Notices

Savings customers - the interest rates on many of our variable rate savings products will be decreasing from 6 January 2025. Find out more

We will be emailing or writing to you shortly to let you know of how these decreases affect you. In the meantime, you can see all of these changes here.
Mortgage customers - our Managed Mortgage Rate (MMR) will decrease by 0.25% from 20 January 2025. Find out more:

From 20 January 2025, we'll be decreasing our Managed Mortgage Rates (MMR) by 0.25%. All on-sale discounted variable product rates and other details, including representative examples displayed on our website, have been updated to reflect these lower rates.
We will be writing to existing customers who have been impacted by this change, shortly, with details relevant to them.
View our Christmas opening hours here. For information on bank transfer processing times over the Christmas period please click here.
Rate changes following Bank of England decision to decrease its Bank Rate by 0.25% to 4.75% on 7 November 2024. Find out more

Savings: Interest rates for Windfall Bond and Tracker Savings Bond will decrease by 0.25% from 1 December 2024. We will be writing to all customers individually to confirm the new rates.
Mortgages: Tracker mortgages will change on 25 December 2024 and we will write to customers individually with revised payment details where the new rate exceeds the minimum rate (or ‘floor’) already applying to their mortgage.
(Notice updated 08/11)

Our variable rate savings accounts will be decreasing

Interest rates on the majority of our variable savings accounts will be decreasing from 6 January 2025.

The majority of our variable rate savings products will be decreasing from 6 January 2025 – you can find full details below. We will shortly be notifying those customers affected by email or by letter.

Please note that some of our savings accounts listed below are not currently available for new account openings. If you would like to see details of our current saving accounts please click here.

Premium Saver

Account	Minimum Balance	Current Rate Gross	Current Rate Gross AER^#	New Rate Gross	New Rate Gross AER^#
*Premium Saver (1)~, (2)~*
Annual interest	£5,000+	4.05%	4.05%	3.80%	3.80%
(Rate effective from 6 January 2025)

*Premium Saver (3)~**
Annual interest	£15,000+	4.05%	4.05%	3.80%	3.80%
(Rate effective from 6 January 2025)

*Premium Saver (4)~**
Annual interest	£10,000+	4.05%	4.05%	3.80%	3.80%
(Rate effective from 6 January 2025)

*Premium Saver (5)~, (6)~*
Annual interest	£1,000+	4.05%	4.05%	3.80%	3.80%
(Rate effective from 6 January 2025)

Easy Access

Account	Minimum Balance	Current Rate Gross	Current Rate Gross AER^#	New Rate Gross	New Rate Gross AER^#
Everyday Saver (1), (2), (3)
Annual interest	£50,000+	3.25%	3.25%	3.10%	3.10%
(Rate effective from 6 January 2025)	£100+	3.15%	3.15%	3.00%	3.00%

Branch Saver (1), (2), (3), (4), (5)
Annual interest	£500+	3.30%	3.30%	3.15%	3.15%
(Rate effective from 6 January 2025)	£1+	3.20%	3.20%	3.05%	3.05%

Online Saver (1), (2), (3), (4)*
Annual interest	£100+	4.05%	4.05%	3.80%	3.80%
(Rate effective from 6 January 2025)

Online Saver (5), (6)*
Annual interest	£100+	4.80%	4.80%	4.40%	4.40%
(Rate effective from 6 January 2025)

Online Saver (7)*
Annual interest	£100+	4.82%	4.82%	4.40%	4.40%
(Rate effective from 6 January 2025)

Easy Access (ISA)

Account	Minimum Balance	Current Rate Gross	Current Rate Tax-free^AER^#	New Rate Gross	New Rate Tax-free^AER^#
Flexible ISA (1), (2), (3)
Annual interest	£500+	3.25%	3.25%	3.10%	3.10%
(Rate effective from 6 January 2025)

Notice

Account	Minimum Balance	Current Rate Gross	Current Rate Gross AER^#	New Rate Gross	New Rate Gross AER^#
Capital 90 (1) ~
Annual interest	£20,000+	4.85%	4.85%	4.60%	4.60%
(Rate effective from 6 April 2025)

Monthly interest	£20,000+	4.73%	4.83%	4.48%	4.57%
(Rate effective from 6 April 2025)

Capital 90 (2) ~
Annual interest	£20,000+	4.85%	4.85%	4.60%	4.60%
(Rate effective from 6 April 2025)

Monthly interest	£20,000+	4.73%	4.83%	4.48%	4.57%
(Rate effective from 6 April 2025)

Capital 120 (1)
Annual interest	£1,000+	5.15%	5.15%	4.90%	4.90%
(Rate effective from 5 January 2025)

Monthly interest	£1,000+	4.90%	4.90%	4.65%	4.65%
(Rate effective from 5 January 2025)

Capital 120 (1)
Annual interest	£1,000+	4.90%	4.90%	4.65%	4.65%
(Rate effective from 6 May 2025)

Monthly interest	£1,000+	4.78%	4.89%	4.53%	4.63%
(Rate effective from 6 May 2025)

Children's Savings

Account	Minimum Balance	Current Rate Gross	Current Rate Gross AER^#	New Rate Gross	New Rate Gross AER^#
Junior Saver (1), (2)
Annual interest	£3,000+	4.50%	4.50%	4.25%	4.25%
(Rate effective from 6 January 2025)	£1,000+	4.25%	4.25%	4.00%	4.00%
	£1+	4.25%	4.25%	4.00%	4.00%

Account	Minimum Balance	Current Rate Gross	Current Rate Tax-free^AER^#	New Rate Gross	New Rate Tax-free^AER^#
Junior Cash ISA (1), (2)
Annual interest	£3,000+	4.60%	4.60%	4.35%	4.35%
(Rate effective from 20 February 2025)	£1,000+	4.35%	4.35%	4.10%	4.10%
	£1+	4.35%	4.35%	4.10%	4.10%

Mortgage Linked Savings Accounts

Account	Minimum Balance	Current Rate Gross	Current Rate Gross AER^#	New Rate Gross	New Rate Gross AER^#
Family Security Account (1)
Annual interest	£5,000+	4.05%	4.05%	3.80%	3.80%
(Rate effective from 6 January 2025)

Notes:

^#AER stands for Annual Equivalent Rate and illustrates what the annual rate would be if interest was compounded.

^{^}Interest is paid tax-free as it is currently exempt from income tax. The future tax treatment of Individual Savings Accounts may vary.

*A maximum withdrawal limit of £25,000 per day, per account applies.

~ No additional funds can be paid into these account(s).

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If you have questions or need our help please contact our friendly Savings Service Team.

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