Helpful Start

This account is only available as part of the Family Springboard Mortgage.

 

Current interest rates

These rates are effective from 1 September 2016. 

 

 

Balance

Gross rate per year %

AER %

£1+

1.75

1.76

Interest is paid monthly on the first working day of the month. The interest rate tracks a margin of 1.50% above the Bank of England Base Rate. 

What would the estimated balance be after 12 months, based on a £1,000 deposit?

 

Deposit amount

Estimated value after a year

£1,000+

£1,017.64

The estimated value is based on no change to the interest rate during 12 months and no withdrawals made.

Previous interest rates

Rates effective from

Balance Gross rate per year %

Gross rate per year %

Gross rate per year %

14 January 2013 - 31 August 2016

£1+

2.00

2.02