This account is no longer available to new customers.
Current interest rates
|Rates effective from:||Balance||Gross rate pa%||AER%|
|2 January 2009 - present||£1+||0.10||0.10|
For information on previous rates on this account, please see the previous interest rate tab.
A Savings account designed for balances of £1,000 or more
Previous interest rates
This previous interest rates tab sets out all rates that have applied to Prime Account in the past 5 years. To find out how much interest you are currently earning on your money, please click on the current interest rates tab.
|Rates effective from||Balance||Gross rate pa%||Net rate pa%||AER%|
|2 January 2009 - present||£1+||0.10||0.08||0.10|
|1 December 2008 - 1 January 2009||£1+||0.10||0.08||0.10|
|Interest rate:||Rates are variable. Interest is paid quarterly on the first working day of January, April, July and October|
|Gross:||The rate of interest payable without tax taken off.|
Interest is paid gross. If you’re a UK taxpayer, you may have to pay tax on interest earned in excess of your Personal Savings Allowance.
For information and guidance please refer to the HMRC website
Please note, it’s your responsibility to ensure that any tax due on interest payments received is paid to the appropriate tax authority.
|AER:||Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once each year.|