Variable Rate Accounts

Our variable rate accounts offer competitive rates of interest. Access to your money is subject to the withdrawal restrictions set out below.

In the event that the balance falls below the minimum operating balance as stated within the relevant product details below, the basic savings rate of interest, which is currently 0.05% Gross p.a/ AER (variable) for non-ISA accounts and 0.05% Tax-Free§ p.a. / AER (variable) for Cash ISA accounts, shall apply. The Cash ISA accounts are not Flexible Cash ISAs meaning any amount withdrawn cannot be replaced and will count towards your yearly ISA limit.

 

  • Smart Saver

    For balances between £5,000 and £24,999.99:

    0.90% Gross p.a./AER(variable)

    For balances between £25,000 and £49,999.99:

    1.00% Gross p.a./AER(variable)

    For balances between £50,000 and £250,000:

    1.10% Gross p.a./AER(variable)

    The maximum balance is £250,000 (joint accounts also) including accrued interest. If the balance exceeds £250,000 the interest rate that shall apply to the whole balance will be 0.50% Grossp.a/AER (variable).

    • Interest paid: Annually on 30 September
    • Minimum operating balance: £5,000
    • Maximum balance: £250,000 (also for joint accounts)
    • Withdrawals: Access is limited to 5 withdrawals per calendar year (including account closure) without notice or loss of interest, subject to the minimum balance of £5,000 being maintained. If you exceed this number of withdrawals, the account will be subject to 30 days' loss of interest or an equivalent amount on the amount withdrawn.

    This account may be closed to further deposits upon a minimum of 30 days’ written notice after which you will not be able to invest further funds.

    Full details
  • Double Access Cash ISA

    Interest rate:

    1.30% Tax-free§ p.a./AER (variable)

    • Interest paid: calculated daily and paid annually on 31 March
    • Minimum operating balance: £5,000.
    • Maximum balance: Deposit up to £20,000 in the 2019/2020 tax year (less any amount you have already subscribed in a Stocks and Shares ISA, Innovative Finance ISA and/or Lifetime ISA in the same tax year).
    • Withdrawals: Access is limited to 2 withdrawals per calendar year without notice or loss of interest, subject to the minimum balance of £5,000 being maintained. If you exceed this number of withdrawals (including closure of the account), the account will be subject to 30 days’ loss of interest on an equivalent amount to that withdrawn/transferred.

    The account can only be opened through one of our branches. You will be able to carry out some operations by telephone and online, where you have registered for online services. This account may be closed to further deposits upon a minimum of 30 days' written notice after which you will not be able to deposit further funds.

    Full details