Interest rates
To view the current interest rates applying to your savings please click on the account type below.
Current Savings Accounts (rates effective from 6 April 2009 unless otherwise stated)
1st Issue 45 Day Notice Cash ISA (rates effective from 1 March 2010)
4th Issue Fixed Rate Cash ISA 1, 2 and 3 year term (rates effective from 16 November 2009)
Second Issue ISA
Direct Access Share (updated 1 November 2009)
Monthly Saver
Direct 90 Notice
Branch Saver (rate effective from 2 November 2009)
39th Issue Savings Bond - fixed rate to 14 March 2013 (rate effective from 22 February 2010)
39th Issue Savings Bond - fixed rate to 14 March 2012 (rate effective from 22 February 2010)
39th Issue Savings Bond - fixed rate to 14 March 2011 (rate effective from 22 February 2010)
Savings Accounts no longer available (rates effective from 6 April 2009 unless otherwise stated)
Guaranteed Cash ISA 2009/10
Guaranteed Cash ISA 2005/06, 2006/07, 2007/08 & 2008/09
First Issue Cash ISA
Index Linked Cash ISA (rate effective 1 October 2008)
Monthly High Income
90 Day 1st Issue
90 Day 2nd Issue
Ordinary Share
Instant Access/Direct Access Deposit (updated 1 November 2009)
Personal Deposit
Current Savings Accounts
(Rates effective from 6 April 2009 unless otherwise stated)
|
Annual Interest |
£1,000+ |
3.76% |
3.01% |
3.76% |
|
|
Monthly Interest |
£5,000+ |
3.70% |
2.96% |
3.76% |
|
Annual Interest |
£1,000+ |
3.51% |
2.81% |
3.51% |
|
|
Monthly Interest |
£5,000+ |
3.45% |
2.76% |
3.51% |
|
Annual Interest |
£1,000+ |
2.86% |
2.29% |
2.86% |
|
|
Monthly Interest |
£5,000+ |
2.82% |
2.26% |
2.86% |
What were the previous interest rates?
Savings Accounts no longer available
(Rates effective from 6 April 2009 unless otherwise stated)
|
PRODUCTS |
Balance | Gross | Net | Gross AER | |
|---|---|---|---|---|---|
| £1+ | 3.26% | Tax Free | 3.26% | back to top | |
|
Guaranteed Cash ISA 2005/06, 2006/07, 2007/08 & 2008/09 |
£1+ | 1.81% | Tax Free | 1.81% | back to top |
| £1+ | 1.81% | Tax Free | 1.81% | back to top | |
|
First Issue Index Linked Cash ISA |
£1,000+ | 2.60%* | Tax Free | 2.60%* | back to top |
| £50,000+ | 1.50% | 1.20% | 1.50% | back to top | |
|
|
£500+ | 1.26% | 1.01% | 1.26% | back to top |
|
(rate effective 1 November 2009) |
£1+ | 0.40% | 0.32% | 0.40% | back to top |
| £50,000+ | 1.50% | 1.20% | 1.51% | back to top | |
|
|
£1+ | 1.26% | 1.01% | 1.26% | back to top |
| £1+ | 1.16% | 0.93% | 1.16% | back to top | |
| £50,000+ | 1.35% | 1.08% | 1.36% | back to top | |
|
|
£5,000+ | 1.25% | 1.00% | 1.26% | back to top |
| £10,000+ | 1.60% | 1.28% | 1.60% | back to top | |
| £50,000+ | 1.60% | 1.28% | 1.60% | back to top | |
| £1,000+ | 1.41% | 1.13% | 1.41% | back to top |
What were the previous interest rates?
AER stands for Annual Equivalent Rate and illustrates what the annual rate would be if interest was compounded.
Gross interest is the rate payable before the deduction of income tax at the rate specified by law (currently 20%) and can only be paid or credited gross subject to the required certification.
Net interest is the rate payable after the deduction of income tax at the rate specified by law (currently 20%). Where the tax deducted exceeds an individual's tax liability (if any) a claim may be made to HM Revenue & Customs for repayment of tax. Individuals whose income falls within the basic rate band will have no more tax to pay on their interest. Individuals who are higher rate tax payers will have to pay the extra tax due on their interest (the difference between tax deducted at 20% and the higher rate of 40%).
Tax Free - interest is paid tax free as it is currently exempt from income tax. The future tax treatment of Individual Savings Accounts may vary.
Interest Rates
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