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Savings Accounts

Previous Interest Rates

Rates correct as at 30th November 2011 but are subject to variation (current Bank of England Base rate is 0.50%)

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.

Privilege Premier Savings

Effective from 9th February 2009

  Gross% AER% Net% Interest Credited
£1-£99,999 1.21 1.21 0.97 Yearly
£100,000+ 1.25 1.25 1.00 Yearly

If you convert your account to a Privilege 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+ 1.00 1.00 0.80 Yearly

Current Rates

Privilege Premier Savings

Effective from 14th January 2009

  Gross% AER% Net% Interest Credited
£1-£99,999 1.71 1.71 1.37 Yearly
£100,000+ 1.75 1.75 1.40 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+ 1.50 1.50 1.20 Yearly

Current Rates

Privilege Premier Savings

Effective from 4th December 2008

  Gross% AER% Net% Interest Credited
£1-£99,999 1.90 1.90 1.52 Yearly
£100,000+ 2.00 2.00 1.60 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+ 1.70 1.70 1.36 Yearly

Current Rates

Privilege Premier Savings

Effective from 6th November 2008

  Gross% AER% Net% Interest Credited
£1-£99,999 2.90 2.90 2.32 Yearly
£100,000+ 3.00 3.00 2.40 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+ 2.70 2.70 2.16 Yearly

Current Rates

Privilege Premier Savings

Effective from 8th October 2008

  Gross% AER% Net% Interest Credited
£1-£99,999 4.40 4.40 3.52 Yearly
£100,000+ 4.50 4.50 3.60 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+ 4.20 4.20 3.36 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

Privilege Premier Savings

Effective from 25th April 2008

  Gross % AER% Net% Interest Credited
£0 - £249 0.00 0.00 0.00 Yearly
£250 - £4,999
 4.75 4.75 3.80
£5.000 - £14,999
 4.75 4.75 3.80
£15.000 - £24,999
 4.75 4.75 3.80
£25.000 - £49,999
 4.75 4.75 3.80
£50,000 - £99,999
 4.75 4.75 3.80
£100,000 - £500,000
 5.00 5.00 4.00

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
£0 - £249 0.00 0.00 0.00 Yearly
£250 - £4,999
 4.18 4.18 3.35
£5.000 - £14,999
 4.18 4.18 3.35
£15.000 - £24,999
 4.18 4.18 3.35
£25.000 - £49,999
 4.18 4.18 3.35
£50,000 - £99,999
 4.18 4.18 3.35
£100,000 - £500,000
 4.18 4.18 3.35

Current Rates

Privilege Premier Savings

Effective from 22nd February 2008

  Gross % AER% Net% Interest Credited
£0 - £249 0.00 0.00 0.00 Yearly
£250 - £4,999
 5.00 5.00 4.00
£5.000 - £14,999
 5.00 5.00 4.00
£15.000 - £24,999
 5.00 5.00 4.00
£25.000 - £49,999
 5.00 5.00 4.00
£50,000 - £99,999
 5.00 5.00 4.00
£100,000 - £500,000
 5.25 5.25 4.20

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
£0 - £249 0.00 0.00 0.00 Yearly
£250 - £4,999
 4.43 4.43 3.55
£5.000 - £14,999
 4.43 4.43 3.55
£15.000 - £24,999
 4.43 4.43 3.55
£25.000 - £49,999
 4.43 4.43 3.55
£50,000 - £99,999
 4.43 4.43 3.55
£100,000 - £500,000
 4.43 4.43 3.55

Current Rates

Privilege Premier Savings

Effective from 8th June 2007

  Gross % AER% Net% Interest Credited
£0 - £249 0.00 0.00 0.00 Yearly
£250 - £4,999
 5.25 5.25 4.20
£5.250 - £14,999
 5.25 5.25 4.20
£15.250 - £24,999
 5.25 5.25 4.20
£25.250 - £49,999
 5.25 5.25 4.20
£50,000 - £99,999
 5.25 5.25 4.20
£100,000 - £500,000
 5.50 5.50 4.40

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
£0 - £249 0.00 0.00 0.00 Yearly
£250 - £4,999
 4.75 4.75 3.80
£5.250 - £14,999
 4.75 4.75 3.80
£15.250 - £24,999
 4.75 4.75 3.80
£25.250 - £49,999
 4.75 4.75 3.80
£50,000 - £99,999
 4.75 4.75 3.80
£100,000 - £500,000
 4.75 4.75 3.80

Current Rates

Privilege Premier Savings

Effective from 9th February 2007

  Gross % AER% Net% Interest Credited
£0 - £249 0.00 0.00 0.00 Yearly
£250 - £4,999
 5.00 5.00 4.00
£5,000 - £14,999
 5.00 5.00 4.00
£15,000 - £24,999
 5.00 5.00 4.00
£25,000 - £49,999
 5.00 5.00 4.00
£50,000 - £99,999
 5.00 5.00 4.00
£100,000 - £500,000
 5.25 5.25 4.20

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
£0 - £249 0.00 0.00 0.00 Yearly
£250 - £4,999
 4.50 4.50 3.60
£5,000 - £14,999
 4.50 4.50 3.60
£15,000 - £24,999
 4.50 4.50 3.60
£25,000 - £49,999
 4.50 4.50 3.60
£50,000 - £99,999
 4.50 4.50 3.60
£100,000 - £500,000
 4.50 4.50 3.60

Current Rates

Privilege Premier Savings

Effective from 1st December 2006

  Gross % AER% Net% Interest Credited
£0 - £249 0.00 0.00 0.00 Yearly
£250 - £4,999 4.75 4.75 3.80  
£5,000 - £14,999 4.75 4.75 3.80  
£15,000 - £24,999 4.75 4.75 3.80  
£25,000 - £49,999 4.75 4.75 3.80  
£50,000 - £99,999 4.75 4.75 3.80  
£100,000 - £500,000 5.00 5.00 4.00  

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
£0 - £249 0.00 0.00 0.00 Yearly
£250 - £4,999 4.25 4.25 3.40  
£5,000 - £14,999 4.25 4.25 3.40  
£15,000 - £24,999 4.25 4.25 3.40  
£25,000 - £49,999 4.25 4.25 3.40  
£50,000 - £99,999 4.25 4.25 3.40  
£100,000 - £500,000 4.25 4.25 3.40  

Current Rates

Privilege Savings

Effective from 6th March 2006

  Gross % AER% Net% Interest Credited
£0 - £249 0.00 0.00 0.00 Yearly
£250 - £4,999 4.25 4.25 3.40
£5,000 - £14,999 4.25 4.25 3.40
£15,000 - £24,999 4.25 4.25 3.40
£25,000 - £49,999 4.25 4.25 3.40
£50,000 - £99,999 4.25 4.25 3.40
£100,000 - £500,000 4.50 4.50 3.60

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):

  Gross % AER% Net% Interest Credited
£0 - £249 0.00 0.00 0.00 Yearly
£250 - £4,999 3.75 3.75 3.00
£5,000 - £14,999 3.75 3.75 3.00
£15,000 - £24,999 3.75 3.75 3.00
£25,000 - £49,999 3.75 3.75 3.00
£50,000 - £99,999 3.75 3.75 3.00
£100,000 - £500,000 3.75 3.75 3.00

Current Rates

Privilege Savings

Effective from 4th August 2005

  Gross % AER% Net% Interest Credited
£0 - £249 0.00 0.00 0.00 Yearly
£250 - £4,999 4.25 4.25 3.40
£5,000 - £14,999 4.25 4.25 3.40
£15,000 - £24,999 4.25 4.25 3.40
£25,000 - £49,999 4.25 4.25 3.40
£50,000 - £99,999 4.25 4.25 3.40
£100,000 - £500,000 4.75 4.75 3.80

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):

  Gross % AER% Net% Interest Credited
£0 - £249 0.00 0.00 0.00 Yearly
£250 - £4,999 3.75 3.75 3.00
£5,000 - £14,999 3.75 3.75 3.00
£15,000 - £24,999 3.75 3.75 3.00
£25,000 - £49,999 3.75 3.75 3.00
£50,000 - £99,999 3.75 3.75 3.00
£100,000 - £500,000 3.75 3.75 3.00

Current Rates

Privilege Savings

Effective from 8th March 2004

  Gross % AER% Net% Interest Credited
£250 - £4,999 1.25 1.25 1.00 Yearly
£5,000 - £14,999 2.00 2.00 1.80
£15,000 - £24,999 2.75 4.75 2.20
£25,000 - £49,999 3.00 3.00 2.40
£50,000 - £99,999 3.50 3.50 2.80
£100,000 - £500,000 4.00 4.00 3.20

Current Rates

Privilege Savings

Effective from 9th December 2003

  Gross % AER% Net% Interest Credited
£250 - £4,999 1.00 1.00 - Yearly
£5,000 - £14,999 1.75 1.75
£15,000 - £24,999 2.50 2.50
£25,000 - £49,999 2.75 2.75
£50,000 - £99,999 3.25 3.25
£100,000 - £500,000 3.75 3.75

Current Rates

Privilege Savings

Effective from 1st September 2003

  Gross % AER% Net% Interest Credited
£0 - £249 1.00 1.00 0.00 Yearly
£250 - £4,999 1.00 1.00 0.80
£5,000 - £14,999 1.75 1.75 1.40
£15,000 - £24,999 2.25 2.25 1.80
£25,000 - £49,999 2.50 2.50 2.00
£50,000 - £99,999 3.00 3.00 2.40
£100,000 - £500,000 3.50 3.50 2.80

Current Rates