Balance | Standard variable Interest rates (AER / Gross) | Bonus Interest rates** (AER / Gross) | Interest including bonus (AER / Gross) |
---|---|---|---|
Above 1 GBP | 0.10% ( 0.10% Gross) | 0% | 0.10% ( 0.10% Gross) |
From 15th February 2021 to 28th March 2021
Balance | Standard variable Interest rates (AER / Gross) | Bonus Interest rates** (AER / Gross) | Interest including bonus (AER / Gross) |
---|---|---|---|
Above 1 GBP | 0.20% ( 0.20% Gross) | 0% | 0.20% ( 0.20% Gross) |
From 1st September 2017 to 28th December 2020
Balance | Standard variable Interest rates (AER / Gross) | Bonus Interest rates** (AER / Gross) | Interest including bonus (AER / Gross) |
---|---|---|---|
Less than £500 | 0.65% ( 0.65% Gross) | 0% | 0.65% ( 0.65% Gross) |
500 and above | 0.65% ( 0.65% Gross) | 0.60% ( 0.60% Gross) | 1.25% ( 1.24% Gross) |
** Bonus Interest Rate would be applicable for Bonus Period only, which is from 1st September, 2017 to 30th September, 2018.
- AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
- Interest is calculated daily and credited to the account monthly.
- The standard variable interest is accrued daily and only the standard variable interest will be paid in any month where the balance is less than the set criteria of £500.
- Bonus Interest is accrued daily and will be paid along with the standard variable interest in any month where balance is above minimum set criteria of £500.