Everyday Saver interest rates

Current interest rates

Rates effective from:

Balance

Gross per year %

AER %

1 December 2016 - present

£1+

0.05

0.05

We may withdraw the availability of Everyday Saver at any time without notice. 

Previous interest rates

Rates effective from:

Balance

Gross per year %

AER %

1 August 2016 – 30 November 2016

£1+

0.25

0.25

Mortgage offset:

Yes. Remember, if you offset your savings account against your mortgage, you won't earn any interest on your account.

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.

 

AER:

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

Further information

Learn more about our Everyday Saver – or log in to apply

You can download these Everyday Saver 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.