Prime Account

This account is no longer available to new customers.

Current interest rates

Quarterly interest (effective from 2 January 2009).

Balance

Gross rate per year %

Net rate per year %

AER %

£25,000+

0.10

0.08

0.10

£10,000+

0.10

0.08

0.10

£2,500+

0.10

0.08

0.10

£1,000+

0.10

0.08

0.10

£1+

0.10

0.08

0.10

A savings account designed for balances of £1,000 or more. Rates are variable. Interest is paid quarterly on the first working day of January, April, July and October.

Previous interest rates

Quarterly interest (effective from 1 December 2008 to 1 January 2009). 

Balance

Gross rate per year %

Net rate per year %

AER %

£25,000+

0.45

0.36

0.45

£10,000+

0.10

0.08

0.10

£2,500+

0.10

0.08

0.10

£1,000+

0.10

0.08

0.10

£1+

0.10

0.08

0.10

Further information

Mortgage offset:

No

Interest rate:

Rates are variable. Interest is calculated daily using your statement balance and is paid on the first working day of each 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.

You can download these Prime Account 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.