Variable Rate Accounts

Our variable rate accounts offer competitive rates of interest. Access to your money is subject to the withdrawal restrictions set out below.

In the event that the balance falls below the minimum operating balance as stated within the relevant product details below, the basic investment rate of interest, which is currently 0.05% Gross p.a./AER (variable), shall apply.

 

  • Rainy Day ISA (Issue 3)

    For balances between £10,000 and £24,999.99:

    0.80% Tax-free§ p.a./AER(variable)

    For balances between £25,000 and £49,999.99:

    0.85% Tax-free§ p.a./AER(variable)

    For balances between £50,000 and £250,000:

    0.90% Tax-free§ p.a./AER(variable)

    The maximum balance is £250,000 including 2016/2017 ISA funds, previous year ISA funds and accrued interest. If the balance exceeds £250,000 including accrued interest the interest rate that shall apply to the whole balance will be 0.40% Tax-free§p.a/AER (variable).

    The maximum you can invest for the 2016/2017 tax year is £15,240 (less any amount invested in a Stocks and Shares ISA and/or an Innovative ISA in the same tax year).

    • Interest paid: annually 30 Nov (commencing 30 Nov 2017)
    • Minimum operating balance: £10,000
    • Maximum balance: £250,000
    • Maximum 2016/2017 investment: The maximum you can invest in the 2016/2017 tax year is £15,240, less any amount invested in a Stocks and Shares ISA and/or an Innovative Finance ISA in the same tax year

      Withdrawals: Access is limited to 6 withdrawals per calendar year without notice or loss of interest, subject to the minimum balance of £10,000 being maintained. If you exceed this number of withdrawals (including closure of the account), the account will be subject to 30 days' loss of interest or an equivalent amount on the amount withdrawn.

      Further deposits: permitted in future tax years (assuming the account remains open for investment)

    The account may be closed for further investment upon a minimum of 30 days written notice after which you will not be able to invest further funds. The maximum for 2016/2017 tax year deposits is £15,240 and the maximum account balance is £250,000 including accrued interest

    Full details
  • Rainy Day Saver (Issue 7)

    For balances between £10,000 and £24,999.99:

    0.80% Gross p.a./AER(variable)

    For balances between £25,000 and £49,999.99:

    0.85% Gross p.a./AER(variable)

    For balances between £50,000 and £250,000:

    0.90% Gross p.a./AER(variable)

    The maximum amount you can invest is £250,000 (£250,000 for joint accounts) including accrued interest. If the balance exceeds £250,000 the interest rate that shall apply to the whole balance will be 0.40% Grossp.a/AER (variable).

    • Interest paid: annually 30 Nov (commencing 30 Nov 2017).
    • Minimum operating balance: £10,000
    • Maximum balance: £250,000 (£250,000 for joint accounts)
    • Withdrawals: Access is limited to 6 withdrawals per calendar year without notice or loss of interest, subject to the minimum balance of £10,000 being maintained. If you exceed this number of withdrawals (including closure of the account), the account will be subject to 30 days' loss of interest or an equivalent amount on the amount withdrawn.

    This account may be closed for further deposits upon a minimum of 30 days notice

    Full details
  • Access Saver (Issue 2)

    Interest Rate:

    0.50% Gross p.a./AER (variable)

    • Interest paid: annually on 30 Sep (commencing 30 Sep 2017)
    • Minimum operating balance: £100
    • Maximum balance: £1,000,000 (£2,000,000 for joint accounts) plus accured interest to the account
    • Withdrawals: unlimited subject to the minimum balance of £100 being maintained

    The account may be closed to further deposits upon a minimum of 30 days’ written notice.

    Full details
  • Access ISA (Issue 2)

    0.50% Tax-free§ p.a./AER† (variable)

    • Interest paid: annually on 30 Sep (commencing 30 Sep 2017)
    • Minimum operating balance: £1
    • Maximum balance: The maximum you can invest for the 2016/ 2017 tax year is £15,240, less any amount invested in a Stocks and Shares ISA and/ or an Innovative Finance ISA in the same tax year
    • Withdrawals: unlimited withdrawals can be made without notice or loss of interest

    The account may be closed for further investment upon a minimum of 30 days' written notice.

    Full details