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.
Fixed Term Deposits
Effective from 5th October 2011
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 2.71 | 2.75 | 2.16 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 2.96 | 3.00 | 2.36 | |
| 3 year (monthly) | 3.25 | 3.29 | 2.60 | |
| 1 year (on maturity) | 2.75 | 2.75 | 2.20 | |
| 2 year (on maturity) | 3.00 | 3.00 | 2.40 | |
| 3 year (on maturity) | 3.31 | 3.31 | 2.64 |
Fixed Term Deposits
Effective from 6th September 2011
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 2.96 | 3.00 | 2.36 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 3.25 | 3.29 | 2.60 | |
| 3 year (monthly) | 3.43 | 3.49 | 2.74 | |
| 1 year (on maturity) | 3.00 | 3.00 | 2.40 | |
| 2 year (on maturity) | 3.31 | 3.31 | 2.64 | |
| 3 year (on maturity) | 3.50 | 3.50 | 2.80 |
Fixed Term Deposits
Effective from 24th June 2011
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 3.34 | 3.39 | 2.67 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 3.68 | 3.74 | 2.94 | |
| 3 year (monthly) | 3.93 | 4.00 | 3.14 | |
| 1 year (on maturity) | 3.40 | 3.40 | 2.72 | |
| 2 year (on maturity) | 3.75 | 3.75 | 3.00 | |
| 3 year (on maturity) | 4.00 | 4.00 | 3.20 |
Fixed Term Deposits
Effective from 27th May 2011
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 2.96 | 3.00 | 2.36 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 3.43 | 3.48 | 2.74 | |
| 3 year (monthly) | 3.68 | 3.74 | 2.94 | |
| 1 year (on maturity) | 3.00 | 3.00 | 2.40 | |
| 2 year (on maturity) | 3.50 | 3.50 | 2.80 | |
| 3 year (on maturity) | 3.75 | 3.75 | 3.00 |
Fixed Term Deposits
Effective from 6th May 2011
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 2.78 | 2.81 | 2.22 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 3.18 | 3.23 | 2.55 | |
| 3 year (monthly) | 3.43 | 3.49 | 2.75 | |
| 1 year (on maturity) | 2.81 | 2.81 | 2.24 | |
| 2 year (on maturity) | 3.25 | 3.25 | 2.60 | |
| 3 year (on maturity) | 3.50 | 3.50 | 2.80 |
Fixed Term Deposits
Effective from 22nd March 2011
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 2.96 | 3.00 | 2.36 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 3.25 | 3.29 | 2.60 | |
| 3 year (monthly) | 3.68 | 3.74 | 2.94 | |
| 1 year (on maturity) | 3.00 | 3.00 | 2.40 | |
| 2 year (on maturity) | 3.31 | 3.31 | 2.64 | |
| 3 year (on maturity) | 3.75 | 3.75 | 3.00 |
Fixed Term Deposits
Effective from 21st January 2011
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 2.78 | 2.81 | 2.22 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 3.25 | 3.29 | 2.60 | |
| 3 year (monthly) | 3.68 | 3.74 | 2.94 | |
| 1 year (on maturity) | 2.81 | 2.81 | 2.24 | |
| 2 year (on maturity) | 3.31 | 3.31 | 2.64 | |
| 3 year (on maturity) | 3.75 | 3.75 | 3.00 |
Fixed Term Deposits
Effective from 5th November 2010
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 2.96 | 3.00 | 2.36 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 3.43 | 3.48 | 2.74 | |
| 3 year (monthly) | 3.68 | 3.74 | 2.94 | |
| 1 year (on maturity) | 3.00 | 3.00 | 2.40 | |
| 2 year (on maturity) | 3.50 | 3.50 | 2.80 | |
| 3 year (on maturity) | 3.75 | 3.75 | 3.00 |
Fixed Term Deposits
Effective from 8th October 2010
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 2.78 | 2.81 | 2.22 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 3.25 | 3.29 | 2.60 | |
| 3 year (monthly) | 3.68 | 3.74 | 2.94 | |
| 1 year (on maturity) | 2.81 | 2.81 | 2.24 | |
| 2 year (on maturity) | 3.31 | 3.31 | 2.64 | |
| 3 year (on maturity) | 3.75 | 3.75 | 3.00 |
Fixed Term Deposits
Effective from 10th August 2010
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 2.78 | 2.81 | 2.22 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 3.06 | 3.10 | 2.44 | |
| 3 year (monthly) | 3.43 | 3.48 | 2.74 | |
| 1 year (on maturity) | 2.81 | 2.81 | 2.24 | |
| 2 year (on maturity) | 3.10 | 3.10 | 2.48 | |
| 3 year (on maturity) | 3.50 | 3.50 | 2.80 |
Fixed Term Deposits
Effective from 18th May 2010
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 2.46 | 2.48 | 1.96 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 2.96 | 3.00 | 2.36 | |
| 3 year (monthly) | 3.43 | 3.48 | 2.73 | |
| 1 year (on maturity) | 2.50 | 2.50 | 2.00 | |
| 2 year (on maturity) | 3.00 | 3.00 | 2.40 | |
| 3 year (on maturity) | 3.50 | 3.50 | 2.80 |
Fixed Term Deposits
Effective from 16th April 2010
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 2.78 | 2.81 | 2.22 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 3.25 | 3.29 | 2.60 | |
| 3 year (monthly) | 3.93 | 4.00 | 3.14 | |
| 1 year (on maturity) | 2.81 | 2.81 | 2.25 | |
| 2 year (on maturity) | 3.31 | 3.31 | 2.65 | |
| 3 year (on maturity) | 4.00 | 4.00 | 3.20 |
Fixed Term Deposits
Effective from 19th February 2010
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 2.96 | 3.00 | 2.37 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 3.43 | 3.48 | 2.75 | |
| 3 year (monthly) | 4.15 | 4.23 | 3.32 | |
| 1 year (on maturity) | 3.00 | 3.00 | 2.40 | |
| 2 year (on maturity) | 3.50 | 3.50 | 2.80 | |
| 3 year (on maturity) | 4.25 | 4.25 | 3.40 |
Fixed Term Deposits
Effective from 15th September 2009
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 3.18 | 3.23 | 2.55 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 3.68 | 3.75 | 2.95 | |
| 3 year (monthly) | 4.40 | 4.49 | 3.52 | |
| 1 year (on maturity) | 3.25 | 3.25 | 2.60 | |
| 2 year (on maturity) | 3.75 | 3.75 | 3.00 | |
| 3 year (on maturity) | 4.50 | 4.50 | 3.60 |
Fixed Term Deposits
Effective from 24th April 2009
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 1.96 | 1.98 | 1.57 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 2.21 | 2.24 | 1.77 | |
| 3 year (monthly) | 2.46 | 2.49 | 1.97 | |
| 1 year (on maturity) | 2.00 | 2.00 | 1.60 | |
| 2 year (on maturity) | 2.25 | 2.25 | 1.80 | |
| 3 year (on maturity) | 2.50 | 2.50 | 2.00 |
Fixed Term Deposits
Effective from 11th December 2008
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 2.96 | 3.00 | 2.37 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 3.18 | 3.23 | 2.55 | |
| 3 year (monthly) | 3.43 | 3.49 | 2.75 | |
| 1 year (on maturity) | 3.00 | 3.00 | 2.40 | |
| 2 year (on maturity) | 3.25 | 3.25 | 2.60 | |
| 3 year (on maturity) | 3.50 | 3.50 | 2.80 |
Fixed Term Deposits
Effective from 4th December 2008
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 3.43 | 3.49 | 2.75 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 3.68 | 3.75 | 2.95 | |
| 3 year (monthly) | 3.93 | 4.00 | 3.15 | |
| 1 year (on maturity) | 3.50 | 3.50 | 2.80 | |
| 2 year (on maturity) | 3.75 | 3.75 | 3.00 | |
| 3 year (on maturity) | 4.00 | 4.00 | 3.20 |
Fixed Term Deposits
Effective from 17th November 2008
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 4.15 | 4.23 | 3.32 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 4.40 | 4.49 | 3.52 | |
| 3 year (monthly) | 4.65 | 4.75 | 3.72 | |
| 1 year (on maturity) | 4.25 | 4.25 | 3.40 | |
| 2 year (on maturity) | 4.50 | 4.50 | 3.60 | |
| 3 year (on maturity) | 4.75 | 4.75 | 3.80 |
Fixed Term Deposits
Effective from 7th November 2008
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 5.12 | 5.24 | 4.10 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 5.12 | 5.24 | 4.10 | |
| 3 year (monthly) | 5.12 | 5.24 | 4.10 | |
| 1 year (on maturity) | 5.25 | 5.25 | 4.20 | |
| 2 year (on maturity) | 5.25 | 5.25 | 4.20 | |
| 3 year (on maturity) | 5.25 | 5.25 | 4.20 |
Fixed Term Deposits
Effective from 22nd October 2008
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 5.59 | 5.73 | 4.47 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 4.87 | 4.98 | 3.90 | |
| 3 year (monthly) | 4.87 | 4.98 | 3.90 | |
| 1 year (on maturity) | 5.75 | 5.75 | 4.60 | |
| 2 year (on maturity) | 5.00 | 5.00 | 4.00 | |
| 3 year (on maturity) | 5.00 | 5.00 | 4.00 |
Fixed Term Deposits
Effective from 17th October 2008
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 6.31 | 6.49 | 5.05 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 4.87 | 4.98 | 3.90 | |
| 3 year (monthly) | 4.87 | 4.98 | 3.90 | |
| 1 year (on maturity) | 6.50 | 6.50 | 5.20 | |
| 2 year (on maturity) | 5.00 | 5.00 | 4.00 | |
| 3 year (on maturity) | 5.00 | 5.00 | 4.00 |
Fixed Term Deposits
Effective from 15th July 2008
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 6.31 | 6.49 | 5.05 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 6.40 | 6.59 | 5.12 | |
| 3 year (monthly) | 6.40 | 6.59 | 5.12 | |
| 1 year (on maturity) | 6.50 | 6.50 | 5.20 | |
| 2 year (on maturity) | 6.59 | 6.59 | 5.27 | |
| 3 year (on maturity) | 6.59 | 6.59 | 5.27 |
Fixed Term Deposits
Effective from 6th June 2008
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 5.46 | 5.60 | 4.37 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 5.40 | 5.54 | 4.32 | |
| 3 year (monthly) | 5.31 | 5.44 | 4.25 | |
| 1 year (on maturity) | 5.62 | 5.62 | 4.50 | |
| 2 year (on maturity) | 5.56 | 5.56 | 4.45 | |
| 3 year (on maturity) | 5.46 | 5.46 | 4.37 |
Fixed Term Deposits
Effective from 2nd May 2008
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 5.12 | 5.24 | 4.10 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 4.68 | 4.78 | 3.75 | |
| 3 year (monthly) | 4.78 | 4.88 | 3.82 | |
| 1 year (on maturity) | 5.25 | 5.25 | 4.20 | |
| 2 year (on maturity) | 4.81 | 4.81 | 3.85 | |
| 3 year (on maturity) | 4.90 | 4.90 | 3.92 |
Fixed Term Deposits
Effective from 14th March 2008
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 6.40 | 6.59 | 5.12 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 5.28 | 5.41 | 4.22 | |
| 3 year (monthly) | 5.21 | 5.21 | 4.07 | |
| 1 year (on maturity) | 6.62 | 6.62 | 5.30 | |
| 2 year (on maturity) | 5.43 | 5.43 | 4.35 | |
| 3 year (on maturity) | 5.21 | 5.21 | 4.17 |
Fixed Term Deposits
Effective from 15th February 2008
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 4.87 | 4.98 | 3.90 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 4.18 | 4.26 | 3.35 | |
| 3 year (monthly) | 4.28 | 4.36 | 3.42 | |
| 1 year (on maturity) | 5.00 | 5.00 | 4.00 | |
| 2 year (on maturity) | 4.28 | 4.28 | 3.42 | |
| 3 year (on maturity) | 4.37 | 4.37 | 3.50 |
Fixed Term Deposits
Effective from 18th January 2008
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 4.93 | 5.05 | 3.95 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 4.40 | 4.49 | 3.52 | |
| 3 year (monthly) | 4.43 | 4.52 | 3.55 | |
| 1 year (on maturity) | 5.06 | 5.06 | 4.05 | |
| 2 year (on maturity) | 4.50 | 4.50 | 3.60 | |
| 3 year (on maturity) | 4.53 | 4.53 | 3.62 |
Fixed Term Deposits
Effective from 26th September 2007
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 6.40 | 6.59 | 5.27 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 5.18 | 5.31 | 4.25 | |
| 3 year (monthly) | 5.25 | 5.37 | 4.30 | |
| 1 year (on maturity) | 6.59 | 6.59 | 5.27 | |
| 2 year (on maturity) | 5.31 | 5.31 | 4.25 | |
| 3 year (on maturity) | 5.37 | 5.37 | 4.30 |
Fixed Term Deposits
Effective from 15th June 2007
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 5.65 | 5.80 | 4.52 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 5.46 | 5.60 | 4.37 | |
| 3 year (monthly) | 5.56 | 5.70 | 4.45 | |
| 1 year (on maturity) | 5.81 | 5.81 | 4.65 | |
| 2 year (on maturity) | 5.62 | 5.62 | 4.50 | |
| 3 year (on maturity) | 5.71 | 5.71 | 4.57 |
Fixed Term Deposits
Effective from 4th May 2007
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 5.37 | 5.50 | 4.30 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 5.09 | 5.21 | 4.07 | |
| 3 year (monthly) | 5.56 | 5.31 | 4.15 | |
| 1 year (on maturity) | 5.50 | 5.50 | 4.40 | |
| 2 year (on maturity) | 5.21 | 5.21 | 4.17 | |
| 3 year (on maturity) | 5.31 | 5.31 | 4.25 |
Fixed Term Deposits
Effective from 13th November 2006
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 4.71 | 4.82 | 3.77 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 4.78 | 4.88 | 3.82 | |
| 3 year (monthly) | 4.87 | 4.98 | 3.90 | |
| 1 year (on maturity) | 4.84 | 4.84 | 3.87 | |
| 2 year (on maturity) | 4.90 | 4.90 | 3.92 | |
| 3 year (on maturity) | 5.00 | 5.00 | 4.00 |
Fixed Term Deposits
Effective from 15th May 2006
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 4.50 | 4.59 | 3.60 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 4.56 | 4.65 | 3.65 | |
| 3 year (monthly) | 4.68 | 4.78 | 3.75 | |
| 1 year (on maturity) | 4.59 | 4.59 | 3.67 | |
| 2 year (on maturity) | 4.65 | 4.65 | 3.72 | |
| 3 year (on maturity) | 4.78 | 4.78 | 3.82 |
Fixed Term Deposits
Effective from 25th July 2005
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| 1 year (monthly) | 4.09 | 4.17 | 3.27 | Interest paid monthly / Interest paid on maturity |
| 2 year (monthly) | 4.12 | 4.20 | 3.30 | |
| 3 year (monthly) | 4.18 | 4.26 | 3.35 | |
| 1 year (on maturity) | 4.15 | 4.15 | 3.32 | |
| 2 year (on maturity) | 4.18 | 4.18 | 3.35 | |
| 3 year (on maturity) | 4.25 | 4.25 | 3.40 |
