Tracker Savings Account

Current interest rates

Terms:You can make six free withdrawals in each calendar year at any time without notice. Additional withdrawals can be made at any time without notice, subject to a charge equivalent to 60 days' gross interest on the amount withdrawn. This will be calculated using the interest rate you are receiving on your account at the time of your withdrawal and wll be deducted from your account balance. 

Rates are variable. Monthly interest is paid on the last working day of the month. Annual interest is paid on the first working day of January.

Tracker Savings Accounts, with a balance of £10,000 or more, receive interest rates that track below Bank of England Bank Rate by a guaranteed percentage rate, see above. Bank of England Bank Rate is variable.

Since Bank of England Bank Rate is 0.50% (correct as at 5 February 2009), you would currently be receiving no interest under the account terms and conditions. However, we have decided for the time being to pay credit interest at the rate of 0.10% gross / AER, which is higher than the 'linked' interest rates payable under the account terms and conditions as set out above. We reserve the right to change the current 0.10% interest rate payable and/or to apply the strict terms of the account at any time. In the event that Bank of England Bank Rate increases to the extent that credit interest is due and payable under the account terms (or payable at a higher rate than any concessionary rate being paid at that time), the 'linked' interest rates will apply from that time.