - £499
0.10
0.10
0.08
£50 - £249
0.10
0.10
0.08
£1 - £49
0.00
0.00
0.00
Cybersave
£1,000 and over 0.50 0.50 0.40
£500 - £999 0.45 0.45 0.36
£250 - £499 0.20 0.20 0.16
£100 - £249 0.15 0.15 0.12
£1 - £99 0.10 0.10 0.08
Regular Home Saver Account
£1 and over
0.50
0.50
0.40
Child Savings Bond (only available for maturing customers)
£50 - £250,000
2.50
2.50
2.00
  Tax free++
rate (%p.a.)
AER%+
Cash ISA fixed rate bond
Issue 9 (maturity date 29th April 2016) 4.25 4.25
Issue 11 (maturity date 29th April 2016) 4.50 4.50
Issue 14 (maturity date 29th January 2016) 4.40 4.40
Issue 16 (maturity date 31st May 2017) 4.25 4.25
Issue 20 (maturity date 27th May 2016) 2.20 2.20
Issue 24 (maturity date 31st May 2016) 2.00 2.00
Issue 25 (maturity date 31st October 2017) 2.45 2.45
Issue 27 (maturity date 28th April 2017) 2.10 2.10
Issue 28 (maturity date 29th May 2020) Available to maturing Issue 3 customers only. 2.70 2.70
Issue 29 (maturity date 29th April 2016) 1.60 1.60
Issue 30 (maturity date 31st October 2016) 1.40 1.40
Issue 31 (maturity date 30th November 2018) Available to maturing Issue 6,21 & 26 customers 2.20 2.20

Definitions

*Gross rate. Gross rate interest is the interest payable without taking account of the deduction of income tax. For most customers tax will be deducted at the basic rate prevailing at the time of payment (currently 20%).

**Net rate. Net rate is the gross rate less income tax at the basic rate (currently 20%). Tax at this rate will be deducted from accounts subject to tax at the time interest is paid. Non-taxpayers may register for payment of interest gross. Tax paid may be reclaimed, where appropriate, from HM Revenue and Customs. Higher rate taxpayers may be liable to additional taxation according to their individual circumstances.

+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.