Direct Access Tracker

This account is no longer available to new customers.

Current interest rates

Rates effective from:

Balance

Gross rate per year %

AER %

Gross % above Bank of England Base Rate*

1 September 2016 - present

£1+

0.50

0.50

0.25

*Direct Access Tracker accounts receive an interest rate that tracks above the Bank of England Base Rate by a guaranteed percentage rate for the lifetime of the account. Any rises or falls in the Bank of England Base Rate will be passed on no later than 30 days after the relevant Bank of England announcement.

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Previous interest rates

Rates effective from:

Balance

Gross rate per year %

AER %

Gross % above Bank of England Base Rate*

10 March 2014 - 31 August 2016

£1+

0.75

0.75

0.25

*Direct Access Tracker accounts receive an interest rate that tracks above the Bank of England Base Rate by a guaranteed percentage rate for the lifetime of the account. Any rises or falls in the Bank of England Base Rate will be passed on no later than 30 days after the relevant Bank of England announcement.

Further information

Mortgage offset:

No

Interest rate:

Rates are variable. Interest is paid monthly on the first working day of the month.

Gross:

The rate of interest payable without tax taken off.

Tax:

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.

Tax:

Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once each year.

You can download these Direct Access Tracker terms and conditions. They are in addition to the general conditions of your Customer Agreement with us.

Read important information about our interest rates, the Financial Services Compensation Scheme, and your cancellation rights.