18-Month Flexible Bond

2-Year Flexible Bond

Current interest rates

2-Year Flexible Bond - Issue 66. These rates are effective from 6 June 2024.


Gross rate per year %


End of term

£1 to £1 million




£1 to £1 million



You can apply in branch, by phone and online. Please note that withdrawals may take the balance into the lower interest rate tier. You can also make withdrawals in branch, or using Telephone or Online Banking. 

Further information

Mortgage offset:


Interest rate:

Rates are fixed for the term of the bond.


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. If you choose end of term interest, you will receive all of your interest in one tax year. This means you could reach or exceed your Personal Savings Allowance more quickly in that tax year. Tax liability on interest applies in the tax year it is paid, which may be different to the tax year(s) in which interest has accrued.


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

For additional information, download our Flexible Savings Bond terms and conditions [PDF, 138KB]. 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.